Quick facts: Miramar, FL

Quick Facts

107.5
Cost of Living
above US average
137,228
Population
13.47
Crime Rate per 1000
below US average
$81,812
Median Income
above US average
$345,000
Median House Price
above US average
$2952.79
Average Rent
above US average
13%
Poverty Rate
above US average
3.4%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $81,812.

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Income Needed to Buy

βœ— Stretch
$108k/year
Based on $345,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $108k vs median $81,812
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Income Needed to Rent

⚠ Stretch
$127k/year
Based on $2952.79/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $127k vs median $81,812
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Miramar, FL

Miramar, Florida, is a vibrant city located in Broward County, situated between Fort Lauderdale and Miami. Established in 1955, it has rapidly evolved from a small community into a bustling urban center. Miramar is known for its diverse population, with a rich cultural tapestry that influences the city's community events, cuisine, and local businesses. The city boasts a number of parks and recreational facilities, including the popular Miramar Regional Park, which features sports fields, picnic areas, and a lake for fishing. Miramar is home to several annual events, fostering community spirit and engagement. In terms of education, Miramar has access to numerous public and private schools, making it a family-friendly area. The city also features a growing business district, with various shopping centers and entertainment options enhancing the local economy. Transportation is convenient, as Miramar lies near major highways, allowing easy access to Greater Miami and the surrounding areas. With its strategic location, educational opportunities, and community-oriented atmosphere, Miramar remains an appealing destination for residents and visitors alike.

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