Housing costs in Miami?
A typical home costs
$645,200, which is 90.8% more expensive than the national average of
$338,100 and 78.0% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami costs
$2,480 per month, which is 59.0% more than the national average of
$1,560 and 23.8% more than the state average of
$1,890.
Can I afford Miami?
To live comfortably in Miami (zip 33137), Florida, a minimum annual income of
$123,480 for a family, and
$79,600 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33137 Miami, FL is considerably higher than the national average. The median home price in the area is $347,400, nearly two and a half times the national median of $184,700. Renters can expect to pay around $1,962 per month for a one-bedroom apartment, well above the national average rent of $949. Groceries and transportation are also more expensive than the national average, while healthcare costs are slightly lower. All other costs like utilities and entertainment are roughly in line with the rest of the country.