Is Miami, FL a Good Place to Live in 2024?

What Is Miami, FL Known For?

Miami is situated on the southeastern tip of Florida, between the Everglades to the west and the Atlantic Ocean to the east. Known for its vivid nightlife and Latin-infused culture, Miami offers locals a booming financial sector and attractive real estate options. The city boasts a refreshing arts scene and extensive coastlines.

Miami is a melting pot of cultures, featuring a rich tapestry of racial diversity and minority communities. Miami's LGBTQ+ community is also visible and contributes to the city's social fabric.

For families, the city's numerous parks and beaches provide a playful setting for children. Students flock to Miami for its unique tropical studies and real estate programs. Retirees enjoy the constant sunshine and well-kept golf courses. Couples and singles find the nightlife irresistible and vibrant. People from different cultural backgrounds relish the annual events that celebrate many traditions. Regardless of one's beliefs or gender, Miami offers a lifestyle that welcomes diversity in every corner.

Highlights

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Pros and Cons

The Pros of living in Miami, FL, include arts and culture, career opportunities, moderate weather, and more. While some Cons are around hurricane risk, cost of living, and traffic congestion.
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Safety and Crime

Miami, FL is ranked 301st out of the top 500 most populated cities in the US for highest overall safety, is ranked 263rd on safety from violent crime, and 312th on safety from property crime.
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Cost of Living

Compared to the rest of the US, the cost of living in Miami, FL is 8% higher than the national average.
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Discretionary Income

A gross annual salary of $80,000 in Miami, FL leaves $982 of “money in the pocket” per month on average.
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Climate and Weather

The average daily temperature in Miami, FL in January is 70°F and 84°F in July. Compared to the rest of the 333 most populated cities in the US, this city is on average +27°F warmer in January and is on average +5°F warmer in July.
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Politics and Voting

Miami, FL voted for the Democrat party in the 2020 Presidential election, with 53.4% of the votes counted going to this party.
Read more in Politics and Voting.