While a majority of people moving to Miami are drawn by the weather condition and side attractions in the city, you will find it interesting to know that there are other amazing things about this city that most people have overlooked. If you are considering moving to Miami, there are a couple of things you should know about the city. For the purpose of this piece, we’ll discuss the cost of living in this city.
Before we delve fully into the cost of living in this city, we’ll take a look at some of the few facts about Miami that most people do not know. Going by the population estimate carried out in 2016, there are over 2.7 million people in this city. Going by reports, over two-thirds of that number speak Spanish. Also, over 80 languages are being spoken in that city.
Cost Of Housing In Miami
It has been revealed that a considerable number of people in the city find it extremely difficult to lay their hands on less expensive homes in certain good areas of the city. This clearly shows that the rental market in the city is booming. Some of the monthly rental prices in the city include;
- $1,300 plus for a one bedroom apartment located in the city center and $1000 plus for that same apartment located outside the city center.
- $2,000 for two bedroom apartment in the city center while $1600 plus for that same apartment outside the city center.
- $5,000 plus for a 10.7 square meter space located in the city center while $2,000 plus for that same space found outside the city center.
In terms of housing, when compared to major cities like London, Los Angeles, Toronto, Sydney, Dubai, Paris, and New York, Miami is way cheaper.
Cost Of Groceries And Restaurants;
A large number of people found in this city is one of the main reasons why there are a number of food options to choose from. There are tons of restaurants for those who love to dine, and there are others for those that prefer hotdogs and burger.
For food items like; rice, a bottle of coke, milk, bread, dozen of eggs, apples, coffee, and chicken, the price ranges from about $1.39 to over $19.98 depending on the quantity and quality of the food supply you want. For restaurants, the least expensive ones sell meals for about $12 to over $25 depending on the quantity and quality of food you want to buy.
When compared to major cities like those mentioned above, the price of groceries and restaurants is quite expensive in Miami than in most of them. For example, in Dubai, groceries are about 27.88% cheaper than in Miami while restaurants are also cheaper by 32.18%.
Cost Of Alcoholic Drinks Or Beverages In Miami
One of the popular past times in Miami is drinking. The brutal traffic and nightlife present residents with an encouraging environment to relax with a bottle of alcohol as they watch the world go by.
The price for a bottle of alcohol is it domestic beer, imported beer, a bottle of wine either at a pub or supermarket ranges from about $3 to over $18. The price depends on the type of alcoholic beverage you need. For example in a supermarket, a mid-range bottle of wine is sold for $13 to over $18.
Cost Of Transportation In Miami
One of the interesting things about this city is the amazing transport system which is controlled by “Miamidada.” This transport system encompasses trains, buses, as well as trolleys. According to reports, this transport system has been designed specifically to encourage tourists and first-time visitors to make use of it at the same time being an avenue to keep the roads free from traffic jams. These three main travel modes have been designed to run throughout the entire city. Irrespective of where you are headed to, there’s always a bus, train, or trolley available for you.
When compared to certain cities in the country and other parts of the world, the cost of moving from one place to another in Miami is quite cheap. For example, residents can pay for a monthly unlimited ticket which cost about $112. On the other hand, a single adult metro ticket is $2.25 while a day ticket plan is $5.65. To ensure that you do not end up spending all your funds on transportation, there are a couple of tips that you can take to heart to enable you to save extra cash. You could decide to buy a bike or look for free rides.
Internet Cost In Miami
Bear in mind that internet cost in the United States is arguably more expensive than what is charged in most other countries. In Miami, you get to pay $19.99 monthly for 10 Mbps (megabytes per second) internet speed. On the other hand, for 45Mbps, you get to pay $40 monthly.
Cost Of Car Ownership In Miami
While some people decide to use public transport to get to their destinations simply because they do not have the time to spend in traffic, others own and drive their cars. Those planning on relocating to this city from any of the states in the country can keep their license when they finally move. All that would be required would be to update the new address.
On the other hand, tourists are allowed to drive their cars around with a foreign license for up to 12 months. After that, they would be required to apply and get an American license before they are allowed to drive. Like most of the American cities, the price for one liter of gas or petrol is $0.64. Generally, the total cost of registration, local and state taxes, and a license is $665 each year.
To save money while driving in this city, you can decide to try out what is referred to as carpooling or sharing. Currently, there are a number of websites that offer you the opportunity to share a car in order to cut cost.
To make your relocation stress-free, you could decide to hire the services of a cheap moving company.
Depending on what you want, the cost of living in this amazing city may be high or low. In terms of housing, Miami happens to be cheaper than in most cities. Hope this helps you make that decision.