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: $356000
• 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 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: 115.3

Median Income

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

• Median Income: $49069

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, 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.