Quick answer
Overall prices in the Miami, FL metro were 114.2 vs 93.9 in Cleveland, OH in 2024 (US = 100), so Miami is 21.5% more expensive than Cleveland; housing rents differ by 96% (155.6 vs 79.4). A $75,000 income in Miami buys about what $61,708 buys in Cleveland, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Miami | Cleveland | Miami vs Cleveland |
|---|---|---|---|
| All items | 114.2 | 93.9 | +21.5% |
| Goods | 103.6 | 93.6 | +10.6% |
| Housing (rents) | 155.6 | 79.4 | +95.8% |
| Utilities | 97.2 | 96.0 | +1.3% |
| Other services | 109.1 | 98.9 | +10.3% |
| All items, 2008 | 106.5 | 92.6 | +15.0% |
| $50,000 in Miami equals in Cleveland | $41,138 | ||
| $100,000 in Miami equals in Cleveland | $82,277 | ||
| $150,000 in Miami equals in Cleveland | $123,415 |
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Last updated 2026-10-16. Data only, not financial or tax advice.