Housing costs in Miami?
A typical home costs
$598,400, which is 77.0% more expensive than the national average of
$338,100 and 65.1% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami costs
$2,870 per month, which is 84.0% more than the national average of
$1,560 and 34.1% more than the state average of
$1,890.
Can I afford Miami?
To live comfortably in Miami (zip 33185), Florida, a minimum annual income of
$114,480 for a family, and
$92,000 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33185 Miami, FL is quite high. The median home price in this area is $465,500, which is significantly higher than the US median of $231,200. Additionally, the cost of goods and services such as groceries and utilities are also much more expensive than other parts of the country. The average rental price for a one-bedroom apartment in 33185 Miami is around $2,100 per month – significantly higher than the US average rent of $1,097. Finally, the sales tax rate in this area is 7%, while the national average is 6%. All of these factors make living in 33185 Miami a more expensive proposition than most other parts of the United States.