Cost of Living in Miami

Topics: Economics, Costs, Cost curve Pages: 2 (673 words) Published: March 17, 2013
January 12, 2012

Saving Money in Miami
Miami is a wonderful city. However, living in Miami has some disadvantages because it is a tourist destination. That means the cost of living in Miami is higher than many other U.S. cities. According to, Miami is in the top six most expensive cities in the U.S. The average cost of living is approximately $51,500 (Chapple, 2012). Although Miami is an expensive city, there are several ways to save money. Clothing, transportations, and entertainment are three areas where people can reduce expenses.

Saving money on clothes is an important way to reduce expenses. We do not need to buy expensive clothes to look great. We can go shopping in outlets, wait for sales, go to discount stores, and shop online. Another way to save money on clothes is by keeping them longer. For example you can wash clothes once a week instead of twice a week and you will be saving water and electricity too. Instead of wasting money, we can actually make money with the clothes we have. We can have a garage sale, sell the clothes to a thrift store, or we can sell the clothes online. These are just a few ideas about saving money with clothing, but there are so many ways that we can use to avoid an expensive life. Transportation can be very expensive in Miami, but there are a few possibilities to save money. Using public transportation such as busses, trains, and metros is a way to save money. For example, if a person needs to go downtown buying a metro pass is less expensive than using the car. “Passengers can purchase one-way train fairs between Miami and Ft. Lauderdale for only $2 - $5 dollars”(Sladky, 2008). On the other hand buying a new car is a way to spend a lot of money. However getting a used car is an option to save. For instance, a hybrid car saves a lot of gas and money. Walking is a possibility to reduce the use of gas. For example, if a person lives near a supermarket or a shopping center, it is better to...
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