Housing costs in North Miami?
A typical home costs
$324,200, which is 4.1% less expensive than the national average of
$338,100 and 10.5% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in North Miami costs
$1,690 per month, which is 8.3% more than the national average of
$1,560 and 11.8% cheaper than the state average of
$1,890.
Can I afford North Miami?
To live comfortably in North Miami (zip 33181), Florida, a minimum annual income of
$62,280 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about North Miami?
The cost of living in 33181 North Miami, FL is quite high compared to other areas in the United States. The median home value here is $272,600 which is much higher than the national median of $219,700. Rent prices are also steep with a median of $1,743 per month for a two-bedroom residence. Utility costs such as electricity, water and garbage collection can add up quickly due to the hot weather and high rate charged by local providers. Transportation costs are also higher than average due to the lack of public transportation options available and the need for many people to rely on private vehicles for commuting. Overall, living in 33181 North Miami can be expensive but there are plenty of amenities available that make it worth the cost.