Housing costs in Miami-Fort Lauderdale-Pompano Beach?
A typical home costs
$437,700, which is 29.5% more expensive than the national average of
$338,100 and 20.8% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami-Fort Lauderdale-Pompano Beach costs
$1,890 per month, which is 32.2% more than the national average of
$1,430 and 17.5% more than the state average of
$1,560.
Can I afford Miami-Fort Lauderdale-Pompano Beach?
To live comfortably in Miami-Fort Lauderdale-Pompano Beach Flor Metro Area, Florida, a minimum annual income of
$83,880 for a family, and
$60,800 for a single person is recommended.
What does A.I. say about Miami-Fort Lauderdale-Pompano Beach?
The cost of living in the Miami-Fort Lauderdale-West Palm Beach, FL Metro Area is significantly higher than the national average. According to recent reports, the Cost of Living Index for this area is 114.8, much higher than the US average of 100. This means that basic necessities such as housing and groceries are more expensive in this area than most other places in the United States. The median house value in Miami-Fort Lauderdale-West Palm Beach is $437700, which is almost 30% higher than the average house value for US at $338,100. All these factors demonstrate just how high costs can be in this metropolitan area and make it important to consider when budgeting for your future plans.