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833 Luxury Apartments Near Me in Miami, FL
Cost of Living
70% Rent
vs
30% Own
Renter's Cost vs. Income
Last Updated October 2023
Average Monthly Rent (Census)
Last Updated October 2023
The breakdown of people who rent in Miami, FL is 70% renters and 30% owners. The monthly average cost of rent in Miami is $1,361 per month and the yearly average income is $79,886 per year. This compares to an average rent of $1,230 in FL and $1,003 in the US. This data was last updated in October 2023
Travel and Transport
Commuting to Work
Last Updated October 2023
Residents of Miami, FL spend an average of 28.0 minutes commuting to work. 28% have short commutes under 20 minutes, 64% travel between 20 and 60 minutes, and 8% face longer journeys exceeding an hour, reflecting varying levels of accessibility and distance.
In Miami, FL, 8% of residents rely on public transportation, 5% commute on foot, 1% use bicycles, and 87% opt for other modes such as cars and ride-sharing.
FAQs
What is the average rating of a community in Miami?
The average rating is 2/5 stars.
What is the average price for a 2 Bedrooms + 2 Bathrooms in Miami?
The average price is $3,602.56.
What is the average price for a 1 Bedroom + 1 Bathroom in Miami?
The average price is $2,790.58.
What is the average price for a Studio + 1 Bathroom in Miami?
The average price is $2,324.96.
What is the average monthly rent for Miami?
Based on 2023 city data, the average monthly rent is $1,361.00.
What is the average commute time?
Based on 2017 city data, the average commute is 28 mins.