Housing costs in Miami?
A typical home costs
$408,500, which is 20.8% more expensive than the national average of
$338,100 and 12.7% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami costs
$1,690 per month, which is 8.3% more than the national average of
$1,560 and 11.8% cheaper than the state average of
$1,890.
Can I afford Miami?
To live comfortably in Miami (zip 33125), Florida, a minimum annual income of
$78,120 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33125 Miami, FL is typically higher than the national average due to its close proximity to popular tourist attractions and beautiful beaches. Although housing prices tend to be relatively high, there are still affordable neighborhoods in the area. Groceries, healthcare, transportation, and utilities also tend to be more expensive than average. Despite the increased costs, many people choose to live in 33125 Miami for its sunny climate and vibrant atmosphere.