Housing costs in North Miami?
A typical home costs
$365,100, which is 8.0% more expensive than the national average of
$338,100 and 0.7% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in North Miami costs
$1,760 per month, which is 23.1% more than the national average of
$1,430 and 11.4% more than the state average of
$1,560.
Can I afford North Miami?
To live comfortably in North Miami, Florida, a minimum annual income of
$69,840 for a family, and
$56,400 for a single person is recommended.
What does A.I. say about North Miami?
North Miami, FL is known for its high-end real estate and median house prices of over $365,100. The cost of living in the area is also very high compared to the US average at 111.7, which is 11.7 points higher than the national average of 100. For those looking to buy a home, it's important to consider both the house prices and overall cost of living when making a decision. North Miami is an attractive option for many due to its proximity to beaches and other attractions, though it does come with a higher cost as well.