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Cost of living: Miami, FL vs Tampa, FL (2024)

Quick answer

Overall prices in the Miami, FL metro were 114.2 vs 100.9 in Tampa, FL in 2024 (US = 100), so Miami is 13.1% more expensive than Tampa; housing rents differ by 24% (155.6 vs 125.8). A $75,000 income in Miami buys about what $66,285 buys in Tampa, 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)MiamiTampaMiami vs Tampa
All items114.2100.9+13.1%
Goods103.695.5+8.5%
Housing (rents)155.6125.8+23.6%
Utilities97.288.5+9.8%
Other services109.197.6+11.8%
All items, 2008106.5103.3+3.1%
$50,000 in Miami equals in Tampa$44,190
$100,000 in Miami equals in Tampa$88,380
$150,000 in Miami equals in Tampa$132,570

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

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