To Live “Comfortably” in Miami, You Need to Make $77,057 ($46K More Than the Median Income)
According to a financial rule of thumb, a person should spend about 50 percent of his or her after-tax income on necessities. That includes things like rent, food, utilities, health care, and transportation. Another 30 percent should be spent on discretionary purchases, and the remaining 20 percent should be stashed…