Study: Miami homeowners have 6th highest hidden costs in US

Among the country’s 100 largest metropolitan areas, Miami ranks sixth in hidden costs of homeownership, according to a new study by Realtor.

Miami’s average monthly home insurance of $298 ranked among the highest in the nation.

The study utilized the following criteria in all:

• Property tax rates
• Home insurance premiums
• Remodeling costs
• Maintenance and repair costs
• Hourly rate of housekeepers, home cleaners, gardeners, and landscapers
• Pest control costs
• Electricity, heating oil, and natural gas bills
• Household goods, like a 40-inch flat-screen TV, laundry detergent, and toilet paper.