Question 1

What is the cost of living in Miami-Fort Lauderdale-West Palm Beach, FL?

Accepted Answer

Miami-Fort Lauderdale-West Palm Beach, FL's overall price level (BEA Regional Price Parity) is 114.16, where 100 equals the U.S. average. That means everyday goods, services, and housing cost about 14.2% more than the national average. HUD's Fair Market Rent for a 2-bedroom is $2,436/month.

Question 2

What is the average salary in Miami-Fort Lauderdale-West Palm Beach, FL?

Accepted Answer

Across the 100 BLS-tracked occupation categories with published data in Miami-Fort Lauderdale-West Palm Beach, FL, the average median wage is $139,941. The single highest-paying occupation here is Psychiatrists at $403,430/year (BLS OEWS).

Question 3

What are the highest-paying jobs in Miami-Fort Lauderdale-West Palm Beach?

Accepted Answer

Based on BLS OEWS data, the top-paying occupations in Miami-Fort Lauderdale-West Palm Beach, FL are: 1) Psychiatrists at $403,430; 2) Orthopedic Surgeons, Except Pediatric at $396,920; 3) Physicians, Pathologists at $332,570; 4) Physicists at $272,480; 5) Physicians, All Other at $232,960. Click any occupation above to see the full wage breakdown (10th to 90th percentile).

Question 4

How much does it cost to rent a 2-bedroom apartment in Miami-Fort Lauderdale-West Palm Beach?

Accepted Answer

The U.S. Department of Housing and Urban Development's Fair Market Rent (FMR) for a 2-bedroom unit in Miami-Fort Lauderdale-West Palm Beach, FL is $2,436/month. FMR is the rent level HUD uses to administer housing assistance and reflects the 40th percentile of standard-quality rentals, updated annually.

Question 5

Where does AffordMap's Miami-Fort Lauderdale-West Palm Beach data come from?

Accepted Answer

Salary figures come from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. Cost of living comes from the Bureau of Economic Analysis Regional Price Parities (RPP). Rent comes from HUD Fair Market Rents. All three are federal datasets, updated annually, and free to use. AffordMap pairs them so you can see what a salary actually buys after local costs.

Rank	Occupation	Category	Median salary	Hourly
1	Psychiatrists	Healthcare	$403K	$193.96/hr
2	Orthopedic Surgeons, Except Pediatric	Healthcare	$397K	$190.83/hr
3	Physicians, Pathologists	Healthcare	$333K	$159.89/hr
4	Physicists	Science	$272K	$131/hr
5	Physicians, All Other	Healthcare	$233K	$112/hr
6	Nurse Anesthetists	Healthcare	$232K	$111.54/hr
7	Family Medicine Physicians	Healthcare	$228K	$109.47/hr
8	Airline Pilots, Copilots, and Flight Engineers	Transportation	$216K	N/A
9	Dentists, All Other Specialists	Healthcare	$214K	$102.68/hr
10	Emergency Medicine Physicians	Healthcare	$205K	$98.55/hr

Top Paying Jobs in Miami-Fort Lauderdale-West Palm Beach, FL

Highest paying careers in Miami-Fort Lauderdale-West Palm Beach

Affordability snapshot: Miami-Fort Lauderdale-West Palm Beach