Housing costs in Miami?
A typical home costs
$348,600, which is 3.1% more expensive than the national average of
$338,100 and 3.8% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami costs
$1,490 per month, which is 4.5% cheaper than the national average of
$1,560 and 26.8% cheaper than the state average of
$1,890.
Can I afford Miami?
To live comfortably in Miami (zip 33142), Florida, a minimum annual income of
$66,960 for a family, and
$48,000 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33142 Miami, FL is quite high compared to other areas of the country. Rent and housing prices are significantly higher than the national average, and utilities such as water and electricity also come at a premium. Eating out and purchasing groceries can be expensive, so budgeting is essential. Although the city is known for its attractive beaches, cultural events, and great nightlife, it's important to remember that these amenities come with a price tag. Overall, the cost of living in 33142 Miami can be quite steep, but it's still an attractive destination for those who can afford it.