Housing costs in Miami?
A typical home costs
$942,300, which is 178.7% more expensive than the national average of
$338,100 and 160.0% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami costs
$2,100 per month, which is 34.6% more than the national average of
$1,560 and 10.0% more than the state average of
$1,890.
Can I afford Miami?
To live comfortably in Miami (zip 33133), Florida, a minimum annual income of
$180,720 for a family, and
$67,600 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33133 Miami, FL is higher than the national average. According to BestPlaces, the average expense for a 1-bedroom apartment outside of the city center is approximately $1,396 per month and the index cost of living is 105.4% higher than the national average. Furthermore, transportation costs are also high in this area due to its location in South Florida. The estimated monthly public transport ticket price is $104 and gasoline prices are among some of the highest in the nation at an average of $2.61 per gallon. Despite these higher costs, there are also many advantages to living in Miami that help offset these expenses such as warmer weather year round and access to numerous beaches and outdoor activities.