Nothing is more true than to know a city you have to live in it, and when we think of Miami thousands of things go through our heads. On vacation everything is beautiful and perfect, but it is another thing to live in this part of the United States.
Miami is a large metropolitan region made up of large and small cities in three different counties. Now, when immigrating to this part of North America it is very important to know the cost of living and the income that a family must have to cover their basic expenses.
According to information provided by people living in Miami, a family of three or four people, and counting that they must pay rent, must have an average income of about five thousand dollars per month to live in an adjusted way. It is important to remember that this figure may vary depending on the rental range.
According to studies conducted by consulting companies, in Miami the cost of living is higher than in other Florida cities such as Orlando, with a difference of up to four thousand dollars a year.
Rental housing
The cost of renting an apartment or average home in Miami can be about fourteen thousand dollars a year, that is, a little more than a thousand dollars a month. These prices vary depending on the area where the rental property is located and the conditions in which it is located, because especially in Miami there are areas where the monthly rent can cost several thousand dollars.
Food
Food expenses for an average family in Miami can range from seven to nine thousand dollars a year, which means that between six hundred and eight hundred dollars per month should be allocated for food.
It is important to note that chains such as Wallmart, Publix, Whole Foods and others, sometimes have significant price differences in the same products. The important thing is to look for the economy and optimize the money allocated to purchases.
Transport
Transportation costs per year in Miami range from ten to twelve thousand dollars, an average of about a thousand dollars per month.
It is important to keep in mind that if you decide to have your own vehicle, you must foresee the expenses of the car insurance, which must be renewed every six months and its cost depends on the model, year, number of drivers and driving history record. In Miami there are three ways to have a vehicle, one is to buy it in cash, on credit (which is difficult for those who have just arrived) or rent it with certain conditions and limitations.
With the costs of transportation and having a vehicle, most people seek to work and study near their place of residence.
Insurance and medicines
In the United States it is very important to anticipate the expenses of medical insurance and medicines for the whole family. In Miami for a family of three or four members, the value of this service can be approximately seven thousand dollars a year, close to six hundred dollars per month.
Anyone who plans to settle in Miami should take into account, in their spending budget, the payment of taxes; considering also that in Miami taxes are up to five percent higher than in other cities in Florida.
