MiamiHerald / It’s not just you: Miami really is one of the least affordable places to live in the country.
But it’s not only because of the high cost of housing, healthcare, transportation and taxes.
A family of four spends almost $85,000 per year to live in Miami-Dade County, according to the updated Family Budget Calculator released by the Economic Policy Institute, a progressive Washington-based think tank. Along with the above-mentioned items, the calculator estimates costs for food, child care and “other necessities.”
That makes Miami the 41st most expensive place to live among America’s largest 100 metros when measured in pure cost. The EPI study mirrors previous surveys that have ranked Miami as high on costs and low on wages, and adds further context to how difficult it is to make ends meet here.