Housing costs in Miami?
A typical home costs
$363,600, which is 7.5% more expensive than the national average of
$338,100 and 0.3% more 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 33150), Florida, a minimum annual income of
$69,840 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33150 Miami, FL is quite high as it is a popular city to live in, situated on the coast. The median home price in 33150 is around $344,000 whereas the median rent for a two-bedroom apartment is around $1,800 per month. Other costs such as transportation and groceries are also higher than average when compared to other cities. While there are some cheaper neighborhoods available, most areas in 33150 tend to be quite expensive. Overall, living in this area of Miami can be quite costly but it offers an amazing quality of life with plenty of dining, entertainment, and cultural options.