Cost of Living in Miami-Miami Beach-Kendall for 2022

When moving to a new city or state, you need to familiarize yourself with the cost of living. In this analytical article, we look at the cost of living in Miami-Miami Beach-Kendall for 2022. To do this, we will use a calculator compiled by the Economic Policy Institute (EPI). The Family Budget Calculator (EPI) will help you determine the optimal income to maintain a modest but fairly comfortable standard of living. Let’s study living expenses for three types of families: for one adult, for two adults and for a family of four (two adults and two children). For a complete picture, let’s look at the average net salaries in Miami-Miami Beach-Kendall for 2022. The cost-to-income ratio will help us get the full picture.

Apartment rental prices are based on data from the Department of Housing and Urban Development. The Department takes into account fair market rent, which includes utility costs. Prices were taken into account for renting a studio apartment for one adult, a one-bedroom apartment for two adults, and a two-bedroom apartment for two adults with two children.

Food expenditures are based on data from the USDA and have been adjusted for each area.

Average net salaries are per month (after tax) and based on numbeo data (current as of end December 2022).

The median net salary in Miami after taxes is $4,079.54 (or $48,954 annually) as of December 2022.