Housing costs in Miami?
A typical home costs
$150,500, which is 55.5% less expensive than the national average of
$338,100 and 32.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Miami costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 19.5% cheaper than the state average of
$980.
Can I afford Miami?
To live comfortably in Miami (zip 46959), Indiana, a minimum annual income of
$28,800 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in Miami, IN (46959) is quite reasonable. The city's overall cost of living index sits at 86.7, which is 14.3 points lower than the national average. Housing prices in particular are very affordable - the median home value in the area is just $83,400, making it an ideal location for first-time home buyers. Groceries and utilities are also relatively low - groceries are 9% cheaper than the US average while utilities are 6% cheaper. In addition, health care costs 5% below the national average. All-in-all, 46959 Miami is a great place to live with an affordable cost of living that's perfect for those on a budget.