Housing costs in Miami Beach?
A typical home costs
$3,352,400, which is 891.5% more expensive than the national average of
$338,100 and 825.1% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami Beach costs
$2,960 per month, which is 89.7% more than the national average of
$1,560 and 36.1% more than the state average of
$1,890.
Can I afford Miami Beach?
To live comfortably in Miami Beach (zip 33109), Florida, a minimum annual income of
$642,240 for a family, and
$95,200 for a single person is recommended.
What does A.I. say about Miami Beach?
The cost of living in 33109 Miami Beach, FL is quite expensive. According to BestPlaces, the overall cost of living index is about 64% higher than the US average. Rent prices are especially high, with an average of about $2,300 per month for a one-bedroom apartment. Groceries and meals out also tend to be more expensive than other parts of the country, although there are some great deals to be had if you shop around. The public transportation system can also be expensive depending on how often you use it, but it's reliable and convenient when needed. Overall, living in 33109 Miami Beach can be costly but it's certainly worth it for anyone looking to experience all that this vibrant city has to offer.