Housing costs in Miami?
A typical home costs
$303,100, which is 10.4% less expensive than the national average of
$338,100 and 16.4% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami costs
$1,980 per month, which is 26.9% more than the national average of
$1,560 and 4.5% more than the state average of
$1,890.
Can I afford Miami?
To live comfortably in Miami (zip 33126), Florida, a minimum annual income of
$57,960 for a family, and
$63,600 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33126 Miami, FL is higher than the national average, but that doesn't mean it has to be out of reach. Housing costs are on the rise, with median home values around $475,000 and rents at roughly $2,100 per month. Groceries and other everyday expenses can also add up – though discounts and sales are available if you know where to look. Transportation costs vary depending on your choice of car or public transit options such as buses or rideshare apps. There's plenty to do in 33126 Miami, FL with a range of entertainment options from free beach visits to local events like art fairs and festivals. Overall, the cost of living is high but manageable if you're savvy about how you spend your money.