Why Do New Yorkers Love Miami So Much?

Why Do New Yorkers Love Miami So Much?

Jul 08, 2017 July 08, 2017

Moving to a warmer climate isn't just for retired snowbirds anymore. New Yorkers of all ages have been relocating to Miami of late, with enough culture and industry to make New Yorkers feel right at home.
 
Let’s see the top reasons why more and more New Yorkers are getting spellbound by Magic City:


Warmth, Beaches and Beautiful Weather

This one is a classic. When anyone talks about moving down South, they're mostly thinking about the beaches and gorgeous tropical weather. New York City can have brutal winters with temperatures dipping well below freezing. The summers are almost as hot as Miami, but they're also stifling since skyscrapers block any hope of a breeze. Pedestrians can only pray for a blast of air conditioning from the stores they pass.
 
Winters in Miami are not actually cold – to New Yorkers they feel more like spring or even summer. Even the year-round heat isn't so bad because it's alleviated by the cool ocean breeze if you live near or on the waterfront in Miami (which you should!). Plus, who wouldn't want everyday access to Miami’s vacation-worthy beaches? New York has popular beaches, but the water is way too cold for swimming most of the year. More often than not, the ocean doesn't warm up until July.

Miami Surfside

Good Vibrations, Easy Pace

New York City is notorious for its fast-paced way of life. People constantly feel the pressure to “make it” in “the city that never sleeps”. Money doesn't go far due to the high price of...well, everything. (I’ll talk about that in a bit.) This vibe even extends to the sidewalks, where people walk as fast as they can to get wherever they need to go. If you need to stop to check your phone, move out of the way, because someone might crash into you.
 
That harried lifestyle vanishes in Miami. The city is packed full of peaceful, suburban, urban and waterfront neighborhoods. Young professionals gravitate towards Brickell, “The Manhattan of the South”, which provides a rather relaxed atmosphere and an excellent restaurant scene. And, for when one feels burnt out, the perfect white sand beaches of Miami stand calling with towel service.
 
There's even statistical proof that life in Miami will make you feel better. Forbes.com named Miami the cleanest city in the United States in 2008 for its “healthy ozone levels, low pollution and high-quality water”. This year, Florida again featured in America’s Top 10 Clean Cities list by realtor.com, while New York ranked in the top ten most polluted cities.

Brickell Miami

Easier On Your Wallet

While Miami might feel more expensive than much of the U.S., it definitely is more affordable than New York City. First of all, there's zero personal income tax in Miami or Florida. However, you will have to shell out anywhere between 4 and 8.82 percent on your earnings in New York for tax year 2016-17. Miami also doesn’t have any inheritance or estate tax. On the other hand, for estates (inheritances) received in excess of $4,187,500, you will owe the State of New York anywhere between 5 and 16 percent of the property value, even if you manage to avoid the Federal Tax. Furthermore, the sales tax in Miami is 7% compared to New York City's 8%. Plus, even a cappuccino, meal for two, pair of jeans, movies, groceries and going to school is cheaper in Miami (full report here, numbeo.com).

Speaking of houses, as of 2016, $1 million dollars could only fetch you a 750-square-foot SoHo apartment in Manhattan. However, the same price could buy you a 2,764-square-foot Mediterranean home in Coconut Grove, complete with marble walls, porcelain floors and opulent chandeliers. Now let's compare hotspot Brickell to Manhattan. As of 2016, the median sale price for condos in Manhattan was $1,108,500, whereas in Brickell it was less than one-third of that at only $360,000 (according to Southeast Florida MLS).

Home in Miami

Millionaire’s and Billionaire’s Playgrounds

With events like Art Basel and Yachts Miami Beach, Miami welcomes multi-millionaires from all over the world, as New Yorkers are accustomed to. There are also pre-construction condos to invest in, yachts to sail, luxury events to attend and luxury shopping to indulge in - wealthy New Yorkers can fit right in. In fact, an article in the Miami Herald reports that Krug, a major champagne producer, lists Miami as its second most valuable city in the U.S. after -- you guessed it -- New York City. Many other luxury brands were mentioned in the Herald article with similar sales successes in Miami.

Miami Fort Lauderdale canal yacht

Culture and Cuisine

For art buffs, Miami offers more than Art Basel. The city actively supports and promotes its artists. Wynwood and the Design District in particular celebrate creativity and culture. Both neighborhoods feature tours and dozens of permanent galleries between them. The renowned Wynwood Walls showcase amazing street art. Other than that, there’s plenty of culture and socialization to be found between Miami Beach, Downtown and the Arts and Entertainment District.
 
As for cuisine, Miami is known for its fabulous Cuban food, but celebrity chefs flood the city with their brands. Your favorite New York dinner spot (or your favorite chef) probably has a sister restaurant in Miami. The phenomenon traces back to the South Beach Wine & Food Festival, which partnered with New York-based Food Network in 2007. The most famous chefs in the country fly down every February to sample the best Miami has to offer.
 
Sometimes, they also stay to open restaurants. Chef Geoffrey Zakarian runs several in NYC and Florida, including the brand-new Point Royal at the Diplomat Beach Resort. Back in 2010, Chef Daniel Boulud brought his iconic DB Bistro Moderne to Downtown. French Chef Jean-Georges Vongerichten is also set to bring his ABC Kitchen down from New York. Stephen Starr’s NYC-based Upland will be getting an off-shoot in South of Fifth, with Chef Justin Smillie leading the kitchen. Then there’s also the Il Mulino New York in South Beach, Scarpetta in Mid-Beach and Employees Only cocktail bar in South Beach.

Wynwood Miami

New Yorkers Love New York and New Yorkers!

Last but not least, most New Yorkers absolutely love their hometown and their hometown brethren. And since there are so many New Yorkers here, nowhere else in the world do they feel more at home than Miami. So, if you're a New Yorker searching for a second home, or daring to leave for good, give Miami a try. You certainly won't be alone!

Contact Us
Sep Niakan
Broker / Team Lead
(305) 697-7667
sep@blackbookproperties.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

no image
Preconstruction March 2024: Miami New Development and Pre-Construction Condo Update
Four iconic condo projects launched sales this March. From Miami’s first rock and roll-themed Rider at Wynwood to Coconut Grove’s exclusive Four Seasons Residences, every condo project has been curated to offer a unique lifestyle in Miami’s evolving residential landscape. This March, hypercar maker Pagani announced its first-ever residential venture in partnership with Riviera Horizons. Four highly anticipated projects broke ground, including 600 Miami Worldcenter, JEM Private Residences, and Origin by Artefacto. And a key ruling that could impact condo bulk buyouts across South Florida was also revealed. Read on below for details on these and more exciting updates in our Miami pre-construction market roundup for March 2024: Sales Launched Four Seasons Private Residences – Coconut Grove The Rider at Wynwood – Wynwood La Maré Bay Collection – Bay Harbor Islands Solina Bay Harbor – Bay Harbor Islands To Be Launched Pagani Residences – North Bay Village One Twenty...
The Most Luxurious Condo Buildings in Coconut Grove
Real Estate News The Most Luxurious Condo Buildings in Coconut Grove
Coconut Grove is not just about rich foliage, Florida bungalows, and old Spanish or Mediterranean estates. It’s also home to a growing number of thoughtfully designed luxury residences crafted by world-renowned architects.  For a taste of this historic neighborhood and its plush properties, we’ve listed the five most luxurious (and most expensive) projects that perfectly fit your Coconut Grove condo for sale search goals, plus exciting pre-construction condo projects around the area that set the bar high for phenomenal living in this elegant and highly desirable bayfront part of Miami. — Why Choose Coconut Grove? The partly coastal neighborhood of Coconut Grove sits along Biscayne Bay and is characterized by lush, tropical foliage and a relaxed yet sophisticated bohemian vibe. Its collection of boutiques, unique shops, colorful cafés, diverse restaurants, historical venues and estates, nationally ranked schools, lush parks, and cultural events like the Coconut Grove Arts...
Best Pre-Construction Miami Condos with Private Marinas
Preconstruction Best Pre-Construction Miami Condos with Private Marinas
Miami stands out as an internationally acclaimed haven for boat owners. It offers vast stretches of pristine turquoise waters, ideal for unforgettable days of sailing, cruising, sport fishing, and nautical adventure. And one of the most coveted treasures of living in Miami is the opportunity to dock your vessel at your own private marina or boat slip, just steps from your residence.  However, many existing Miami condos with a boat slip for sale are often in older buildings, making them not as desirable as a brand-new, pre-construction condo, where you would be the first to live in a new, luxurious waterfront condo building. So we’ve done your homework for you, and in this guide, we’ve created a list of the best pre-construction Miami condos with private marinas.  — What to Know About Mooring Your Boat in Miami Although boating in Miami is a highly popular activity, securing a spot for your boat can be challenging, inconvenient, and lack exclusivity. Depending on your vessel’s...
Save on Your Miami & Florida Property Taxes with This Video!
Real Estate News Save on Your Miami & Florida Property Taxes with This Video!
Did you know that property taxes can’t ever increase more than 10% for investors in Florida? Information nuggets like this can easily shave thousands of dollars off your property tax bill in South Florida! In our latest video, Sep Niakan, founder and lead broker of Blackbook Properties, talks to CPA and Miami tax expert, Christian Daulong about the simplest ways to save money on your real estate taxes in Miami, Florida. There’s a lot to take away from this, so permanent residents, second homeowners, and investors, take note!     As a Miami homeowner, we want what’s best for YOU! That's why we’re sharing our top Florida property tax tips (try saying that fast!) for primary homeowners, second homeowners, and even investors. With these recommendations, you’ll make the most out of your South Florida property, so you can fully immerse in Miami’s vibrant culture and beautiful beaches smartly and with financial peace of mind. Learn how to maximize your benefits from the Homestead...
Where to Find the Lowest Property Taxes in Miami
Opinions and Advice Where to Find the Lowest Property Taxes in Miami
Miami’s growth has skyrocketed over the years as more people choose to live here for its incredible weather and low taxes. But many people considering buying Miami real estate wonder what the property tax rates in Miami are. Moreover, most people don’t love talking about property taxes. When looking for a home, buyers focus more on living aspects, like the square footage, layout, amenities, outdoor space, or kitchen upgrades. Still, buyers must pay attention to property tax rates as part of their purchase and, once they become owners, as part of their budget. If you’re considering buying a condo or house in Miami or Miami Beach, this guide will help you compare property tax rates in the most popular neighborhoods around the cities, and show you where to find the lowest property taxes in Miami-Dade County in 2024.  — Know Your Miami and Miami Beach Property Tax Rates In Miami-Dade County, property tax notices are sent out each year on October 30th. Below are the updated property...
Pagani Residences Miami: Live in the Lap of Hypercar Luxury
Preconstruction Pagani Residences Miami: Live in the Lap of Hypercar Luxury
Miami, it’s time to get hyped about hypercar luxury residences with the groundbreaking fusion of the hyper-automotive industry and architecture through the creation of Pagani Residences. Nestled in the picturesque North Bay Village, this exclusive development marks the world's first collaboration between Italian hypercar icon Pagani Automobili and Miami-based real estate developer Riviera Horizons. And it continues the trend of luxury car branded-residences, which has brought Miami the likes of Aston Martin Residences in Downtown Miami, Bentley Residences in Sunny Isles Beach, and of course, Porsche Design Tower, where residents drive up to their condo homes with its patented Dezervator elevator system.For Pagani’s first venture into the real estate world, Miami’s iconic skyline and global appeal make the perfect backdrop, and in this blog, you’ll find out why Pagani Residences Miami promises a living experience that is engineered to live up to its hypercar luxury name. —...