Quick answer
Overall prices in the Miami, FL metro were 114.2 vs 98.1 in Austin, TX in 2024 (US = 100), so Miami is 16.4% more expensive than Austin; housing rents differ by 29% (155.6 vs 120.4). A $75,000 income in Miami buys about what $64,430 buys in Austin, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Miami | Austin | Miami vs Austin |
|---|---|---|---|
| All items | 114.2 | 98.1 | +16.4% |
| Goods | 103.6 | 93.8 | +10.5% |
| Housing (rents) | 155.6 | 120.4 | +29.2% |
| Utilities | 97.2 | 82.0 | +18.5% |
| Other services | 109.1 | 96.2 | +13.4% |
| All items, 2008 | 106.5 | 99.6 | +6.9% |
| $50,000 in Miami equals in Austin | $42,953 | ||
| $100,000 in Miami equals in Austin | $85,906 | ||
| $150,000 in Miami equals in Austin | $128,859 |
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Last updated 2026-10-16. Data only, not financial or tax advice.