Housing costs in Miami?
A typical home costs
$111,000, which is 67.2% less expensive than the national average of
$338,100 and 72.8% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Miami costs
$1,330 per month, which is 7.0% cheaper than the national average of
$1,430 and 16.5% cheaper than the state average of
$1,550.
Can I afford Miami?
To live comfortably in Miami, Arizona, a minimum annual income of
$21,240 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in Miami, AZ is fairly low. According to BestPlaces, the city has an overall cost of living index of 49.20, which is about 15% lower than the national average. Housing costs are particularly competitive, with monthly rent for a one-bedroom apartment averaging around $550. Essential items such as food and transportation are also fairly inexpensive. Miami residents can expect to enjoy relatively affordable prices on groceries and other basic goods. Additionally, public transportation like buses and shuttles are inexpensive and readily available in the city center.