Cost of Living in Miramar, FL

Are you wondering how much it will cost to live in Miramar, FL? Keep reading to learn more about the cost of living, housing costs, utility prices, and more.

You will find Miramar, FL, in the heart of South Florida. Miramar is known to be one of the most beautiful cities in Florida. The best part of Miramar is that it is only 16 miles from the beach and shoreline. Living in this city gives you a sense of "beach vibes" with scenic beach roads, surf shops, luxury homes, and more. 

There is currently a population of around 150,000 residents in Miramar, and it just keeps growing as more and more people find out about this fantastic city. Miramar is known for its safety and sense of community. It is a perfect city to consider when relocating to the southern area of Florida.

Throughout this guide, we will discuss what it will cost to live in Miramar for basic necessities and essentials. Miramar is quite an expensive place to live, but we will break it all down.

Here are the factors that go into the cost of living in Miramar.

Overall Cost of Living

A downside of living in Miramar is that it is an expensive city to live in. The overall cost of living in Miramar, Florida, is 25 percent higher than the national average. The cost of living in this area is based on a bunch of factors that we will discuss throughout this guide. 

Although the cost of living is higher than the national average, it is worth it. This is an excellent place for those who are looking for a safe and welcoming community to move to as a young professional, with your family, or to retire. Miramar has many things to do, whether you are relocating or just visiting the area.

Let's take a look at Miramar's cost of living compared to other big cities.

• Living in San Francisco, California, is around 30 percent more expensive than in Miramar.
• Living in Fort Lauderdale, Florida, is only 2 percent cheaper than in Miramar.
• Living in Raleigh, North Carolina, is 29 percent cheaper than in Miramar.
• Living in New York City is 45 percent more expensive than in Miramar.

Miramar is in the top 7 percent of the most expensive cities in the world. 

Housing Costs

When it comes to housing costs in Miramar, this is where people may reconsider moving to Miramar. The cost of housing in Miramar is 57 percent higher than the national average. However, it is essential to remember that you are paying for the area and location. Living in a wealthy area that is close to the coast and Miami, home prices are going to be higher than the average.

The median sold price for a home in Miramar, FL, is a little less than $500,000. This is a 17 percent increase from when homes were $71,500 cheaper a year ago. Another thing to take into consideration is the inventory of homes. There are currently 300 homes for sale in this city. Most of these homes have three or four bedrooms in them. So if you are searching for that factor, Miramar has a variety to choose from. 

On the bright side, you can likely get a good deal if you plan on purchasing a home in Miramar. 62 percent of homes sold in Miramar were sold under the asking price last month. 

Check out these single-family homes, luxury homes, and condos for sale in Miramar right now. 

Utilities

Another critical factor to consider when discussing what it costs to live in Miramar is utilities. This city's utility cost is 6 percent higher than the national average. Don't let this scare you. Most Florida cities have higher than average utility costs.

On average, Florida residents spend around $207 a month on electricity, which adds up to $2,484 a year. This is 16 percent higher than the national average electricity bill of $2,133 a year. The average Miramar resident will pay around $180 to $200 monthly on electricity. This can be managed to the best ability by being cautious of how much electricity you use on a daily basis.

The city of Miramar has a monthly water service charge of $16.90 and a water utility tax of 10 percent of the water charge. To learn more about water rates in Miramar, visit their city website here. 

Income

According to Data USA, the median household income recorded in 2020 was $70,477. Don't let this number scare you. Making a good salary is not tricky in Miramar as most paying jobs pay their employees above average.

The largest industries to work for in Miramar, Florida, are Health Care and Social Assistance, Retail Trade, and Educational Services. The highest paying jobs in Miramar are Public Administration, Professional, Scientific, Technical Services, and Finance and Insurance. Miramar's healthy job market has seen a 1.43 percent growth in just a year.

Some of the popular jobs within this city are Management Occupations, Education Instruction, Office and Administrative Support Occupations, Sales Occupations, and Business and Financial Operations.

If you are seeking a job in any of these related fields, Miramar is an excellent place for you to relocate to.

Transportation

Transportation costs in Miramar, like public bus fares and gas prices, are 4 percent higher than the national average. Miramar is not a walkable city, so motor transportation is required to get around the area. Whether you drive your personal car or take public transit, we are going to discuss in more detail how much it will cost you on average.

As most people know, gas prices are currently high due to the economy. This is not just in Florida; it is all around the nation. In Miramar, the average price for regular fuel is $3.49 per gallon. This cost is actually lower than the current national average of $3.67 for regular fuel. It is also lower than the current Florida average of $3.71 per gallon.

The city of Miramar has a public transportation system called Mira-motion Community Shuttle. This shuttle has four routes to improve mobility and connectivity within the town. Residents and visitors use this shuttle to get to work, school, appointments, etc., throughout Miramar. A great thing about Mira-motion Community Shuttle is that it is absolutely free of charge. 

Food and Groceries

As some may know, food costs in Florida are usually higher than in other states. This is because Florida doesn't require income state tax, so they increase food costs to compensate for lost revenue. Miramar has food costs that are 19 percent higher than the national average. 

You can maintain low food costs by budgeting and being cautious of what you are purchasing and where. Here are some of the most commonly purchased grocery store items and how much they cost on average in Miramar, Florida.

However, it is vital to remember that food costs nationwide are high due to the economy. The only thing you can do is purchase necessities, shop at affordable grocery stores, and buy only things that you will use in time before they go bad and then go to waste.

Healthcare

As we have discussed almost all the factors that go into deciding the cost of living in Miramar, let's take a look at health care in the city. If you are considering relocating to Miramar, you will be happy to know that this city's healthcare cost is 5 percent lower than the national average.

• $118.29 for an average doctor's visit
• $102.06 for a dentist visit
• $111.42 for an optometrist visit
• $62.49 for a vet visit

The largest hospital in Miramar is the Memorial Hospital Miramar. This hospital has earned high performance in one procedure and condition. There isn't a wide variety of medical centers in this city, but you are a short drive to other larger towns with many hospitals.

Child Care

Finding a city with affordable child care is hard to come by these days. For some, child care is not an important factor in their lives; for others, it plays a massive role in their monthly or yearly spending.

In Miramar, the average annual cost of childcare for two children is around $14,000. This average is about $2,000 more than the Florida average of $12,134. However, according to the Center for American Progress, the average American pays nearly $16,000 for child care, which is around $1,300 a month.

Taxes

Another fantastic thing about living in Miramar is that they have low taxes. The sales tax rate in this city is 7 percent, which is less than the national average of 7.25 percent. Florida's state sales tax rate is 6 percent, and the other 1 percent is the local and city tax rate. This rate differentiates city to city or county to county. 

People love moving to Florida because of the fact that they do not have to pay income state taxes on their paychecks. This is great for those who work extremely hard for their income. Not having to pay this tax allows Florida residents to have higher wages than those who make the same salary but live in a different state and have to pay income state tax.

Pros and Cons of Living in Miramar

Pros:

• Beautiful city
• Safe and welcoming environment
• Close proximity to the coast
• Great job market and opportunities
• Free public transportation
• Inexpensive health care
• No income state tax
• Even though the cost of child care is higher than the Florida average, it is less than the national average

Cons:

• Expensive cost of living 
• High food costs
• High utility rates
• High property tax
• Expensive housing costs
• Higher child care costs than the state average

FAQ

Is Miramar an expensive place to live?

Yes, it is. Miramar, Florida, is known to be one of the more expensive cities in the United States.

Is Miramar, Florida, a good place to live?

Absolutely. This city is safe and has a sense of a welcoming community. Living in Miramar offers residents a dense suburban feel. There are also tons of things to do within this city for those who live there or are visiting. 

What is the best area to live in Miramar?

Some of the best neighborhoods in Miramar are Miramar Park, Riviera Isles I, and Silver Lakes. Almost any area that you choose to move to will be unique in different ways. This community is super friendly and welcoming, so people love living in Miramar.

How close is Miramar to the beach?

Miramar, Florida, is around 16 miles from Ocean Drive, which is South Beach.

Cost of Living in Miramar, FL - Our Final Words

As you read through this guide, we hope this helps you better understand what it would cost you to live in Miramar, Florida. Even though Miramar is one of the most beautiful places to live, it can be costly for some. The overall cost of living in this city is higher than the national average, as well as the food costs, housing costs, utilities, and more. However, Miramar has some affordable things, like healthcare systems, fuel, public transportation, taxes, and more. 

Moving to a new area can be highly stressful. There are many things to consider about living in a specific city before relocating there. To learn more about Miramar, check out our blogs on Things to Know About Miramar, Best Restaurants in Miramar, and that are similar.

If you are considering moving to Miramar, Florida, contact us today to get connected with a local Real Estate professional for further guidance on buying and selling your home.