Hialeah Cost of Living

What living in Hialeah costs

Hialeah runs at 1.05x the US national average — 21 of the 99 other metros tracked here cost more, 72 cost less. A one-bedroom goes for about $1,650 a month, or $19,800 a year, and the median home sits near $420,000.

The price-to-rent ratio here is roughly 21, which is high. Above about 20, renting and investing the down payment usually beats buying over a normal holding period — the purchase price is steep relative to what the same property earns as a rental.

Working and living here

Hialeah is a metro of roughly 0.2M and roughly flat, running on manufacturing, logistics, healthcare. Larger employers include Amerijet International, Hialeah Hospital, Winn-Dixie distribution.

Florida levies no state income tax and Hialeah adds no local one, so the only income tax withheld here is federal. That is worth several thousand dollars a year against a comparable salary in a taxing state — though property and sales taxes in no-income-tax states tend to run above average, so the advantage narrows once you buy.

Getting around: Hialeah is served by limited transit. Budget for a car — around $9,000 a year all-in once insurance, fuel, maintenance and parking are counted, a cost the index assumes but does not itemise.

Climate: January highs near 76°F/lows near 60°F, mild and dry; July highs near 90°F/lows near 76°F, hot and very humid.

No state income tax in Florida; one of the highest concentrations of Cuban and Cuban-American residents in the US (over 70% of the population), with Spanish as the predominant daily language.