Miami vs Tampa: Cost of Living
12%
Miami is about 12% more expensive than Tampa overall.
How Miami Compares to Tampa
Category by category
Renting
▲ 4%
Buying
▲ 21%
Goods
▲ 3%
Services
▲ 27%
Key Facts
| Miami | Tampa | |
|---|---|---|
| Median Rent | $1,975/mo | $1,898/mo |
| Median Home | $598,200 | $494,400 |
| Median Income | $66,337 | $84,114 |
| State Income Tax | None | None |
| Sales Tax | 7% | 7.5% |
Housing: The Biggest Difference
Tampa has the lower median home price by $103,800. Monthly rent is $77/month cheaper in Tampa.
Miami vs Tampa FAQ
Rent is $77/month cheaper in Tampa. Miami's median rent is $1,975/month, while Tampa's is $1,898/month. Source: Census ACS 2024.
Tampa has the lower median home price at $494,400, saving $103,800 compared to Miami. Source: Census ACS 2024.