Housing costs in South Beach?
A typical home costs
$742,400, which is 119.6% more expensive than the national average of
$338,100 and 104.9% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in South Beach costs
$1,850 per month, which is 29.4% more than the national average of
$1,430 and 15.7% more than the state average of
$1,560.
Can I afford South Beach?
To live comfortably in South Beach, Florida, a minimum annual income of
$142,200 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about South Beach?
South Beach, FL is an expensive place to live. The cost of living is high due to the high demand for housing in the area. The median home price in South Beach is around $1 million, making it one of the most expensive cities in the US. Rent prices can be quite steep and range from $2,000 to over $4,000 depending on the location and square footage. In addition, utilities such as electricity, water, and gas are also more expensive than other areas of Florida. Despite all this, many people are still drawn to South Beach for its vibrant nightlife, gorgeous beaches, and overall lifestyle.