By Marcus Webb, Senior Editor, State Tax & Retirement Geography·Miami-Dade County
Miami is the #2 city in Florida by population (453,579
residents across 157,347 households; median household income $31,051). Federal gold IRA
rules are identical here to anywhere else in the US — what changes at the state line
is the money around the metal: no sales tax on bullion at
purchase, and no state income tax when you take distributions.
The thresholds, sources and storage picture behind those two lines live in the gold IRA guide for Florida. Below: the city snapshot our
desk compiles for Miami, the rated companies that serve it, and where its metals
would physically sit.
Miami snapshot
Miami, Florida — city profile
Measure
Value
Population
453,579
Households
157,347
Median household income
$31,051
County
Miami-Dade County
ZIP codes served
99
Land area
36 sq mi
Source: U.S. Census Bureau estimates (via our cities dataset) · checked October 24, 2026
Where Miami IRA metals would sit
Metals in your IRA can't sit in a Miami safe-deposit box or home safe — an
IRS-approved depository arranged by the custodian holds them, and the vault your
custodian uses decides fees and logistics. To make the geography concrete, we
measure the straight-line distance from Miami to the two reference vaults we
track nationally:
Straight-line distance from Miami to reference depositories
Facility
Distance
Delaware Depository (Wilmington, DE)
≈ 1,000 mi
Texas Bullion Depository (Leander, TX)
≈ 1,120 mi
Method: great-circle distance from city coordinates, rounded to 10 miles — an
indicator of logistics, not a quote. Florida's full storage picture: state guide.
Gold IRA companies serving Miami — network ratings
Company
Overall
Fees
Feedback
Min. investment
Noble Gold Investments
4.1
3.5
4.5
Varies — see review
GoldStar Trust
4.0
4.0
4.0
N/A (custodian)
Augusta Precious Metals
4.0
3.0
4.5
$50,000 for cash or IRA purchases
Advantage Gold
3.9
3.5
4.0
$10,000–$25,000
Birch Gold Group
3.9
3.5
3.5
$5,000 recommended minimum
Goldco
3.9
3.5
4.0
$25,000 generally required for gold IRA…
American Hartford Gold
3.8
3.5
4.0
$10,000 for a Gold IRA
Lear Capital
3.3
3.0
3.5
$10,000 for a Gold IRA
Preserve Gold
3.2
3.0
3.5
$10,000–$25,000
Regal Assets
1.3
2.0
1.0
$5,000
Miami gold IRA questions
Do I pay sales tax on gold IRA purchases in Miami?
No sales tax on bullion — the rule is set at the state level. Florida permanently eliminated the $500 minimum on August 1, 2025 (SB 134, amending §212.08 Fla. Stat.; DOR TIP 25A01-03): qualifying gold, silver and platinum bullion sold by weight is exempt from sales tax at any purchase amount. Source: FL DOR TIP 25A01-03, checked October 2026.
Where would metals from a Miami gold IRA be stored?
Not at home: IRS rules require an approved depository arranged by your custodian. Measured from Miami, the industry's reference vaults sit roughly 1,000 mi (Delaware Depository) and 1,120 mi (Texas Bullion Depository). The distance doesn't affect IRS approval — the vault your custodian uses decides fees and logistics.
Does Miami add its own tax on IRA distributions?
Income tax is set at the state level, not by cities — with rare exceptions like New York City's resident tax, which none of our covered cities share. Florida levies no state income tax — IRA distributions are not taxed at the state level.
City guides for 9 more Florida cities are in
preparation.
Important
Educational information only — not investment, tax or legal advice. Verify current state and
local tax treatment with the Florida revenue department before acting.
