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.