South Miami, Florida, shows a higher cost of living compared to the nationwide average, with an overall cost of living index at 120. This means expenses are, on average, 20% higher than in other parts of the country. The housing costs are particularly notable, standing at 150, which is 50% above the national average. This higher cost is something job seekers should consider when looking for employment opportunities in this area.
The cost of living in South Miami, FL, stands notably higher than the nationwide average, which is set at 100. For housing, residents face expenses that are 50% above the national average, with an index of 150. This significant increase reflects the premium on living in a desirable coastal area, where demand often drives up prices.
In addition to housing, other key areas such as groceries and transportation also exceed the national average. Groceries in South Miami cost 10% more, with an index of 110, while transportation costs are 20% higher, at 120. Even utilities, though slightly below the national average at 95, still show a modest increase. Healthcare costs remain relatively close to the average, with an index of 105, and miscellaneous expenses are also 15% higher, at 115. Overall, South Miami offers a higher standard of living but comes with a significant financial commitment compared to the rest of the country.
