Housing costs in North Miami?
A typical home costs
$420,100, which is 24.3% more expensive than the national average of
$338,100 and 15.9% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in North Miami costs
$1,710 per month, which is 9.6% more than the national average of
$1,560 and 10.5% cheaper than the state average of
$1,890.
Can I afford North Miami?
To live comfortably in North Miami (zip 33161), Florida, a minimum annual income of
$80,640 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about North Miami?
The cost of living in 33161 North Miami, FL is fairly high, with an index of 122.4 compared to the national average of 100. This is particularly true for rental prices, which have seen an uptick over recent years due to the city's booming population and popularity among tourists. The median home price in 33161 is $343,200, significantly higher than the national average of $217,000. Food costs are also quite high in this area, as is transportation and healthcare costs. All of these factors combined make it considerably more expensive to live in 33161 than other parts of Florida or the United States as a whole.