Cost of living in Miami Lakes
Miami Lakes, located in the vibrant state of Florida, offers a unique blend of suburban charm and urban convenience. Understanding the cost of living in this area is crucial for anyone considering a move or planning their finances.
This guide provides a detailed breakdown of expenses in Miami Lakes, covering everything from dining and groceries to housing and transportation.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $26 on average, with a range between $15 and $45.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $87.5, with prices ranging from $65 to $175.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $10 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $10, imported beer $6 to $12, cappuccino $2.5 to $8, and Coke/Pepsi $2 to $4.
Grocery Prices
- Milk - Milk is priced between $0.81 and $2.64 per liter, averaging $1.16.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $6.61, with an average price of $4.
- Eggs (Dozen) - A dozen eggs range from $1.79 to $7, averaging $4.02.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.76 to $11.02 per kg, while oranges range from $2.18 to $13.23 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.99 and $8.8 per kg, and lettuce costs $1.88 to $4 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.76 and $1.06 per liter.
- Taxi Fares - Taxi fares start at $2.9, with a cost of $0.93 to $3.11 per km and $20 to $45 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $30,000 and $36,050, while a Toyota Corolla ranges from $25,000 to $29,000.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1300.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $2000.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $212.5, averaging $158.48.
- Internet - Internet services range from $45 to $100, with an average cost of $81.25.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Miami Lakes offers a diverse range of dining options, with prices varying significantly between casual and upscale restaurants.
Grocery prices in Miami Lakes can be quite variable, particularly for fresh produce and dairy products.
Transportation costs are moderate, with gasoline prices being relatively low compared to other regions.
Housing in Miami Lakes is moderately priced, with rental costs for city centre apartments being reasonable.
Utilities and internet services are competitively priced, offering good value for residents.
Conclusion
Overall, Miami Lakes presents a balanced cost of living, with reasonable expenses across most categories.
Potential residents should consider the variability in dining and grocery prices when budgeting, but can expect moderate housing and transportation costs.
This makes Miami Lakes an attractive option for those seeking a suburban lifestyle with urban amenities.