Housing costs in Miami?
A typical home costs
$578,800, which is 71.2% more expensive than the national average of
$338,100 and 59.7% 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 33131), Florida, a minimum annual income of
$110,880 for a family, and
$91,600 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33131 Miami, FL is comparatively high compared to other parts of the country. The median home value in Miami is $366,500, with an average rent of $2,318 per month. Prices for groceries, healthcare, and transportation are all generally higher than the national averages. However, living expenses in Miami can be offset by its numerous amenities and attractions—such as white sand beaches and world-class entertainment venues—that are not available in many other parts of the United States.