Pros and cons of relocating to Miami in 2020
Miami, Florida is one of the most desirable places to live not only in the US but also in the world. It is a cultural, financial, and economic center and one of the most populous metro areas in the state. Depending on where you come from, this city may be much different from what you are used to. A steady population growth shows that for most people, the pros of relocating to Miami outweigh the cons. However, the cons are not to be ignored. On the one hand, you have stunning beaches, year round warm weather, and upward mobility. On the other, there’s crime, insane traffic, and the weather, again. At the end of the day, it all depends on your personal preferences. We’ve gathered some useful info to help you decide whether Miami should be your next home. Let’s take a look!
Weather-related pros and cons of relocating to Miami
Florida is the most hurricane-prone state. Hurricanes and tropical storms can be expected from June through November. Miami residents must be prepared for worst-case scenarios. Thinking about escape plans and keeping stocked essentials will take some getting used to, unless you’re already living in Florida.
Other weather-related cons include blazing summer heat and high humidity. If the temperature dropped below 75 degrees, most residents would complain it’s too cold. Living here without air conditioning is not an option. Again, you’ll adjust to the tropical weather if you’re moving from other parts of Florida with ease, but if you’re coming from a cooler climate zone, you may not like this change. On the bright side, the weather is very pleasant from November to April, which means you can spend a lot of time outdoors.
Figure 1 Miami’s climate is favorable for large bugs, spiders, snakes, gators, and various other creatures you want to stay away from.
Low taxes, high living costs
Due to high housing costs, the cost of living in Miami is pretty high. However, you can save thousands of dollars thanks to Florida’s low taxes. Florida residents do not pay state income tax, although they still need to pay Federal income taxes. When it comes to property taxes, they vary depending on the municipality, but you can get a discount by paying early. Miami’s sales tax is somewhat lower compared to other parts of the country.
The real estate market has its pros and cons, too
One of the most important decisions you’ll face after moving to Miami is whether you’ll rent or purchase a home. While most renters head to the greater downtown area, first-time buyers choose areas like Homestead or Miami Shores. Whether you are a buyer or a renter, Miami real estate prices are high. In fact, even low-income housing is unaffordable for many people. Cheaper homes aren’t easy to find and they sell quickly. Single family homes have a more limited inventory than condos. When it comes to luxury real estate, the situation is much better – you can get a lot more for your money here compared to other luxury markets.
The neighborhood you choose to live in after relocating to Miami will have a huge impact on your life. Some of the best Miami neighborhoods and suburbs include Coconut Grove, Miami Beach, Brickell, Doral, Pinecrest, and Coral Gables.
Figure 2Miami boasts the country’s third-tallest skyline as well as over 800 parks.
Miami traffic is one of the worst in the country
The popularity of Miami neighborhoods is partly dictated by the traffic patterns – the more congested, the less desirable. Your daily commute in Miami may be more or less frustrating, depending on where you lived before the move. Regardless, being stuck in traffic is never fun and the sound of a million horns doesn’t help at all. Most residents drive cars, while public transportation is more convenient for tourists. Trains, buses and trolleys are an alternative for those who want to avoid driving.
Culture, nightlife, and sports
Miami boasts a thriving art scene, with an abundance of theaters, movie theaters, symphonies, orchestras, performing-arts conservatories, museums, galleries, and other ways to be educated and entertained. Miami’s annual Basel show is one of the world’s most prestigious art events.
Miami has a reputation of having the best nightlife. It is one of the few places with a 24-hour liquor license and most clubs are open until 5 am. Moreover, Miami hosts some renowned music festivals and events.
There are numerous places for sports and recreation in this fitness-friendly city. Miami residents love spending time outdoors whenever the weather allows it. There is plenty of green space for picnicking, hiking, biking, mountain biking, etc. Not to mention swimming, surfing, kayaking, boat sightseeing, and all the other water related activities you can think of. In addition to hundreds of parks within its borders, the city is surrounded by the Biscayne National Park and the Everglades National Park. If you prefer watching sports, there are several professional teams to cheer on.
Figure 3. Miami is one of the most fun US cities.
Alt: People attending a concert after relocating to Miami.
The food scene is shaped by Miami’s diverse population
The city’s cultural diversity has a huge impact on Miami food scene. Nearly 60% of Miami’s population was born internationally, mainly in Latin countries. Therefore, it is no wonder there are so many authentic ethnic restaurants to choose from. Cuban, Puerto Rican, Colombian, Brazilian – you name it. Be careful though – with so many delicious options, it is hard to stay skinny after relocating to Miami.
Melanie Boyle is a freelance writer and kindergarten teacher. She has been covering a wide range of moving and real estate topics for a couple of years now. In her free time, she likes cooking and camping.