Housing costs in Miami?
A typical home costs
$430,000, which is 27.2% more expensive than the national average of
$338,100 and 18.7% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami costs
$1,630 per month, which is 4.5% more than the national average of
$1,560 and 16.0% cheaper than the state average of
$1,890.
Can I afford Miami?
To live comfortably in Miami (zip 33135), Florida, a minimum annual income of
$82,440 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33135 Miami, FL is quite high compared to most other areas. Housing in this zip code is particularly expensive, with the median home price being over $490,000. Rentals are similarly costly, with a one bedroom apartment costing around $2,000 per month on average. Groceries and transportation costs are also higher than many other places due to the city's coastal location. Other expenses such as entertainment and dining out can be more expensive as well since Miami is home to many luxury restaurants and hotels. All in all, 33135 Miami is definitely an expensive place to live but it can be worth the cost for those who love the vibrant culture and thriving economy that comes with living in this part of Florida.