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Cost of living: Miami, FL vs Charlotte, NC (2024)

Quick answer

Overall prices in the Miami, FL metro were 114.2 vs 97.3 in Charlotte, NC in 2024 (US = 100), so Miami is 17.3% more expensive than Charlotte; housing rents differ by 59% (155.6 vs 97.6). A $75,000 income in Miami buys about what $63,958 buys in Charlotte, per BEA.

✓ U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Price index (US = 100)MiamiCharlotteMiami vs Charlotte
All items114.297.3+17.3%
Goods103.696.6+7.2%
Housing (rents)155.697.6+59.3%
Utilities97.289.2+9.1%
Other services109.198.2+11.1%
All items, 2008106.595.3+11.7%
$50,000 in Miami equals in Charlotte$42,639
$100,000 in Miami equals in Charlotte$85,277
$150,000 in Miami equals in Charlotte$127,916

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Last updated 2026-10-16. Data only, not financial or tax advice.

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