Rent or buy
Renting needs a deposit and first month, and landlords often check income and credit. Buying adds a down payment, closing costs and ongoing HOA, tax and insurance. Use our calculators to compare the monthly total.
Insurance and HOA
Condo and home insurance, flood insurance where needed and HOA fees are a large part of owning in South Florida. They vary by building, so ask for actual figures.
Taxes
Florida has no state income tax, but property tax and sales tax apply. Your own tax position depends on your residency, so confirm with a CPA.
Daily costs
Utilities with air conditioning, a car or toll roads, groceries and dining vary by area. Walkable areas such as Brickell or Miami Beach can reduce car costs.
Compare areas
Our neighborhood guides and price guide show typical prices and rules for each area. Lidiya can prepare a monthly cost comparison for your shortlist.
This guide is general information, not legal or tax advice. Laws and programs change — confirm details with a Florida attorney and a US tax professional.
