Housing costs in Miami?
A typical home costs
$620,200, which is 83.4% more expensive than the national average of
$338,100 and 71.1% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami costs
$2,840 per month, which is 82.1% more than the national average of
$1,560 and 33.5% more than the state average of
$1,890.
Can I afford Miami?
To live comfortably in Miami (zip 33129), Florida, a minimum annual income of
$118,800 for a family, and
$91,200 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33129 Miami, FL is quite high compared to the national median. The cost of housing is much higher than the national average as this area boasts some of the most luxurious real estate in the country. Groceries, transportation, and utilities also cost more than what people would expect in other cities. Overall, living in 33129 Miami is not an inexpensive experience and will require a considerable amount of money to sustain a comfortable lifestyle.