Last Updated on November 22, 2023 by asifa
If you’re thinking about moving to Miami, you need to know what to expect when it comes to the cost of living in Miami. Luckily, safeboundmoving.com can help.
For a family of four — two parents and two children — you can expect to spend a little over $7,000 monthly and about $85,000 annually, according to the Economic Policy Institute’s Family Budget Calculator. One person can have a “modest yet adequate standard of living” for a little over $3,000 per month and $37,000 per year.
This graph is courtesy of the Economic Policy Insitute and can be found here: https://www.epi.org/resources/budget/budget-factsheets/#.
According to Expatistan’s cost of living comparison calculator, Miami is 31% cheaper to live in than New York City. Los Angeles is 9% more expensive than Miami. Atlanta is 15% cheaper than Miami. For cities in Florida, Tampa and Orlando are 15% cheaper than Miami. Jacksonville is 23% cheaper.
Expatistan also ranks Miami as more expensive than 72% of cities in the United States. They estimate a family of four to cost about $5,250 monthly; a single person costs about $3,000 per month.
PayScale’s cost of living calculator finds Miami’s cost of living as 14% higher than the national average. Most of that comes from housing prices, which are 44% above the national average.
Although the cost of living in Miami is more expensive than lots of other cities in the U.S., you won’t find another city that offers the same experiences that Miami has to offer. Diversified neighborhoods, world-renowned beaches, unparalleled nightlife, clean living lifestyles, and flavorful cuisines await you when you decide to move to Miami. Our local moving company can get you there.
Miami is one of the many melting-pot-cities in America. There’s a huge Latin American presence that can be felt throughout the city. With Miami being a top international destination, you also never know who you’ll run into. You can hear families speaking in Mandarin, French, Italian, Spanish, and countless others on a stroll along the beach. There are also small neighborhoods so enveloped in their own cultures that you’ll feel like you’re in another country, namely Little Haiti and Little Havana.
Hollywood has been trying to capture the splendor of Miami’s beaches for decades. These white-sand beaches are a popular destination for several reasons. You can find clear waters, shady palm trees, and laughing families throughout the summer. Spend an afternoon playing beach volleyball, getting a tan, snorkeling, or paddle boarding at any of Miami’s beaches.
There’s always a party to find in Miami. If you thought New York City never sleeps, let us introduce you to Miami. Whatever kind of nightlife you prefer to indulge in, you can find it in Miami. With plenty of rooftop bars and underground clubs, you’ll never run out of things to do.
Even though Miami offers plenty in the nightlife department, its citizens are among the healthiest in all of the United States. Seriously, Business Insider ranked Miami as the #1 healthiest city in the country. It’s only fitting that such a beautiful city is home to so many beautiful people.
Lastly, you’ll never go hungry or run out of restaurants to try in Miami. As we mentioned, Miami culture is heavily influenced by the Latin population. Nowhere is this more apparent than in the city’s food. From food trucks to top-scale restaurants, your taste buds will never be disappointed. So if you’re considering moving to Miami, let Safebound Moving & Storage help!
Moving to Miami
Our professional movers in Miami can get you to South Florida or get you out of it! We’ve got years of experience moving individuals, families, and companies across town and across the country. We offer short and long-distance moving services and prioritize your peace of mind. We guarantee a stress-free move no matter what your next move looks like.
Cost of Living in Miami: How Much Should You Expect to Spend?
Miami is a popular tourist destination and a bustling city with a diverse population, a thriving arts scene, and a thriving business community. But for those considering moving to Miami, it’s important to understand the cost of living before making the big move. Overall, the cost of living in Miami is higher than the national average, but it’s still possible to live comfortably on various budgets.
Housing is the biggest expense in Miami. The median home price is around $350,000, but rents can also be quite high, with the average rent for a one-bedroom apartment hovering around $1,500 per month. However, if you’re willing to live far from the city center, you can find more affordable housing options.
Food and dining expenses can also add up quickly. A meal for two at a mid-range restaurant can easily cost around $70, and groceries are generally more expensive than in other parts of the country. Transportation costs are also high, with gas prices above the national average and limited public transportation options.
However, Miami offers a variety of free and low-cost entertainment options, including beaches, parks, and cultural events. And if you’re willing to be a bit more frugal in your daily expenses, it’s possible to live a comfortable life in Miami without breaking the bank.
If you’re ready to get started with your next move, we’re the local moving company you can trust. We go the extra mile to ensure your move is stress-free and hassle-free. When you move with us, you move with professional movers who are the best in the business. Our local and long-distance movers do everything they can to make your move smooth and easy. There’s no move too big or too far for us. With our specialty services, we’re sure to have the needed services to get you where you want to go. So give us a call or contact us today for a free moving quote!
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