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Miami, Florida Retirement Guide
established retirement community
58
Retirement Score
Miami, Florida at a Glance
- Median Home Price
- $535,600
- State Income Tax
- No state income tax; Social Security and pension income fully exempt.
- Avg January Low
- 63°F
- Cost of Living Index
- 102.3 (US avg = 100)
- Best For
- established retirement community
- RetireCityIQ Score
- 58 / 100
Retirement Data
Affordability
Cost of Living Index
102.3 (U.S. avg = 100)High confidence
BEA Regional Price Parities · Updated May 2026
Median Home Price
$535,600High confidence
U.S. Census ACS 1-Year · Updated June 2026
Median Monthly Rent
$1,580High confidence
U.S. Census ACS 1-Year · Updated June 2026
Taxes
Retirement Tax Score
100 / 100High confidence
Tax Foundation · Updated June 2026
Tax Details
No state income tax; Social Security and pension income fully exempt.High confidence
Tax Foundation · Updated June 2026
Retiree Readiness (Sprint 2)
Care Access Score (proxy)
26.5 / 100High confidence
RetireCityIQ proxy model · Updated June 2026
Aging-in-Place Score (proxy)
66.3 / 100High confidence
RetireCityIQ proxy model · Updated June 2026
Healthcare
Healthcare Access Score
26.5 / 100High confidence
CMS Hospital General Information · Updated June 2026
Climate
Avg July High
88.7°FHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Avg January Low
63°FHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Annual Precipitation
74.2"High confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Sunny Days / Year
340 daysHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Safety
Safety Score
98 / 100High confidence
FBI Crime Data Explorer · Updated June 2026
Walkability
Walk Score (proxy)
52 / 100High confidence
U.S. Census ACS 5-Year (B08301) · Updated June 2026
Transit Score (proxy)
24.7 / 100High confidence
U.S. Census ACS 5-Year (B08301) · Updated June 2026
Demographics
Population
443,665High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Age
39.7High confidence
U.S. Census ACS 5-Year · Updated June 2026
Age 65+
16.3%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Household Income
$54,858High confidence
U.S. Census ACS 5-Year · Updated June 2026
Community Profile
Owner-Occupied Housing
30.1%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Veterans
2.0%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Bachelor's Degree+
34.2%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Poverty Rate
20.0%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Diversity
White
45.4%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Black
14.1%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Hispanic/Latino
72.3%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Asian
1.5%High confidence
U.S. Census ACS 5-Year · Updated June 2026
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Miami using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$1,160
Stress-case monthly carrying cost
$1,303
Median home price used: $535,600
Median rent reference: $1,580 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.
Local Professionals
Financial Advisors
CAMPBELL CAPITAL MANAGEMENT INC
CIFC INVESTMENT MANAGEMENT LLC
COLBERT INVESTMENT MANAGEMENT CO
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