Housing costs in Miami?
A typical home costs
$529,000, which is 56.5% more expensive than the national average of
$338,100 and 46.0% 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 33132), Florida, a minimum annual income of
$101,520 for a family, and
$92,400 for a single person is recommended.
What does A.I. say about Miami?
The cost of living in 33132 Miami, FL is quite high compared to the national average. The area has some of the highest housing costs in the country, with an average rent for a one-bedroom apartment costing approximately $2,400 per month. Additionally, utility bills and other expenses can be quite expensive due to the city's proximity to the coast and its tropical climate. Other exorbitant costs include transportation and groceries - both of which tend to be higher than in other cities across the country. Overall, living in 33132 Miami, FL can be expensive but it comes with the reward of a vibrant cultural landscape and plenty of exciting activities to enjoy.