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Cost of living: Miami, FL vs Milwaukee, WI (2024)

Quick answer

Overall prices in the Miami, FL metro were 114.2 vs 96.9 in Milwaukee, WI in 2024 (US = 100), so Miami is 17.8% more expensive than Milwaukee; housing rents differ by 60% (155.6 vs 97.1). A $75,000 income in Miami buys about what $63,688 buys in Milwaukee, 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)MiamiMilwaukeeMiami vs Milwaukee
All items114.296.9+17.8%
Goods103.693.8+10.4%
Housing (rents)155.697.1+60.2%
Utilities97.291.6+6.2%
Other services109.199.4+9.8%
All items, 2008106.597.7+9.0%
$50,000 in Miami equals in Milwaukee$42,458
$100,000 in Miami equals in Milwaukee$84,917
$150,000 in Miami equals in Milwaukee$127,375

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

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