Cost of Living in Miami
United States • Pop: 0.5M
Miami offers no state income tax, beaches, and a growing finance/tech scene.
No state income taxBeach lifestyleLatin cultureGrowing finance hub
Cost
Index
Index
72
Rent
Index
Index
75
Avg Net Salary
$3,800/mo
Cost Breakdown vs NYC (Index 100)
Overall Cost
72
28% cheaperRent
75
25% cheaperGroceries
92
8% cheaperRestaurants
88
12% cheaperTransport
105
5% pricierUtilities
95
5% cheaperSalary Equivalence
How much you'd need to earn in Miami to match a NYC salary
| NYC Salary | Equivalent in Miami | Difference |
|---|---|---|
| $50,000 | $36,000 | Save $14,000 |
| $75,000 | $54,000 | Save $21,000 |
| $100,000 | $72,000 | Save $28,000 |
| $125,000 | $90,000 | Save $35,000 |
| $150,000 | $108,000 | Save $42,000 |
| $200,000 | $144,000 | Save $56,000 |
Living in Miami: What to Expect
Miami has a cost of living index of 72, meaning it is 28% cheaper than NYC in overall living costs.
The average net monthly salary in Miami is approximately $3,800 ($3,800 when converted to USD).
Cost Breakdown
- Rent: Index of 75
- Groceries: Index of 92
- Restaurants: Index of 88
- Transport: Index of 105
- Utilities: Index of 95
Key highlights: No state income tax, Beach lifestyle, Latin culture, Growing finance hub.
Use our US salary calculator to see your take-home pay, or compare with other cities.