Zip 65344 (Miami, MO) Cost of Living


0 Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
How much do I need to live in Miami, Missouri?
$3,480 / month
for a family, 35.6% less expensive than the national average A total of $41,760 for the year for a family.
$1,867 / month
for a single person, 60.8% less expensive than the national average A total of $22,400 for the year for a single person.

Miami cost of living score
73.5
Less expensive
26.5% lower
than the US average
14.1% lower
than the Missouri average
Miami (zip 65344), Missouri gets a BestPlaces Cost of Living score of 73.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 26.5% lower than the U.S. average and 14.1% higher than the average for Missouri.

Zip 65344 (Miami, MO)

Housing costs in Miami?
A typical home costs $217,200, which is 35.8% less expensive than the national average of $338,100 and 2.3% more expensive than the average Missouri home, at $212,300. Renting a two-bedroom unit in Miami costs $730 per month, which is 23.2% cheaper than the national average of $950 and 2.7% cheaper than the state average of $750.

Can I afford Miami?
To live comfortably in Miami (zip 65344), Missouri, a minimum annual income of $41,760 for a family, and $22,400 for a single person is recommended.

What does A.I. say about Miami?
The cost of living in 65344 Miami, MO is quite reasonable. According to the Missouri Economic Research and Information Center (MERIC), the cost of living index for this area is 88.3, which is slightly lower than the national average of 100. This means that basic goods and services tend to be more affordable here than in other parts of the country. In addition, housing costs are particularly low, with median home prices coming in well below the national average. All of this makes 65344 a great place to live for those looking for relatively low living expenses without sacrificing too much in terms of amenities or quality of life.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMiamiMissouriUnited States
    Unlock85.6100.0
  96.6  Unlock100.0
    Unlock104.3100.0
  67.9  Unlock100.0
    Unlock$212,300$338,100
  99.6  Unlock100.0
    Unlock86.2100.0
  44.1  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.