Skip to content

Miami vs New York

Miami runs about 30% cheaper than New York for this household, a difference of 1,455 USD a month.

Taken at PortMiami on March 11, 2024.
Miami
$4,927/month · United States
Kiran891 · CC BY-SA 4.0
The New York Stock Exchange in 2022, as seen from a vantage point inside the main trading hall.
New York
$6,382/month · United States
Tobias Deml · CC BY-SA 4.0
Miami monthly
$4,927
Index 77 (NYC = 100)
New York monthly
$6,382
Index 100 (NYC = 100)
Difference
+30%
New York relative to Miami
Rent gap
$1,332
New York costs more for a central 1-bed
By category

Where the gap actually is

MiamiNew York
  • Housing
    Housing: Miami $2,744, New York $4,076. Cheaper in Miami.
  • Food
    Food: Miami $849, New York $910. Cheaper in Miami.
  • Transport
    Transport: Miami $195, New York $211. Cheaper in Miami.
  • Utilities
    Utilities: Miami $250, New York $232. Cheaper in New York.
  • Healthcare
    Healthcare: Miami $547, New York $559. Cheaper in Miami.
  • Lifestyle
    Lifestyle: Miami $181, New York $223. Cheaper in Miami.
  • Other
    Other: Miami $162, New York $171. Cheaper in Miami.
Each row is one category priced in both cities for the same household. The bar is the gap; exact figures are in the table below.
Interactive — adjust the household

Full comparison

MetricMiamiNew York
Cost
Total monthly cost4,927 USD✓6,382 USD
Cost index (New York = 100)77✓100
Housing2,744 USD✓4,076 USD
Utilities250 USD232 USD✓
Food849 USD✓910 USD
Transport195 USD✓211 USD
Healthcare547 USD✓559 USD
Lifestyle181 USD✓223 USD
Income & tax
Take-home on 100,000 USD/yr6,575 USD✓5,887 USD
Effective tax + social rate21.1%✓29.4%
Left over each month1,648 USD✓-495 USD
Average local net salary3,900 USD5,400 USD✓
Housing
1-bed rent, city centre2,744 USD✓4,076 USD
3-bed rent, city centre5,286 USD✓7,873 USD
Buy price per m², centre8,200 USD✓16,000 USD
Quality of life
Safety50/10058/100✓
Healthcare76/10082/100✓
Air quality68/100✓62/100
Public transport48/10088/100✓
Walkability62/10092/100✓
English proficiency88/100100/100✓
Nightlife90/10096/100✓
Family friendliness62/10062/100
Median broadband250 Mbps✓220 Mbps
Climate
Average temperature25°C13°C✓
Summer high32°C29°C✓
Winter low15°C✓-3°C
Sunshine hours per year2,900 h✓2,535 h
Annual rainfall1570 mm1200 mm✓
Practicalities
Remote-work visaNoNo
Beach access15 min✓45 min
CurrencyUSDUSD
Time zoneAmerica/New_YorkAmerica/New_York

Miami runs about 30% cheaper than New York for this household, a difference of 1,455 USD a month.

Next

Go deeper

Cost of living in MiamiCost of living in New YorkConvert a salary between themFlip the comparison
Miami vs Los AngelesMiami vs ChicagoMiami vs Seattle
FAQ

Frequently asked

Is Miami or New York cheaper?

Miami runs about 30% cheaper than New York for this household, a difference of 1,455 USD a month.

What salary do you need in New York compared with Miami?

On a $100,000 gross salary you would take home $6,575 a month in Miami and $5,887 in New York, before local costs. Use the salary converter for an exact equivalent.

Which has better quality of life, Miami or New York?

Miami scores 50/100 on safety and 76/100 on healthcare; New York scores 58 and 82. Miami averages 25°C against 13°C in New York.