Miami Shores, FL is a vibrant city located in South Florida that offers its residents plenty of amenities. The average rent for a two-bedroom apartment is $1,610, which is significantly higher than the national average of $1,430. On top of that, groceries are also more expensive than average in Miami Shores with a Grocery Cost Index of 109 compared to the US index of 100. Despite this fact, living in Miami Shores has many benefits due to its close proximity to numerous local businesses including restaurants like Jackson Soul Food and specialty stores like Petals & Things Florist Boutique. Additionally, the city offers a variety of recreational activities such as swimming at the Normandy Pool or hiking trails at Arch Creek Park. With so much to offer its residents, it's no wonder why Miami Shores remains one of South Florida's most desirable cities.
Miami Shores has an unemployment rate of 8.2%. The US average is 6.0%.
Miami Shores 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 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Miami Shores
- The Sales Tax Rate for Miami Shores is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Miami Shores 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 Miami Shores
- The average income of a Miami Shores resident is $37,588 a year. The US average is $28,555 a year.
- The Median household income of a Miami Shores resident is $127,721 a year. The US average is $69,021 a year.