Housing costs in Miami?
A typical home costs
$80,000, which is 76.3% less expensive than the national average of
$338,100 and 62.3% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Miami costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 26.7% cheaper than the state average of
$950.
Can I afford Miami?
To live comfortably in Miami, Missouri, a minimum annual income of
$15,480 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in Miami, MO is quite affordable compared to some other areas. According to the most recent figures, housing costs are around 12% lower than the national average, with a median home price of $112,800. The cost of utilities in Miami is also relatively low; according to statistics from the BestPlaces Bureau, residents pay an average monthly utility bill of just $138. Additionally, food, transportation, and healthcare are all fairly inexpensive when compared to the national averages. All in all, living in Miami makes for an affordable lifestyle that still offers plenty of amenities and activities at a reasonable price.