Housing costs in Palmetto Bay?
A typical home costs
$1,084,900, which is 220.9% more expensive than the national average of
$338,100 and 199.4% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Palmetto Bay costs
$2,810 per month, which is 80.1% more than the national average of
$1,560 and 32.7% more than the state average of
$1,890.
Can I afford Palmetto Bay?
To live comfortably in Palmetto Bay (zip 33158), Florida, a minimum annual income of
$207,720 for a family, and
$90,400 for a single person is recommended.
What does A.I. say about Palmetto Bay?
The cost of living in 33158 Palmetto Bay, FL is quite high. The median home value in the area is around $473,000, making it one of the most expensive neighborhoods in Miami-Dade County. The median household income for the community is also quite high at $103,783. Consequently, goods and services are priced higher than average throughout the neighborhood. With such a high cost of living, many residents have to budget carefully and prioritize their expenses. However, with its beautiful ocean views and close proximity to downtown Miami, the cost can be worth it for those who can afford it.