This Florida City Is Now One Of The Most Expensive In The World To Live The High Life
Florida is one of the least affordable states in the U.S., and, now, Miami is one of the most expensive places to live a lavish lifestyle in the world!
It is a bit ironic that the most affordable flights nationally come from Florida airports, so it's cheap to get out of town.
The study was provided by Julius Bär, a company that looked at how high-net-worth individuals have been living their lifestyles. The Magic City has increased its rank to spot 18 from last year's spot at 19.
Narcity was told the data comes from Year-Over-Year percentage price changes from bicycles to shoes and even Lasik eye surgery.
The largest change was the percentage increase of hotel suites in the city. Whether staycations are popular, or the wealthy are spending a pretty penny on others, this category increased by 91%.
The second-biggest climb was technology packaging by 40% and lawyers by 33%.
According to ZipRecruiter, the average salary you need to live in Miami, annually, is a little over $62,000 a year, which is about $15,000 over what the average millennial makes in the U.S. at around $47,000.
Miami salary averages break down to around $30/hour.
The categories that decreased the most for the South Florida city are Lasik and MBA.
The only other city in America that topped the list was New York coming in the 11th spot.
- Florida Real Estate Agents Say You're Doing 5 Things Wrong When ... ›
- The US' Most Affordable Flights Are From These 4 Florida Airports ... ›
- Florida Has Become The US' Least Affordable State & Here's The ... ›
- You Don't Need To Earn As Much To Be Considered Rich In The Least Affordable State In The US - Narcity ›
- Georgia Residents Are Getting Another Stimulus Check & Here’s How You Can Get Up To $500 - Narcity ›
- One Of The Best US Cities To Live Is In Florida & It Was Ranked By Social Media Hashtags - Narcity ›
- Miami Was Ranked The Highest For The Best Mental Health In The US & TikTok Creators Agree - Narcity ›
- These Florida Cities Rank In The Top 25 For The Highest STD Rates In The US - Narcity ›
- These Florida Cities Have Astronomical Home Prices Compared To Typical Market Predictions - Narcity ›
- These Are The Cheapest Places To Live In Florida & You Probably Never Heard Of Them - Narcity ›
- I Live In USA's Least Affordable State & These Are 10 Things I Do Every Month To Save Money - Narcity ›