Quick answer
Overall prices in the Miami, FL metro were 114.2 vs 103.3 in Phoenix, AZ in 2024 (US = 100), so Miami is 10.5% more expensive than Phoenix; housing rents differ by 28% (155.6 vs 121.2). A $75,000 income in Miami buys about what $67,879 buys in Phoenix, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Miami | Phoenix | Miami vs Phoenix |
|---|---|---|---|
| All items | 114.2 | 103.3 | +10.5% |
| Goods | 103.6 | 95.0 | +9.0% |
| Housing (rents) | 155.6 | 121.2 | +28.3% |
| Utilities | 97.2 | 93.3 | +4.2% |
| Other services | 109.1 | 104.0 | +4.9% |
| All items, 2008 | 106.5 | 105.7 | +0.7% |
| $50,000 in Miami equals in Phoenix | $45,253 | ||
| $100,000 in Miami equals in Phoenix | $90,505 | ||
| $150,000 in Miami equals in Phoenix | $135,758 |
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Last updated 2026-10-16. Data only, not financial or tax advice.