North Miami VS South Miami cost of living

Deciding between North Miami and South Miami often comes down to understanding the differences in daily expenses. Whether you’re planning to rent an apartment, shop for groceries, or explore entertainment options, costs can vary significantly between these two areas. So, check out essential aspects such as rent and utilities, food, transportation, monthly salary after tax, education, lifestyle expenses, and factors to consider when choosing a neighborhood. Use this “North Miami VS South Miami cost of living” guide to decide where to move. And Pro Movers Miami is here to help you with the relocation after you make your decision. By the end, you’ll have a clear picture of what to expect in both locations, helping you choose the one that best fits your needs and financial goals.

North Miami VS South Miami cost of living: Rent

When comparing the “North Miami VS South Miami cost of living” in terms of rent, the differences are clear. In North Miami, a studio apartment averages about $1,240, while in South Miami, it costs around $1,520. If you’re looking at a one-bedroom unit, expect to pay about $1,410 in North Miami compared to $1,730 in South Miami. The gap widens as you move to larger apartments. A two-bedroom in North Miami runs about $1,760, while in South Miami, it jumps to $2,150. North Miami’s average is $2,310 for a three-bedroom unit, but in South Miami, it’s around $2,830.

The most significant difference shows up with four-bedroom rentals. North Miami’s average is $2,730, whereas South Miami’s is a steep $3,350. These figures highlight that South Miami tends to have higher rent prices overall. So, if budget is your primary concern, North Miami may offer more affordable options for renters. If so, hire movers North Miami FL offers.

a house for sale sign
North Miami VS South Miami cost of living mirrors in the difference in rent.

Factors influencing rent

Several factors influence rent prices when comparing North Miami and South Miami. Proximity to commercial centers and beaches plays a big role. South Miami, with its closeness to popular beaches and business areas, tends to have higher rent. This convenience attracts more people, driving up demand and, in turn, rent costs.

Another factor is the availability of public transport and amenities. South Miami’s well-connected transit options make commuting easier, which can lead to higher rental prices. Access to schools, parks, and shopping centers also boosts demand. Market demand trends impact rent rates too. Therefore, regularly check out the market changes to gain better insight.

North Miami VS South Miami cost of living: Food prices

When comparing grocery costs between North Miami and South Miami, the difference is significant. North Miami has a grocery cost index of 105.1, which is slightly higher than the Florida average of 102.8 and the national average of 100. This suggests that groceries in North Miami are relatively more expensive than other parts of Florida but still reasonable compared to the national level. In contrast, South Miami has a grocery cost index of 111.1, making it notably higher than both North Miami and the state average. Therefore, before hiring local movers Miami, weigh all the pros and cons of both areas.

Transportation costs

Public transportation in North Miami includes the NoMi Express, a free community trolley service that operates from 7 AM to 7 PM on weekdays. This service makes getting around the city more accessible and affordable for residents. In South Miami, options like the Metrorail, Metrobus, and Metromover provide extensive coverage. A one-way ticket costs about $2.25, and there’s a daily fare cap of $5.65 for unlimited rides on the Metrorail and Metrobus, which makes daily commuting more manageable.

Owning a car in both areas involves additional expenses. Gas prices in Miami generally hover around the national average, but insurance rates tend to be higher due to heavy traffic conditions. Parking fees vary, with daily Metrorail parking costing around $4.50, while a monthly parking pass is available for $45. These costs can add up quickly, especially in areas where free parking is scarce.

a couple calculating North Miami VS South Miami cost of living
Consider all factors when weighing the pros and cons of moving to North and South Miami

Monthly salary

In North Miami, the average monthly salary after tax is around $3,000, influenced by industries like tourism, healthcare, and education. South Miami’s salary averages are similar, but higher-end job opportunities in sectors like finance and real estate slightly push the income up. While North Miami relies more on service-based industries, South Miami offers better opportunities in professional services, making it a bit more competitive. Both areas, however, see significant employment in hospitality and healthcare, key to the regional economy. So, if you are moving due to business, choose South Miami and hire the finest commercial movers Miami has to offer.

North Miami VS South Miami cost of living: Education

Public schools in North Miami generally have mixed ratings, with schools like North Miami Senior High offering diverse programs but larger class sizes. In contrast, South Miami public schools, such as South Miami Senior High, often score higher in academic performance and provide more advanced placement (AP) courses, leading to better student outcomes.

In North Miami, private schools like Scheck Hillel Community School have an average tuition of around $18,000 per year, focusing on personalized learning with a low student-to-teacher ratio. South Miami’s Gulliver Preparatory School, with tuition ranging from $20,000 to $22,000 per year, offers comprehensive facilities and college prep courses. Thus, choose the best for your kids. Weigh all the pros and cons of both areas. After making a decision, hire moving companies Miami Dade offers.

Higher education

North Miami VS South Miami: North Miami provides proximity to Florida International University (FIU). It is known for its affordable in-state tuition ranging from $6,000 to $12,000 annually. South Miami is closer to the University of Miami, a prestigious institution with higher tuition fees but extensive scholarship opportunities, making it accessible for those seeking a high-quality education despite its cost.

a person calculating
Choose the area that fits your budget most.

North Miami VS South Miami cost of living: A recap

In comparing North Miami VS South Miami cost of living, several factors stand out. North Miami generally offers lower rent, more affordable grocery prices, and accessible public school options. It’s the better choice for those on a tighter budget. South Miami, while more expensive, provides higher-rated schools, better public transport, and upscale private school options. It’s ideal for those seeking a higher quality of life and access to premium services. Overall, North Miami is best for affordability, while South Miami suits those who prioritize convenience and quality. So, hire movers South Miami has and move like a pro.

References:

North Miami, FL Cost of Living. (2022). Bestplaces.net. https://www.bestplaces.net/cost_of_living/city/florida/north_miami

South Miami, FL Cost of Living. (2022). Bestplaces.net. https://www.bestplaces.net/cost_of_living/city/fl/south_miami