Housing costs in Miami?
A typical home costs
$577,700, which is 70.9% more expensive than the national average of
$338,100 and 59.4% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami costs
$2,160 per month, which is 38.5% more than the national average of
$1,560 and 12.5% more than the state average of
$1,890.
Can I afford Miami?
To live comfortably in Miami (zip 33145), Florida, a minimum annual income of
$110,520 for a family, and
$69,600 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33145 Miami, FL is quite high compared to other cities. The median home price in this zip code is around $250,000 and rental prices are also quite expensive. Utility costs are also higher than average with a one-bedroom apartment costing around $1,400 per month including utilities. Grocery costs are slightly higher than the national average and there is no shortage of dining options as well. Other expenses such as transportation and entertainment can add up quickly making it difficult to make ends meet for some people living in this area.