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New York vs Miami

Miami runs about 23% cheaper than New York for this household, a difference of 1,455 USD a month.

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
Taken at PortMiami on March 11, 2024.
Miami
$4,927/month · United States
Kiran891 · CC BY-SA 4.0
New York monthly
$6,382
Index 100 (NYC = 100)
Miami monthly
$4,927
Index 77 (NYC = 100)
Difference
-23%
Miami relative to New York
Rent gap
$1,332
New York costs more for a central 1-bed
By category

Where the gap actually is

New YorkMiami
  • Housing
    Housing: New York $4,076, Miami $2,744. Cheaper in Miami.
  • Food
    Food: New York $910, Miami $849. Cheaper in Miami.
  • Transport
    Transport: New York $211, Miami $195. Cheaper in Miami.
  • Utilities
    Utilities: New York $232, Miami $250. Cheaper in New York.
  • Healthcare
    Healthcare: New York $559, Miami $547. Cheaper in Miami.
  • Lifestyle
    Lifestyle: New York $223, Miami $181. Cheaper in Miami.
  • Other
    Other: New York $171, Miami $162. 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

MetricNew YorkMiami
Cost
Total monthly cost6,382 USD4,927 USD✓
Cost index (New York = 100)10077✓
Housing4,076 USD2,744 USD✓
Utilities232 USD✓250 USD
Food910 USD849 USD✓
Transport211 USD195 USD✓
Healthcare559 USD547 USD✓
Lifestyle223 USD181 USD✓
Income & tax
Take-home on 100,000 USD/yr5,887 USD6,575 USD✓
Effective tax + social rate29.4%21.1%✓
Left over each month-495 USD1,648 USD✓
Average local net salary5,400 USD✓3,900 USD
Housing
1-bed rent, city centre4,076 USD2,744 USD✓
3-bed rent, city centre7,873 USD5,286 USD✓
Buy price per m², centre16,000 USD8,200 USD✓
Quality of life
Safety58/100✓50/100
Healthcare82/100✓76/100
Air quality62/10068/100✓
Public transport88/100✓48/100
Walkability92/100✓62/100
English proficiency100/100✓88/100
Nightlife96/100✓90/100
Family friendliness62/10062/100
Median broadband220 Mbps250 Mbps✓
Climate
Average temperature13°C✓25°C
Summer high29°C✓32°C
Winter low-3°C15°C✓
Sunshine hours per year2,535 h2,900 h✓
Annual rainfall1200 mm✓1570 mm
Practicalities
Remote-work visaNoNo
Beach access45 min15 min✓
CurrencyUSDUSD
Time zoneAmerica/New_YorkAmerica/New_York

Miami runs about 23% cheaper than New York for this household, a difference of 1,455 USD a month.

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Go deeper

Cost of living in New YorkCost of living in MiamiConvert a salary between themFlip the comparison
New York vs San FranciscoNew York vs Los AngelesNew York vs Chicago
FAQ

Frequently asked

Is New York or Miami cheaper?

Miami runs about 23% cheaper than New York for this household, a difference of 1,455 USD a month.

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

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

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

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