Housing costs in Miami Lakes?
A typical home costs
$566,700, which is 67.6% more expensive than the national average of
$338,100 and 56.4% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami Lakes costs
$2,040 per month, which is 42.7% more than the national average of
$1,430 and 23.5% more than the state average of
$1,560.
Can I afford Miami Lakes?
To live comfortably in Miami Lakes, Florida, a minimum annual income of
$108,720 for a family, and
$65,600 for a single person is recommended.
What does A.I. say about Miami Lakes?
The cost of living in Miami Lakes, FL is relatively high compared to other parts of the country. As of August 2020, the median price for a home in Miami Lakes was just over $450,000, and rental prices average around $1,500 per month. The area is also known for its high taxes, with residents paying an average of 11.3% in state income taxes as well as a 7% sales tax on many purchases. Additionally, utilities such as electricity and water can be more expensive compared to other cities in Florida. Despite this, many people are still drawn to Miami Lakes due to its diverse culture and abundance of activities and attractions.