Here’s what the Cost Of Living In Miami looks like for 2013…

cost-of-living-in-miami

The Economic Policy Institute just released their estimates of what the cost of living is in Miami.

For a two-parent, one-child family living in the Miami-Miami-Beach-Kendall metro area, that family needs to earn $60,168 a year. And obviously, the more kids, the higher that figure becomes. Or if its a single-parent household, the smaller the number becomes.

EPI also noted that the median household income in Miami-Dade is about $47,500 (as of 2012), which means that most families are living under the study’s calculations. But below is what a typical budget looks like for that two-parent and one-child model:

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Source: Huffington Post