Housing costs in Miami?
A typical home costs
$269,300, which is 20.3% less expensive than the national average of
$338,100 and 25.7% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami costs
$1,510 per month, which is 3.2% cheaper than the national average of
$1,560 and 25.2% cheaper than the state average of
$1,890.
Can I afford Miami?
To live comfortably in Miami (zip 33128), Florida, a minimum annual income of
$51,480 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33128 Miami, FL is relatively high. According to Best Places, 33128 has a cost of living index of 120 which is 20% higher than the national average. Rent prices are particularly high with median rent for a one-bedroom apartment coming in at around $2,000, making it difficult for many to find affordable housing. Additionally, the average price of groceries, transportation and health care are all higher than the national average as well. Despite this however, Miami remains an incredibly popular destination for people looking to move due to its stunning beaches and vibrant culture.