If you have decided to move to the land of sunshine, beaches, and relaxation (aka Miami), there are probably a lot of questions you may have about the relocation process. The most important question being: How much does it cost to move to Miami?
While the exact moving costs will vary from situation to situation, everyone who decides to move to Miami will need to consider the following when calculating the potential expenses of moving to one of America’s favorite cities.
Professional Movers vs. DIY Moving Costs
How you move from your current location to Miami will largely dictate the initial costs of relocating. For example, if you are a family moving to Miami, chances are you have accumulated enough stuff to require the services of a professional moving company.
Full-service moving experts specialize in a variety of moving services which can include:
- packing up the entire contents of your home
- disassembling and reassembling furniture
- special handling of oversized objects such as pianos or pool tables
- loading and unloading moving trucks
- transporting your belongings to the destination
With a moving company, much of the hardest parts associated with relocating your belongings can be done for you so that you can focus on other more pressing relocation tasks.
The overall cost of moving services will depend on how much you need them to help you. For example, you might pay more for a complete moving service that handles all of the logistics of getting your belongings from point A to B.
On the other hand, you might save some money by hiring a moving service to only transport a truck or moving pod you packed yourself.
Moving services can also assist with just the aspects of loading or unloading so that you can use the rest of your budget for other parts of the moving process.
If you can handle the logistics of disassembling furniture and packing it up yourself in a vehicle you own or rent, then the costs associated with the initial relocation may include:
- Packing materials such as boxes, tape, bubble wrap, and rope
- Truck or trailer rental fees
- Gas fees for your vehicle
- Travel accommodation
The costs of these items will depend on how much stuff you have, the gas mileage of your vehicle, and the type of accommodation you need for you and any travel companions such as friends or family.
Moving companies will usually consider any move 100 miles or more from the departure to be a long-distance move. National averages estimate that the cost for a long-distance move can be anywhere between $2400-$5600 depending on the number of items you need to move.
For moves under 100 miles, the cost of a moving company can be much cheaper, making them even more cost-effective for those that live in a different part of Florida and want to relocate to Miami.
Potential Costs After the Move
In addition to the cost of the actual moving of your belongings from one location to Miami, it is essential to consider additional costs that you may incur after arriving.
For example, if you are moving to Miami but your home is not ready, you may need to pay for a storage unit to hold your belongings until you can move into your new place.
Storage units in Miami average about $260 per month for a 10’x10′ space. Prices increase for larger storage spaces and can run as high as several hundred dollars a month for a storage space that holds a three-bedroom home’s stuff.
Furthermore, you may need to pay additional vehicle registration and permit fees for moving vehicles larger than 8′ high or 20′ in length if you plan on parking them in a residential zone for more than 24 hours.
While Miami-Dade County regulations allow for the parking of smaller storage vehicles in residential neighborhoods without charge, larger vehicles can incur heft fines if the proper permits are not secured before the move.
Start-Up Rental Costs
Don’t forget that your move to Miami will probably require a deposit for rent, utilities, cable, etc.
The average cost of rent for a one-bedroom home or apartment is approximately $1200-1400 per month. For larger homes and luxury condos, rent can run from $2000-$5000 per month.
Landlords will typically require the first and last month’s rent as a deposit, so be sure to factor that into your initial start-up costs when moving to this vibrant city.
If you don’t already have a job lined up, you will want to have enough savings to cover yourself until you receive regular paychecks.
Fortunately, the job market is continually growing in Miami, and finding a job isn’t difficult, especially if you have skills in high paying fields such as:
- Real Estate
- Computer Science
It is estimated that Miami residents need anywhere between $40-$75 thousand dollars to live comfortably in the city, depending on their lifestyle, number of dependents, and budget.
Frequently Asked Questions
Do I have to pay income taxes in Miami?
No. In fact, the state of Florida has no personal income tax requirements. This means that you have 5-15 percent more buying power in Florida than you do in other states with heavy tax burdens. Additionally, there is no tax on groceries, household medical supplies, or retirement benefits such as Social Security.
What is the best way to get to Miami?
If you live outside of Florida and have hired a moving company in Miami to transport your belongings, the best way to get to Miami is to fly into Miami International Airport. It is a central hub serviced by most airlines and provides a fast and affordable way to get to the city. Alternatively, you can drive to Miami by car using many of the major interstates in the country.
What is there to do in Miami?
Miami is a city full of culture and diversity. This city has something for everyone between the beaches, nightlife, theme parks, sports teams, universities, art galleries, and museums. Additionally, it is the gateway to Latin America with many great opportunities to explore nearby countries such as Cuba, Haiti, or the Dominican Republic.