Quick answer
Overall prices in the New York, NY metro were 112.6 vs 114.2 in Miami, FL in 2024 (US = 100), so New York is 1.4% less expensive than Miami; housing rents differ by 4% (148.6 vs 155.6). A $75,000 income in New York buys about what $76,061 buys in Miami, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | New York | Miami | New York vs Miami |
|---|---|---|---|
| All items | 112.6 | 114.2 | -1.4% |
| Goods | 110.3 | 103.6 | +6.5% |
| Housing (rents) | 148.6 | 155.6 | -4.5% |
| Utilities | 127.0 | 97.2 | +30.6% |
| Other services | 105.8 | 109.1 | -3.0% |
| All items, 2008 | 113.5 | 106.5 | +6.6% |
| $50,000 in New York equals in Miami | $50,707 | ||
| $100,000 in New York equals in Miami | $101,414 | ||
| $150,000 in New York equals in Miami | $152,121 |
Related
- Cost of living: Miami, FL vs Minneapolis, MN (2024)
- Cost of living: Miami, FL vs Nashville, TN (2024)
- Cost of living: Miami, FL vs New Orleans, LA (2024)
- Cost of living: Miami, FL vs Oklahoma City, OK (2024)
- Cost of living: Miami, FL vs Orlando, FL (2024)
- Cost of living: Miami, FL vs Philadelphia, PA (2024)
- Cost of living: Miami, FL vs Phoenix, AZ (2024)
- Cost of living: Miami, FL vs Pittsburgh, PA (2024)
Last updated 2026-10-16. Data only, not financial or tax advice.