Housing costs in Miami?
A typical home costs
$502,000, which is 48.5% more expensive than the national average of
$338,100 and 38.5% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami costs
$1,790 per month, which is 14.7% more than the national average of
$1,560 and 5.6% cheaper than the state average of
$1,890.
Can I afford Miami?
To live comfortably in Miami (zip 33130), Florida, a minimum annual income of
$96,120 for a family, and
$57,600 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33130 Miami, FL is higher than the national average, but it is still considered quite affordable. The median home value is around $300,000, with housing costs averaging around $1400 per month. The city also has a high cost of food and transportation. Eating out can be expensive, with an average meal costing about $15-20. Public transportation is available but tends to be overcrowded during peak times. Gas prices are higher than the national average, however, often reaching over $2/gallon. Overall, while 33130 Miami may be more expensive than other parts of the country, it remains an attractive area for people seeking affordable living in a vibrant urban environment.