Miami-Miami Beach-Kendall, FL vs Levy County, FL
A 2-bedroom in Levy County costs $1,462 less per month than Miami-Miami Beach-Kendall ($974 vs $2,436). Median income is $73,481 in Miami-Miami Beach-Kendall and $53,805 in Levy County. That's a difference of $17,544 per year in housing costs.
Side-by-Side Comparison
| Metric | Miami-Miami Beach-Kendall | Levy County |
|---|---|---|
| Studio FMR | $1,828 | $735 |
| 1BR FMR | $1,995 | $831 |
| 2BR FMR | $2,436 | $974 |
| 3BR FMR | $3,127 | $1,238 |
| 4BR FMR | $3,613 | $1,290 |
| Median Income | $73,481 | $53,805 |
| Rent Burden | 39.8% | 21.7% |
| Actual Median Rent | $1,770 | $826 |
| Median Home Value | $405,600 | $171,400 |
| Population | 6.1M | 44K |
| Renter % | 39.7% | 20.2% |
| Vacancy Rate | 13.2% | 15.2% |
| Poverty Rate | 13.1% | 17.2% |
| Unemployment | - | 5.4% |
| YoY Change | +4.8% | +7.6% |
| Min Wage | $14.00/hr | $14.00/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Levy County, FL is more affordable with a 2BR FMR of $974/mo, which is $1,462 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 21.7% in Levy County.
A 2-bedroom in Miami-Miami Beach-Kendall, FL costs $2,436/mo at Fair Market Rent, while in Levy County, FL it's $974/mo, a difference of $1,462/mo or $17,544/year.
To afford a 2BR without spending more than 30% of income on rent: Miami-Miami Beach-Kendall requires $97,440/year ($47/hr). Levy County requires $38,960/year ($19/hr).