City comparison
Cost indices by category, with the US city average (100) marked.
Index: 100 = US city average. Lower is more affordable.
Side-by-side costs, salaries, and sub-category indices.
| Metric | Miami | New York | Difference |
|---|---|---|---|
| Median rent | $1,494/mo | $1,714/mo | 12.8% lower in A |
| Median home value | $433,900 | $732,100 | 40.7% lower in A |
| Median household income | $54,858 | $76,607 | 28.4% lower in A |
| Groceries index | 98.7 | 103.2 | 4.4% lower in A |
| Utilities index | 94.8 | 147.4 | 35.7% lower in A |
| Transportation index | 100.5 | 100.7 | ≈ equal |
| Healthcare index | 94.8 | 99.9 | 5.2% lower in A |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in Miami, you'd need $114,726 in New York to maintain your standard of living.
Climate, safety, and demographics side by side.
Miami, FL is about 12.8% cheaper overall than New York, NY, based on our cost-of-living index. Housing costs are roughly 13% lower in Miami than in New York. If you earn $80,000 in Miami, you'd need about $91,781 in New York to keep the same standard of living.