Much like the surrounding areas, it is substantially less expensive compared to the rest of the country. Compared to the city of Kansas City, it's significantly less expensive.
Home prices
The median home cost in Miami is $60,600. Compared to its nearby areas this is is very similar.Compared to the rest of the country it is roughly $156,900 (72%) lower, and compared to the city of Kansas City it is about $94,000 (60%) lower.
Rents
The median monthly rent in Miami is $450. In comparison to its surrounding areas it is approximately $182 (28%) lower.It is about $612 (57%) lower compared to the US as a whole, and it is about $491 (52%) lower in comparison to the city of Kansas City.
Nearby places
Brunswick
Brunswick is about 8 miles northeast from Miami. Housing prices there are similar. The median home in Brunswick is valued at $60,000, which comes out to $600 (1%) lower than Miami. Its rents are similar. The median rent in Brunswick is $445 a month, which is $5 (1%) lower than Miami.
Slater
Slater is approximately 10 miles southeast from Miami. Its real estate prices are a little more expensive. The median home value in Slater is $64,300, which works out to $3,700 (5%) higher than Miami. The rent there is a bit more expensive. The median rent in Slater is $578 per month, which works out to $128 (22%) higher than Miami.
Bosworth
Bosworth is approximately 11 miles northwest from Miami. Real estate prices there are substantially less expensive. The cost of the median home in Bosworth is $42,700, which is $17,900 (41%) lower than Miami. Its rents are substantially more expensive. In Bosworth the median rent is $808 per month, which works out to $358 (44%) higher than Miami.
Gilliam
Gilliam is approximately 11 miles southeast from Miami. The housing prices there are a bit more expensive. The median home price in Gilliam is $65,700, which works out to $5,100 (7%) higher than Miami. Rents there are significantly more expensive. The median monthly rent in Gilliam is $663, which comes out to $213 (32%) higher than Miami.
Carrollton
Carrollton is approximately 12 miles west of Miami. Housing prices there are somewhat more expensive. The cost of the median home in Carrollton is $72,500, which is $11,900 (16%) higher than Miami. Rent there is substantially more expensive. The median rent in Carrollton is $667 per month, which is $217 (32%) higher than Miami.
