The cost of living index in South Miami, FL, shows that housing costs are 45% higher than the nationwide average. This increase reflects the higher expenses job seekers might face in this area. Other categories like groceries, utilities, and transportation also show higher costs, though not as dramatically. For instance, groceries are 12% above the national average, and utilities are slightly below at 8% below average. Understanding these factors can help job seekers make informed decisions about relocating to South Miami.
The cost of living in South Miami, Florida, stands out when compared to the nationwide average, which is set at 100. Housing costs in South Miami are notably higher, with an index of 145. This means that housing expenses are 45% higher than the national average. For job seekers considering South Miami, this significant increase in housing costs could impact their overall budget and lifestyle choices.
Other expenses in South Miami also show variations from the national average. Groceries have an index of 112, indicating a 12% increase in grocery costs. Utilities, however, are slightly lower, with an index of 98, showing a 2% decrease. Transportation costs are close to the average, with an index of 102, which is just a 2% increase. Healthcare costs are lower, with an index of 94, meaning they are 6% cheaper than the national average. Miscellaneous expenses have an index of 110, showing an 10% increase. These differences highlight the diverse cost of living in South Miami compared to the rest of the country.
