Miami, AZ is a small city nestled in the foothills of the Santa Catalina Mountains near Tucson. The cost of living is quite affordable with an average two bedroom rent of just $1,330 compared to the national average of $1,430. Groceries are also relatively inexpensive with a grocery cost index of 92 versus 100 nationally. Popular local companies include Walmart, Sprouts Farmers Market, Safeway and Bashas’ Supermarkets. Prices for common food items at local stores are lower than the national averages for items such as fresh fruits and vegetables at 1.22 per pound, milk at 2.44 per gallon, and eggs at 1.92 per dozen.
Miami has an unemployment rate of 6.7%. The US average is 6.0%.
Miami has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Miami
- The Sales Tax Rate for Miami is 9.1%. The US average is 7.3%.
- The Income Tax Rate for Miami is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Miami
- The average income of a Miami resident is $17,783 a year. The US average is $28,555 a year.
- The Median household income of a Miami resident is $34,464 a year. The US average is $69,021 a year.