Zip 33127 (Miami, FL) Cost of Living


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with insight into cost of living, crime, climate, and more.
How much do I need to live in Miami, Florida?
$6,870 / month
for a family, 27.2% more expensive than the national average A total of $82,440 for the year for a family.
$4,200 / month
for a single person, 11.9% less expensive than the national average A total of $50,400 for the year for a single person.

Miami cost of living score
118.9
More expensive
18.9% higher
than the US average
15.3% higher
than the Florida average
Miami (zip 33127), Florida gets a BestPlaces Cost of Living score of 118.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 18.9% higher than the U.S. average and 15.3% lower than the average for Florida.

Zip 33127 (Miami, FL)

Housing costs in Miami?
A typical home costs $429,900, which is 27.2% more expensive than the national average of $338,100 and 18.6% more expensive than the average Florida home, at $362,400. Renting a two-bedroom unit in Miami costs $1,570 per month, which is 0.6% more than the national average of $1,560 and 20.4% cheaper than the state average of $1,890.

Can I afford Miami?
To live comfortably in Miami (zip 33127), Florida, a minimum annual income of $82,440 for a family, and $50,400 for a single person is recommended.

What does A.I. say about Miami?
The cost of living in 33127 Miami, FL is quite high. The median home value is more than $300,000, and rent costs are equally steep. Despite the high costs, Miami remains a desirable place to live due to its tropical climate, diverse culture, and vibrant nightlife. Residents also enjoy access to excellent healthcare facilities and plenty of educational opportunities. However, those considering moving to the area should consider their financial resources carefully as prices are sure to rise in the future.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMiamiFloridaUnited States
    Unlock103.1100.0
  104.1  Unlock100.0
    Unlock102.3100.0
  115.6  Unlock100.0
    Unlock$362,400$338,100
  95.2  Unlock100.0
    Unlock112.6100.0
  98.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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