Housing costs in Miami Beach?
A typical home costs
$717,000, which is 112.1% more expensive than the national average of
$338,100 and 97.8% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami Beach costs
$2,460 per month, which is 57.7% more than the national average of
$1,560 and 23.2% more than the state average of
$1,890.
Can I afford Miami Beach?
To live comfortably in Miami Beach (zip 33140), Florida, a minimum annual income of
$137,520 for a family, and
$79,200 for a single person is recommended.
What does A.I. say about Miami Beach?
The cost of living in 33140 Miami Beach, FL is quite high and can be prohibitive for some. The median home value in the area is $576,100, which is nearly double the national average, making it one of the most expensive places to live in the country. The monthly utility costs are also significantly higher than other areas. Additionally, food prices tend to be more expensive due to the local produce and specialty items that are available in the area. Though living expenses can be steep, locals say that you get what you pay for with access to great restaurants, nightlife, and stunning beaches nearby.