Cost of Living in Miami beach, FL
Housing
The housing market plays a significant role in determining the cost of living in Miami beach, FL.
- Housing Index: 155.0 / 100
- Median Home Price is: $597,000
- Average Rent (2 BR Apartment): $3200 per month
- Average Rent (2 BR House): $3280 per month
Considering a move to Miami beach, FL? The housing index stands at 155.0, indicating a competitive market. With a median home price of 597000, buying a home may require a substantial investment. If renting is more your style, expect to pay about 3200 for a 2-bedroom apartment and 3280 for a house. Keep in mind that this city's cost of living reflects not just housing prices but also amenities and local services. Thoroughly evaluate your budget and lifestyle preferences before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Miami beach, FL.
- Electricity Price: $13.89 USD (median by state)
- Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Miami beach, FL could entail higher utility costs. Electricity costs sit at $13.89, while natural gas is priced at $26.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Miami beach is a financially viable option for your relocation.