True to its nickname, Miami is a truly magical city. From beautiful beaches to fun and extravagant parties to the amazing sunny weather, Miami, Florida, has a lot to offer. It is a paradise for people who thrive in bustling city life full of energetic people, fantastic job opportunities, and an excellent lifestyle.
From a fantastic lifestyle to a booming economy, Miami, Florida, offers opportunities for people of all ages. It has multiple diverse neighborhoods, glimmering skyscrapers, and a variety of international cuisines to satisfy the taste buds of all food lovers. Not only this, but you will also get to enjoy a world-class education and healthcare system. The real estate market in the city is also booming due to the influx of immigrants from all parts of the world.
Let’s have a look at some other reasons why so many individuals from all across the globe are planning their move to Miami.
Miami offers a plethora of options for prospective buyers. Start your research by reading our posts on topics relating to buying real estate!
From majestic skylines, a bustling economy, and multiple tourist attractions to scrumptious food, Miami is one of the most lively cities in Florida.
The city itself has a population of over 440,000, but the metro area is home to more than 6 million people (per the 2020 census), Miami is the second-most populated city in Florida. It is also known to have the third-highest skyline in America. Just head to Miami Downtown, and the majestic and panoramic view of the city’s skyline will leave you spellbound. It has remained to be one of the hottest attractions for tourists and residents alike.
Miami is also an incredibly diverse city. It welcomes everyone with open arms and provides them with equal opportunities. You will find people of different ethnicity, nationality, and faiths living and prospering here.
The city has experienced large waves of immigration from inside the US and outside for years. 60% of Miami’s population can speak Spanish, even though English is the official language of the city.
Miami also witnesses a large influx of tourists every year who come to experience the magic of Miami. It is one of the most tourist-friendly cities in the US, and tourism plays a prominent role in the growth of Miami’s economy. The city welcomes a large number of tourists from around the US as well as the UK, Canada, Brazil, and Spain every year. People, especially students from other parts of the US, flock to the city during summer and winter breaks.
So, if you are moving to the city, get used to seeing a large number of people exploring and marveling at the beauty of Miami. From restaurants to bars to beaches, you will come across many tourists every day. If you are moving here from a quiet town, you may find the hustle-bustle of Miami quite attractive.
Being one of the most popular cities in the Sunshine State, Miami is witnessing rapid economic growth. Miami offers multiple business and job opportunities. If you are looking for a fresh start, Miami is the place to be.
So, migrants should make sure to have a decent job offer before planning their move to Miami. On average, you will need to make around $77,000 per annum to live comfortably in the city.
The metro area (which is quite large) includes five Fortune 500 company HQs, including the homebuilder Lennar, the AutoNation chain of dealerships, and Ryder with their famous rental trucks.
Miami is a major port city in the US for shipping and air freight. American Air Lines is one of the area's top employers and Miami boasts major hubs for two big-name cruise lines- Carnival and Royal Caribbean.
The real estate prices in Miami are significantly higher than the national average. As a result, finding the perfect house in Miami can be tough.
The city, like much of Florida, gets a large number of immigrants from other states and internationally competing for housing. And, because of it's several glamorous areas with multi-million-dollar mansions, the median house price appears higher than other cities. Miami has a wide variety of housing varying from thousands of condominiums at all price points to single family homes on or off the water, to lavish mansions in gated communities. Finding the right place at the right price will require the help of an experienced agent- where PrimeStreet can help.
Since Miami has no State income tax and is one of the most popular pro-business cities in Florida, people find it highly attractive to spend their lives here. This further fuels the real estate rates in the city.
No matter what neighborhood you pick, you will have to spend a significant amount of money to buy (or even rent) a good place in Miami.
At the time of writing this article, the median home sales price in the US is about $454,900. However, the median listing price for a decent home in Miami is around $585,000, which is much higher than in other parts of the United States. However, the lifestyle, culture, sunny weather, warm and friendly people, and overall vibe of Miami are worth it.
Simply put, it is nearly impossible to get bored in Miami. Even if you try, you will find it hard to run out of activities to do. The city has many different things that will keep you interested and occupied for years. Whether you love History and Art or you are a party animal, you can easily find multiple activities to enjoy here.
Relax at the stunning beaches and enjoy the natural beauty
Miami has so many beaches that you will have to spend months visiting them. Whether you are looking for a beach with energetic vibes or a beach where you can have some quiet and relax with your favorite book, you can find a beach for your needs.
There is no shortage of natural beauty in Miami. The city is home to some of the most stunning gardens, parks, and marine sanctuaries. For example, go on a family trip to Biscayne National Park. It boasts over 500 protected species of water birds, reef fish, and other endangered species.
You can also visit the famous Kampong botanical gardens. Here you can see and eat over 50 varieties of mangoes. Yes, these wide varieties of mangoes exist in the world. Some other popular gardens you can visit in Miami include Pinecrest Gardens, Miami Beach Botanical Garden, and more.
Try out the world-class food and desserts.
Miami is a foodie’s paradise. The city has a variety of international cuisines, and you can explore and enjoy food from around the world. This Magic City is known for its world-class Cuban food. You can find many restaurants and small food joints serving Cuban food items and drinks literally anywhere in the city.
Marvel at the art, culture, and museums of Miami
If you think Miami is all about noise, celebrations, and loud parties, then the city will surprise you. Yes, Miami loves partying, and most people here thrive on social gatherings, but that’s not all the city has to offer. In fact, The Magic City is one of Florida’s most culturally rich cities.
So, if you want to live in a city with a rich history, you will love being in Miami. The city has a large number of art walls, museums, and other culturally significant places you can visit and enjoy with your family and loved ones.
Visit popular bars and taste the best cocktails
Miami’s bars and their cocktails need no introduction! There are plenty of fantastic bars and clubs in every nook and cranny of the city, so you will never be out of options for your next drink place. So whether you want to celebrate with your colleagues or take your partner out on a fancy date, there are plenty of places for all occasions.
For example, you can visit The Sylvester to experience the perfect blend of modern and old Miami. They have some of the best cocktails and quick bite options that will leave you thoroughly impressed. One of the best things about this bar is its vintage, antique, and vibrant decor that will take you back in time and give a glimpse of the classic Miami charm.
Make sure not to miss the exceptional Café La Trova in Little Havana. Regarded as one of the best cocktail bars in the World, Café La Trova offers some of the best selection of classic as well as creative cocktails. For something simpler, you can enjoy a world-class mojito or taste the award-winning “Buenavista” cocktail.
Enjoy the nightlife, have fun at parties, and live your best life (quite literally!)
The heart and soul of Miami can be described in two words: Beaches and Nightlife. The nightlife scene of Miami is second to none. It is as glamorous as the parties you enjoy in Los Angeles while being totally unique at the same time.
According to travel experts, Miami is a city that never sleeps or gets tired. People here are full of life and energy and want to make the best of each day and night. So whether you are a social bird and a party animal or someone who enjoys the quiet, the nightlife of Miami is something everyone should enjoy once in their life.
On the weekends, especially Saturdays, you can head to Hyde Beach or Delano South Beach to enjoy lively pool parties. If you are lucky, you will be able to spot some celebrities here as well.
On the other hand, if you are a fan of rooftop or bar parties, Miami has something for you too. You can head over to the Astra, Sugar, or The Rooftop at 1 Hotel to enjoy some delectable cocktails, party your heart out and watch the glorious sunset and Miami’s skyline.
Overall, you can spot multiple parties going on almost every day in Miami. And so, if you love meeting new people and thrive on social gatherings, you will absolutely love living in Miami.
Miami is home to several professional sports teams and venues, offering a variety of options for sports fans. Here are some of the most popular professional sports teams and events in the Miami area:
These are just a few examples of the professional sports events and teams that you can see in the Miami area. Whether you are a fan of football, basketball, baseball, soccer, or tennis, there are plenty of opportunities to enjoy live sports in the Miami area.
While everything about Miami sounds dreamy and oh-so-perfect, the most important question is: which neighborhood should you pick as your haven while planning to move to Miami?
Miami is filled with a large variety of diverse neighborhoods with their own attractions, benefits, and qualities. So, you will never be short of choices when it comes to picking a place of your own here. Whether you want to live in a quiet and family-friendly neighborhood with excellent schools nearby or you want to have a home close to the beach, Miami has something for everyone.
Miami is more than just one location. The metro area extends up to West Palm Beach in the north and stands as the gateway to the famous Keys. Each area has its distinct vibe and benefits.
In this section, we will walk you through some of the best neighborhoods in and around Miami where you can buy or rent a house.
Downtown Miami is hands-down one of the best neighborhoods in not only Miami but the entire state of Florida. It is also one of the fastest-growing places in the whole USA.
Downtown Miami is suitable for young professionals searching for a lively and super-energetic place neighborhood close to their workplace. Living here, you will have access to the stunning view of Miami’s skyline and natural beauty all year round. You can also visit the Bayfront Park for the majestic views of the city’s waterfront.
Most local, national, and international companies have their offices in Downtown Miami. Further, you will also find the city’s restaurants, pubs, clubs, bars, and shopping centers here. Thus, if you want to make the most of Miami’s nightlife, you will find the best bars and party places in Downtown Miami. Being one of the trendiest places in the city, you can find several stylish and modern apartments in Downtown Miami.
The region’s job market is also booming at a rapid pace. A lot of people travel to Downtown Miami every day as their workplace is located here. So, buying or renting a house here will definitely help you save a lot of time and money on fuel or transport fares.
However, due to its ever-increasing popularity, real estate prices in Downtown Miami are soaring. You can find a decent one-bedroom apartment for around $598,000 here.
Are you looking for an aesthetically pleasing neighborhood with plenty of natural beauty that is close to Downtown Miami? If yes, Coconut Grove is an ideal place for you. Coconut Grove is popular for its breathtaking Italian Renaissance-style villas that will give you a feeling of living in Italy itself.
Coconut Grove is also the oldest neighborhood in Miami and is very close to the University of Miami. This is one of the reasons you will find many studies flocking to the neighborhood and entering their places here. In addition, it has a warm and friendly community of people who will make you feel at home instantly.
The place also has various exciting activities going on. You can visit the weekly Saturday Framer’s Market to buy fresh fruits and veggies every week. Coconut Grove also has a fantastic annual Coconut Grove Art Festival, one of the locals’ hottest activities.
The best thing about Coconut Grove is that it is neither too loud nor too quiet. The place’s vibe is somewhere in the middle. So, you can find plenty of bars and party places for weekends without being disturbed by the constant noises and distractions during the weekdays. However, the number of bars, lounges, and entertainment options is pretty limited. But since you will be just minutes away from Downtown Miami, it won’t affect you much.
Coconut Grove isn’t a super bustling or the most lively neighborhood in Miami. Thus, the house prices are slightly lower compared to some other popular neighborhoods in Miami. The house price for a good one-bedroom apartment in Coconut Grove is $485,000. In case you are looking for a decent rental place here, you can find one for $680 per week.
If you want to move to Miami with your family and are looking for a quiet and family-friendly neighborhood, Little Havana will not disappoint you. The best thing about this region is its diversity. Initially, Little Havana used to be the home to Cuban refugees. With time, Little Havana developed and evolved into a beautiful, diverse, warm neighborhood where you will love living.
Due to its diversity, you can find a variety of unique things here. For example, the place is home to one of the best Latin American dining places. If you want to experience authentic Cuban vibes, you will find them here at Little Havana.
Buying a house here is not as expensive as in Downtown Miami. In fact, Little Havana is amongst the most affordable neighborhoods in Miami. According to the prices on Realtor.com, you can buy a three-bedroom apartment in Little Havana for $450,000. A one-bedroom apartment in Downtown Miami is way more expensive than this.
Coral Gables is one of the oldest and most iconic cities in Miami-Day County. It was founded in 1920 and inspired by Venice and Granada’s gorgeous architecture. Living here, you can access top-notch and well-manicured sprawling green areas, Mediterranean-style buildings, and beautiful waterways.
If you dream of living in a charming town with historical vibes, Coral Gables is for you! One of the best things about this region is how peaceful, safe, and friendly it is. It has some excellent schools nearby. The University of Miami is here too.
People here are extremely warm and welcoming and always after others. This makes Coral Gables one of the safest areas of Miami. So, you can let your kids walk to their schools or play in public parks without worrying about their safety.
Even though it is one of the oldest neighborhoods in the city, it has all the necessary amenities you will need. You can find world-class restaurants, upscale shopping places, boutiques, museums and galleries, stunning waterfront views, and whatnot!
Some of its most popular attractions include:
The place is also popular amongst financial companies. Various national and international firms have their headquarters in Downtown Coral Gables. So if you are looking for a job in the finance industry or want to set up your own business, Coral Gables is worth considering.
The real estate prices are moderate here and will largely depend on the area you choose as your home. Downtown Coral Gables has the most expensive properties. On average, you can find an excellent one-bedroom home for around $330,000 here.
If all those travel blogs and Pinterest posts have made you dream about living a beach-style life, the iconic South Beach will turn your dream into reality. Due to its energetic and glamorous vibe, South Beach has become popular all around the world. The super famous Art Deco Welcome Center and Museum are also located here.
Due to its charming homes, world-popular beaches, and nightlife, South Beach has been incredibly popular amongst celebrities and ultra-wealthy people of the country. Many celebrities have their homes and businesses in this part of Miami.
However, this doesn’t mean that the neighborhood isn’t for everyone. In fact, you can find an interesting mix of people from different ethnicities living here peacefully.
As its name suggests, beaches are the heart and soul of South Beach. The neighborhood has multiple stunning beaches of various kinds. From white-sand beaches to beaches with glorious turquoise water, you will find numerous options here. The neighborhood’s beaches are also a hot spot for parties and socializing. If you want to witness Miami’s famous nightlife in its true glory, just head over to any beach in the region.
The place also has some fantastic shopping places, family restaurants, coffee shops, and clubs that stay open all night. The options are literally endless in South Beach, Miami. Because of the super energetic folks and tons of activities going around all year round, every day feels like a celebration in South Beach. So if you thrive on living a super social life, very few places are as good as this neighborhood.
One of the best things about this neighborhood is its accessibility. It is a pedestrian-friendly place where you will not need your car for every little thing. Instead, many people prefer to go about their day on bikes and scooters.
Due to all the glamorous lifestyle, high-end homes, and celebrities living here, the real estate prices are very high here. So if you are looking for a good home with all the facilities and modern features, you will have to spend around $500,000 for a two-bedroom house, depending on the place you choose.
Are you a laid-back individual who believes whose mantra is to relax and enjoy life without worrying too much about things?
If yes, then welcome to Aventura! It is easily one of the top three neighborhoods (or rather cities) in Miami. It is a hidden gem that has managed to preserve itself from the extreme hustle-bustle of Miami. While the place offers many opportunities for fun and entertainment, its appeal lies in its quiet and relaxed vibe.
If you crave a suburban vibe with sprawling green fields, excellent food, and plenty of shopping places and don’t mind living a bit further from the main Miami city, look no further! Aventura is located in the northernmost part of Miami-Dade County and offers incredibly safe and clean places that will win your heart immediately. Aventura is located 12 miles north of Miami. This places you in a convenient spot to reach the city without much trouble.
It is also one of the first properly planned upscale communities of Miami-Dade County. You can easily find charming single-family homes as well as condos and apartments. The real estate is moderately priced. You can find a good two-bedroom apartment for around $420,000 here.
Hollywood, Florida is a coastal city known for its beautiful beaches, including the famous Hollywood Beach: a two-and-a-half-mile stretch of sand and surf along the Atlantic Ocean.
The city also has a vibrant downtown area with a variety of shops, restaurants, and entertainment options, as well as parks and golf courses. There are also several museums and cultural attractions in the area, including the Art and Culture Center of Hollywood, the Museum of Discovery and Science, and the Anne Kolb Nature Center.
Additionally, Hollywood is a popular destination for boating and water sports enthusiasts, with several marinas and boat rental facilities in the area. Overall, Hollywood offers a laid-back, sunny beach lifestyle with plenty of opportunities for outdoor recreation, relaxation, and entertainment.
Here are some factors that may make Fort Lauderdale a good place to live:
According to Zillow, as of September 2021, the median home value in Fort Lauderdale was $468,280, which is a 17.7% increase from the previous year. It's worth noting that the housing market across the United States has been very competitive in recent years, with low inventory and high demand leading to significant price increases in many areas.
The specific price of a house in Fort Lauderdale can vary widely depending on the location, size, and condition of the property. Some of the most expensive neighborhoods in Fort Lauderdale include Harbor Beach, Rio Vista, and Las Olas Isles, while more affordable areas can be found in neighborhoods like Coral Ridge and Imperial Point.
It's important to keep in mind that housing prices can fluctuate over time, so if you're interested in buying or selling a home in Fort Lauderdale, it's best to consult with a local real estate agent who can provide you with up-to-date information and advice.
Boca Raton is known for its upscale, luxurious lifestyle, and is often referred to as one of South Florida's most affluent communities.
Boca Raton is home to a number of beautiful beaches, including Red Reef Park and Spanish River Park, which offer great opportunities for swimming, sunbathing, and water sports. The city is also known for its excellent shopping, with several upscale shopping centers, boutiques, and designer stores.
In addition, Boca Raton has a rich cultural scene, with several museums, art galleries, and performing arts venues, as well as a vibrant nightlife and dining scene. Golf is also very popular in Boca Raton, with several top-rated courses in the area. Overall, Boca Raton offers a relaxed, yet upscale and sophisticated lifestyle, with a focus on outdoor recreation, culture, and luxury.
According to Zillow, as of September 2021, the median home value in Boca Raton was $498,163, which is a 17.4% increase from the previous year. The specific price of a house in Boca Raton can vary widely depending on factors like location, size, and condition, but it's not uncommon for homes to be priced at over a million dollars in many of the city's upscale neighborhoods.
The housing market in Boca Raton is also be competitive at the time of this writing, with a relatively low inventory of available homes for sale and high demand from buyers. However, there are a variety of housing options in the city, ranging from large single-family homes to townhouses and condos.
In addition, Boca Raton has a number of new developments underway, including luxury high-rise condos and mixed-use communities, which may offer additional options for those looking to buy or rent in the area.
Overall, while the housing situation in Boca Raton can be expensive, the city is known for its high quality of life and attractive amenities, including beautiful beaches, top-rated schools, and a variety of cultural and recreational opportunities.
West Palm Beach is part of the larger Miami metropolitan area, and is known for its vibrant arts and cultural scene, as well as its beautiful beaches and lush parks.
The city is home to several museums, including the Norton Museum of Art and the South Florida Science Center and Aquarium, as well as a thriving theater district, with several performing arts venues and live music clubs. West Palm Beach also has a bustling downtown area, with a variety of shops, restaurants, and entertainment options, as well as several popular green spaces, such as the Flagler Drive Waterfront and the Ann Norton Sculpture Gardens.
Additionally, the city is located near several popular tourist destinations, such as Palm Beach Island and the Everglades, offering plenty of opportunities for outdoor recreation and adventure. Overall, West Palm Beach offers a lively, cosmopolitan atmosphere with a rich arts and cultural scene, beautiful parks, and easy access to some of South Florida's best attractions.
According to Zillow, the median home value in West Palm Beach as of September 2021 was $322,732, which is a 20.9% increase from the previous year. However, it's worth noting some neighborhoods in West Palm Beach may be more affordable than others.
Some of the more affordable neighborhoods in West Palm Beach include Northwood Hills, Northwood Shores, and Roosevelt Estates, where the median home values as of September 2021 were between $180,000 and $300,000. In contrast, some of the more expensive neighborhoods in West Palm Beach include Southland Park, El Cid, and Flamingo Park, where the median home values were between $600,000 and $1,200,000.
It's also worth noting that there are a variety of housing options in West Palm Beach, ranging from single-family homes to condos and apartments, and that rental prices may be more affordable for those who are not looking to buy a home.
Overall, while housing prices in West Palm Beach may be relatively high, there are still some affordable housing options available, especially in certain neighborhoods. As always, it's important to consult with a local real estate agent who can provide you with more detailed information and help you find the right housing option for your budget and needs.
So there you have it! That was our complete guide for moving to Miami and everything it entails. We hope you found this helpful and that we were able to give you a clear idea about life in Miami.
If you have finally decided to relocate to The Magic City, there are multiple things you will need to take care of. For starters, the first step for planning your move to Miami is deciding where you want to live.
You need to pick the right neighborhood that is well-connected with public transportation, in case you don’t want to travel too far with your car. If you have kids, choosing an area close to good schools should be a priority. Make sure to do thorough research about the above-mentioned neighborhoods and what they offer.
Once you have that sorted, it’s time to start looking for the perfect house. Of course, if you live alone and want to save some bucks, you can easily find some good rental places in the city. However, if you prefer to buy your dream house in The Magic City, we at PrimeStreet can help you!
We have an in-house team of experts who have been helping people find their dream homes and move to Miami for years. Our team is well-versed in every aspect of moving to Miami, Florida. We have years of experience working in the real estate market in Miami and various other cities in the US.
How Can We Help You Move to Miami?
We know finding the right house in a completely new city can be overwhelming. That is why our real estate agents work hard to take the stress off your shoulders and help you find the best and safest place quickly.
Simply fill out the form mentioned below, and one of our team members will be in touch with you as soon as possible.
You can also call us at 855-531-5347 and talk to one of our experts. They will ask you some simple and relevant questions about your housing needs and expectations, your budget, the type of neighborhood you want, and how soon you want to move to Miami.
We will then use that information and let our smart algorithm do the work. It will match you with the perfect real estate agent with the right knowledge, experience, and connections in the local housing market in Miami, Florida.
At PrimeStreet, we can also help you find a lender. All you need to do is call us at the phone number mentioned above, and our team will get in touch with you soon.