Housing costs in Miami?
A typical home costs
$315,800, which is 6.6% less expensive than the national average of
$338,100 and 12.9% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami costs
$1,540 per month, which is 1.3% cheaper than the national average of
$1,560 and 22.7% cheaper than the state average of
$1,890.
Can I afford Miami?
To live comfortably in Miami (zip 33136), Florida, a minimum annual income of
$60,480 for a family, and
$49,600 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33136 Miami, FL is quite high compared to other areas in the state. According to BestPlaces, the cost of living index in 33136 is a whopping 111.10, which is more than 11 points higher than the national US average of 100. Housing costs are particularly high in this area, with an average rent for a one-bedroom apartment clocking in at over $1,500 per month. Additionally, groceries and transportation can quickly add up due to the inflated prices. Despite the high costs associated with life here, many people find that living in this vibrant city is worth it for the diverse culture and activities it offers.