national average Archives - Rava Realty

Cost of living in South Florida outpaces national average

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South Florida’s cost of living surpasses the national average. When an index of 100 represents the national average cost of living across 269 cities, Miami and Fort Lauderdale had index values of 115.3 and 118.3, respectively, in the third quarter of 2023.

Notably, if Manhattan were considered separately, it would lead with an index value of 227.8.

(source: axios.com, picture: rachel-martin)

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Newer apartments in Miami are bigger than national average

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Newer apartment units in the Miami metro area are averaging larger in size than those in many cities across the country, according to a new report from listing service RentCafe. The average size of newer Miami apartments is 912 square feet, nearly 3% bigger than the 2022 national average of 887 square feet. This is in contrast to the nationwide trend of shrinking apartment sizes, with newly built apartments shedding 30 square feet on average compared with 2021. ...

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