Is Miami really that expensive?

According to reports, New York is the number one most expensive place to live, and Miami is holding second place. … “Miami overtook L.A. as the second most expensive housing market in the nation, even though the price decreased slightly since our last report,” states the report. Oct 1, 2021

To Live “Comfortably” in Miami, You Need to Make $77,057 ($46K More Than the Median Income) According to a financial rule of thumb, a person should spend about 50 percent of his or her after-tax income on necessities. That includes things like rent, food, utilities, health care , and transportation.