Miami Beach, FL (33140) is a popular resort destination known for its stunning beaches, vibrant nightlife, and world-class dining. The average two bedroom rent in this area is $2,460 making it one of the more expensive areas to live in. In comparison to the U.S. average two bedroom rent of $1,430, Miami Beach is still quite expensive. Groceries are also more expensive here with an index score of 112 compared to 100 nationwide. Despite this high cost of living there are many attractions that make it worth the money, such as South Beach Boardwalk for running or biking along the beachfront or its numerous clubs and bars located on Washington Avenue. There are also plenty of local companies like Artisan Beach House Restaurant and Lounge that offer delicious cuisine and fantastic views of the ocean or The Standard Hotel which provides luxury spa services and a chic poolside lounge area.
Miami Beach (zip 33140) has an unemployment rate of 5.9%. The US average is 6.0%.
Miami Beach (zip 33140) 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 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Miami Beach (zip 33140)
- The Sales Tax Rate for Miami Beach (zip 33140) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Miami Beach (zip 33140) 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 Beach (zip 33140)
- The average income of a Miami Beach (zip 33140) resident is $49,464 a year. The US average is $28,555 a year.
- The Median household income of a Miami Beach (zip 33140) resident is $90,812 a year. The US average is $69,021 a year.