Miami-Miami Beach-Kendall, FL vs Fort Lauderdale, FL
A 2-bedroom in Fort Lauderdale costs $103 less per month than Miami-Miami Beach-Kendall ($2,333 vs $2,436). Median income is $73,481 in Miami-Miami Beach-Kendall and $73,481 in Fort Lauderdale. That's a difference of $1,236 per year in housing costs.
Side-by-Side Comparison
| Metric | Miami-Miami Beach-Kendall | Fort Lauderdale |
|---|---|---|
| Studio FMR | $1,828 | $1,737 |
| 1BR FMR | $1,995 | $1,900 |
| 2BR FMR | $2,436 | $2,333 |
| 3BR FMR | $3,127 | $3,216 |
| 4BR FMR | $3,613 | $3,810 |
| Median Income | $73,481 | $73,481 |
| Rent Burden | 39.8% | 38.1% |
| Actual Median Rent | $1,770 | $1,770 |
| Median Home Value | $405,600 | $405,600 |
| Population | 6.1M | 6.1M |
| Renter % | 39.7% | 39.7% |
| Vacancy Rate | 13.2% | 13.2% |
| Poverty Rate | 13.1% | 13.1% |
| YoY Change | +4.8% | +11% |
| Min Wage | $14.00/hr | $14.00/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Fort Lauderdale, FL is more affordable with a 2BR FMR of $2,333/mo, which is $103 less than Miami-Miami Beach-Kendall at $2,436/mo. However, when considering local incomes, Miami-Miami Beach-Kendall has a rent burden of 39.8% vs 38.1% in Fort Lauderdale.
A 2-bedroom in Miami-Miami Beach-Kendall, FL costs $2,436/mo at Fair Market Rent, while in Fort Lauderdale, FL it's $2,333/mo, a difference of $103/mo or $1,236/year.
To afford a 2BR without spending more than 30% of income on rent: Miami-Miami Beach-Kendall requires $97,440/year ($47/hr). Fort Lauderdale requires $93,320/year ($45/hr).