Housing costs in Miami?
A typical home costs
$1,380,100, which is 308.2% more expensive than the national average of
$338,100 and 280.8% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami costs
$2,950 per month, which is 89.1% more than the national average of
$1,560 and 35.9% more than the state average of
$1,890.
Can I afford Miami?
To live comfortably in Miami (zip 33122), Florida, a minimum annual income of
$264,600 for a family, and
$94,800 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33122 Miami, FL is generally high compared to other cities throughout the US. As a major metropolitan city with many attractions and amenities, the average housing cost is more expensive than many other places. Rent prices for an average one-bedroom apartment range from $1,350-$2,500 per month. Grocery costs for basic items are also higher than most cities, as are transportation costs due to the large number of people who live here. Despite the relatively expensive cost of living in this area, the unique culture and attractions available make it worth the investment.