Housing costs in Miami Beach?
A typical home costs
$428,400, which is 26.7% more expensive than the national average of
$338,100 and 18.2% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami Beach 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 Miami Beach?
To live comfortably in Miami Beach (zip 33139), Florida, a minimum annual income of
$82,080 for a family, and
$90,400 for a single person is recommended.
What does A.I. say about Miami Beach?
The cost of living in 33139 Miami Beach, FL is higher than the average for the US. Renting a one bedroom apartment in the area averages $2,500 per month and can be more expensive depending on location and amenities. The median house price is $1 million dollars, so owning a home is out of reach for most. Groceries, transportation, utilities, health care, and other essential services are all more expensive here than the national average as well. Despite the high cost of living in 33139 Miami Beach, FL, many people still choose to live here because of its incredible weather and amazing beaches.