Housing costs in Miami?
A typical home costs
$530,000, which is 56.8% more expensive than the national average of
$338,100 and 46.2% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Miami costs
$2,600 per month, which is 81.8% more than the national average of
$1,430 and 40.0% more than the state average of
$1,560.
Can I afford Miami?
To live comfortably in Miami (zip 33194), Florida, a minimum annual income of
$101,520 for a family, and
$83,600 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33194 Miami, FL is notoriously high. The cost of housing is particularly expensive, with the median home price being over $400,000. Utilities and groceries are also more costly than the national average. Additionally, transportation costs can be steep for those who must commute outside of the city for work or school. Gas prices are especially high in Miami, making it one of the most expensive cities to own and operate a vehicle in. Despite these higher costs of living, Miami is still a popular destination among tourists and transplants alike due to its desirable climate and vibrant culture.