Miami, FL (33194) is a bustling city in the United States with a population of over 450,000 people. The area offers an array of unique local businesses and services that cater to both locals and visitors alike. For example, 2 bedroom rent in this area is around $2,600 compared to the national average of $1,430. Additionally, the Grocery Cost Index for Miami is 108 which is higher than the US average of 100.
Some popular local companies that offer products and services within this region include eateries such as El Mago de las Fritas which serves traditional Cuban cuisine or the Mexican restaurant Palacio De Los Jugos which serve up delicious Latin-inspired dishes. Shopping wise, shoppers can find great discounts at stores like Ross Dress For Less, Marshalls and TJ Maxx. Lastly for entertainment options there are venues like AMC Aventura 24 that feature state-of-the-art cinemas and bowling alleys.
Miami (zip 33194) has an unemployment rate of 8.2%. The US average is 6.0%.
Miami (zip 33194) 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 (zip 33194)
- The Sales Tax Rate for Miami (zip 33194) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Miami (zip 33194) 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 33194)
- The average income of a Miami (zip 33194) resident is $16,095 a year. The US average is $28,555 a year.
- The Median household income of a Miami (zip 33194) resident is $119,740 a year. The US average is $69,021 a year.