Housing costs in North Miami Beach?
A typical home costs
$418,000, which is 23.6% more expensive than the national average of
$338,100 and 15.3% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in North Miami Beach costs
$1,800 per month, which is 25.9% more than the national average of
$1,430 and 13.3% more than the state average of
$1,560.
Can I afford North Miami Beach?
To live comfortably in North Miami Beach, Florida, a minimum annual income of
$79,920 for a family, and
$57,600 for a single person is recommended.
What does A.I. say about North Miami Beach?
The cost of living in North Miami Beach, FL is relatively high compared to other areas in the country. While the area has a moderate housing market and affordable grocery prices, the city's overall cost of living index is higher than the national average due to higher-than-average transportation and healthcare costs. The city's strong economy also contributes to an increased cost of living; however, North Miami Beach’s beautiful beaches and vibrant culture may make it worth the expense.