Miami Money Calculators
20 free calculators built on Miami's own tax, housing and insurance rules — each with the reasoning explained.
Miami at a glance
| State and local income tax | None |
|---|---|
| Take-home on $100,000 (single, no deductions) | $79,180 |
| Property tax | Miami-Dade property tax is figured in mills (dollars per $1,000 of value), with a combined City of Miami rate near 20 mills in 2025. |
| Government closing taxes on a $500,000 purchase (buyer + seller) | $5,200 |
| Transit | Miami-Dade Transit: about $112 a month |
| Auto insurance minimum | $10,000 personal injury protection (PIP) and $10,000 property damage liability. Florida is a no-fault state; bodily injury liability is not required for most drivers. |
Income taxes in Miami
Florida has no personal income tax, so Miami paychecks show only federal withholding and FICA. The state relies on sales tax, tourism-related taxes and property tax instead.
Florida has no state payroll deductions for workers, so benefits and retirement choices are the only other lines on a Miami pay stub.
Housing: renting and buying
Much of Miami's housing is in condo towers, from Brickell and Edgewater to Miami Beach, while Coral Gables, Coconut Grove and Little Havana offer houses and low-rise buildings. Since the 2021 Surfside collapse, new state laws require milestone inspections and fully funded structural reserves, and many associations have raised dues or levied special assessments.
Miami-Dade property tax is figured in mills (dollars per $1,000 of value), with a combined City of Miami rate near 20 mills in 2025. Homestead exempts $25,000 from all levies and an additional amount (about $26,411 in 2026) from non-school levies, and Save Our Homes limits yearly increases in assessed value to 3% or inflation, 2.7% for 2026.
Closing costs and transfer taxes
Florida charges documentary stamp tax on deeds and mortgages. Miami-Dade is unique: deeds for single-family residences pay $0.60 per $100, while other property pays $0.70 plus a $0.45 county surtax per $100. Mortgages pay $0.35 per $100 in note stamps plus a 0.2% intangible tax.
Getting around
Miami-Dade Transit runs Metrorail, Metromover (free) and Metrobus, with a $2.25 fare and a $112.50 monthly pass. Most residents drive, and tolls on SunPass roads such as the Dolphin and Airport expressways add up.
Insurance and everyday costs
Florida is a no-fault state requiring $10,000 of personal injury protection and $10,000 of property damage liability, but no bodily injury liability for most drivers. Miami's premiums are among the highest in the country because of fraud history, uninsured drivers and severe weather.
Florida's free Voluntary Prekindergarten (VPK) program covers four-year-olds for part of the day, and the School Readiness program helps eligible families with childcare costs through the Early Learning Coalition of Miami-Dade/Monroe.
Miami rents have risen quickly, and home and auto insurance are unusually expensive, which offsets much of the no-income-tax advantage.
How to use the Miami calculators
Every tool below uses Miami's own rules — the Florida tax engine for paychecks, the Miami-Dade Property Appraiser's method for property tax, and local transfer taxes for closing costs. Start with the paycheck calculator to see real take-home pay, then use the housing tools to test rents or home prices against it. Each result comes with a Reasoning box that explains which rule mattered most.
Income & Taxes
Housing & Real Estate
Insurance & Everyday Costs
Miami Special Tools
Frequently asked questions
Does Miami have a city income tax?
No. Miami does not levy a personal income tax; see the paycheck calculator for state taxes.
How much is take-home pay on $100,000 in Miami?
About $79,180 a year for a single filer with no pre-tax deductions, based on 2026 rules.
Where do the Miami numbers come from?
Tax rates and rules come from official sources such as the IRS, the Florida Department of Revenue and the Miami-Dade Property Appraiser. Cost estimates such as typical rent are Rate and Reason starting points that you can replace with your own numbers.