Cost of Living in North miami, FL
Housing
The housing market plays a significant role in determining the cost of living in North miami, FL.
- Housing Index: 120.8 / 100
- Median Home Price is: $356,000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2240 per month
Considering a move to North miami, FL? The housing index currently stands at 120.8, indicating a relatively active housing market. With a median home price of 356000, purchasing a home could appear less accessible than in some areas. Rental prices also reflect this trend, with average rent for a 2-bedroom apartment at 2200 and for a house at 2240. It's essential to evaluate job availability, local amenities, and lifestyle satisfaction when making your choice. Remember, investing in real estate can often yield long-term benefits despite the upfront costs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in North miami, 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.): $250 per month
Living in North miami, 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 $250 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 North miami is a financially viable option for your relocation.