According to Rent Jungle (https://www.rentjungle.com/average-rent-in-miami-rent-trends/), the average 2 bedroom rent in 33127 Miami, FL is $1,570 per month. This rate is significantly higher than the national average for two bedroom rent which is $1,430 per month. In addition to higher rental rates, according to Numbeo (https://www.numbeo.com/cost-of-living/in/Miami), Miami has a Grocery Cost Index of 104 compared to the US index of 100.
The 33127 area of Miami provides residents with access to numerous local businesses such as La Marca Deli & Market, an Italian market and deli offering fresh produce and delicious ready made food items; El Palacio de los Jugos, a Latin American grocery store; Falafel Bistro Cafe, offering Mediterranean dishes; and Big Cheese Pizza & Subs serving up home style pizzas and subs. These establishments are just a few examples of the diverse range of businesses available in 33127 Miami that offer locals convenient access to various goods and services as well as delicious flavors from around the world.
Miami (zip 33127) has an unemployment rate of 8.3%. The US average is 6.0%.
Miami (zip 33127) 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 42.7%, which is higher than the US average of 33.5%.
Tax Rates for Miami (zip 33127)
- The Sales Tax Rate for Miami (zip 33127) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Miami (zip 33127) 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 (zip 33127)
- The average income of a Miami (zip 33127) resident is $11,659 a year. The US average is $28,555 a year.
- The Median household income of a Miami (zip 33127) resident is $34,102 a year. The US average is $69,021 a year.