New York vs Miami: Cost of Living
3%
Miami is about 3% more expensive than New York overall.
How New York Compares to Miami
Category by category
Renting
▼ 8%
Buying
▲ 30%
Goods
▲ 6%
Services
▼ 4%
Key Facts
| New York | Miami | |
|---|---|---|
| Median Rent | $1,811/mo | $1,975/mo |
| Median Home | $778,600 | $598,200 |
| Median Income | $81,228 | $66,337 |
| State Income Tax | Up to 10.9% | None |
| Sales Tax | 8.875% | 7% |
Housing: The Biggest Difference
Miami has the lower median home price by $180,400. Monthly rent is $164/month cheaper in New York.
New York vs Miami FAQ
Rent is $164/month cheaper in New York. New York's median rent is $1,811/month, while Miami's is $1,975/month. Source: Census ACS 2024.
Miami has the lower median home price at $598,200, saving $180,400 compared to New York. Source: Census ACS 2024.