City comparison
New York vs Miami Cost of Living
Compare overall indexes, housing costs, and budget targets between New York (166.9) and Miami (132.2).
New York Index
166.9
Miami Index
132.2
New York Rent
$4,850
Miami Rent
$3,325
New York Home price
$787,000
Miami Home price
$607,000
Salary equivalent calculator
Enter your current salary in New York to estimate the income needed for a similar lifestyle in Miami.
Equivalent salary in Miami
$113,269
Based on the relative overall cost of living between New York and Miami.
Category-by-category differences
Use this table to see which categories make one city more or less expensive than the other.
| Category | New York | Miami | Difference |
|---|---|---|---|
| Housing | 245 | 172 | -73.0 (-29.8%) |
| Groceries | 138 | 116 | -22.0 (-15.9%) |
| Transportation | 121 | 106 | -15.0 (-12.4%) |
| Healthcare | 117 | 108 | -9.0 (-7.7%) |
| Utilities | 112 | 111 | -1.0 (-0.9%) |
| Miscellaneous | 134 | 115 | -19.0 (-14.2%) |
Budget comparison
Single
$8,110 / $6,210
New York / Miami
Couple
$13,620 / $10,310
New York / Miami
Family
$19,870 / $14,530
New York / Miami
Frequently Asked Questions
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View New York city page
Open the full cost-of-living profile for New York.
View Miami city page
Open the full cost-of-living profile for Miami.
Last updated: Q1 2026
Data as of Q1 2026. Sources: U.S. Bureau of Labor Statistics, U.S. Census Bureau, HUD Fair Market Rents.
Cost of living indexes use the national average as baseline (100). Data is updated periodically.