North Miami Beach, FL is a vibrant city situated along the coast of Florida. It is known for its beautiful beaches and amazing cultural diversity. The city has a variety of businesses that cater to every need from retail stores to restaurants. Local companies include Oceanside Markets for groceries, La Playa Real Estate for home rentals, and D'Lite Café & Bakery for delectable treats.
The cost of living in North Miami Beach is higher than in the rest of the United States with two bedroom rent costing around $1,800 compared to an average of $1,430 across the country. Grocery Cost Index in North Miami Beach is also more expensive at 106 versus 100 in the US on average. Despite the higher prices, many people choose to live here due to its amazing attractions and amenities.
North Miami Beach has an unemployment rate of 10.0%. The US average is 6.0%.
North Miami Beach has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for North Miami Beach
- The Sales Tax Rate for North Miami Beach is 7.0%. The US average is 7.3%.
- The Income Tax Rate for North Miami Beach is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for North Miami Beach
- The average income of a North Miami Beach resident is $18,581 a year. The US average is $28,555 a year.
- The Median household income of a North Miami Beach resident is $52,223 a year. The US average is $69,021 a year.