Quick answer
Overall prices in the Miami, FL metro were 114.2 vs 102.6 in Philadelphia, PA in 2024 (US = 100), so Miami is 11.3% more expensive than Philadelphia; housing rents differ by 37% (155.6 vs 113.1). A $75,000 income in Miami buys about what $67,378 buys in Philadelphia, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Miami | Philadelphia | Miami vs Philadelphia |
|---|---|---|---|
| All items | 114.2 | 102.6 | +11.3% |
| Goods | 103.6 | 96.8 | +6.9% |
| Housing (rents) | 155.6 | 113.1 | +37.5% |
| Utilities | 97.2 | 114.4 | -15.0% |
| Other services | 109.1 | 103.1 | +5.9% |
| All items, 2008 | 106.5 | 106.4 | +0.1% |
| $50,000 in Miami equals in Philadelphia | $44,919 | ||
| $100,000 in Miami equals in Philadelphia | $89,838 | ||
| $150,000 in Miami equals in Philadelphia | $134,756 |
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Last updated 2026-10-16. Data only, not financial or tax advice.