Cost of Living in North miami beach, FL

Housing

The housing market plays a significant role in determining the cost of living in North miami beach, FL.

• Housing Index: 0.0 / 100
• Median Home Price is: $287000
• Average Rent (2 BR Apartment): $0.0 per month
• Average Rent (2 BR House): $0.0 per month

Based on the provided data for North miami beach, FL, the housing market appears to be quite favorable, with a median home price of 287000. Although specific rental prices are not available, a housing index of 0.0 indicates possible stagnation or volatility in the rental segment. It's crucial to consider broader economic factors, such as job growth and local amenities, that could impact housing demand. Research neighboring areas or consider future development plans in North miami beach to assess long-term investment potential, especially if house prices remain stable over time.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in North 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.): $0.0 per month

Living in North 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 0.0 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 0.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $56122

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to North miami beach, FL, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.