What is the cost of living in Miami?

The cost of living in Miami is 23.7% cheaper than New York City (index: 76.3). Groceries are 12.0% cheaper than NYC. Restaurants are 6.6% more expensive than NYC. A 1-bedroom apartment in the city centre costs approximately USD 2,765 per month. Local purchasing power index is 101.4 (NYC = 100).

🇺🇸 FL, United States · #18 of 577 cities · 2026

Should I Move to Miami?

Q: Should I move to Miami?

Miami, FL, United States has a cost of living 23.7% cheaper than New York City (index: 76.3). It is ranked #18 out of 577 cities globally. Local purchasing power is strong (index: 101.4 vs NYC = 100). Use our salary comparison calculator to see exactly how your take-home pay would change.

23.7% cheaper than NYC, and purchasing power is strong.

Run the calculator below with your actual salary to get a personalised answer.

-23.7%

vs NYC

USD 2,765

1-BR, city centre

101.4

Purchasing Power

Strong

Purchasing Power

Cost index: Numbeo, blended with Expatistan and LivingCost where available (NYC = 100) · Data from October 2026

Personalised Answer

Compare your salary: move to Miami?

Cost breakdown: Miami

Cost indices vs NYC = 100

Cost of Living

76.3 Very expensive

Rent

68.5 Moderate

Groceries

88.0 Above average

Restaurants

106.6 Expensive

Purchasing Power

101.4 Strong

Rent in Miami

1-BR, city centre USD 2,765/mo

1-BR, outside centre USD 2,133/mo

3-BR, city centre USD 6,061/mo

3-BR, outside centre USD 3,961/mo

Save by going outside centre 23% cheaper

Numbeo · 2026-10-02

Considering alternatives?

Cities in the same country or region with a comparable cost of living.

🇺🇸 Fort Lauderdale

FL, United States

CoL index 67.5

Compare Fort Lauderdale vs Miami →

🇺🇸 Tampa

FL, United States

CoL index 60.0

Compare Tampa vs Miami →

🇺🇸 Orlando

FL, United States

CoL index 57.9

Compare Orlando vs Miami →

Ready to run the numbers?

Enter your salary and current city. Get exact take-home pay in Miami after tax, in seconds.

Compare salaries → Full cost of living data

Relocation Toolkit

Trusted services for your move

Health insurance for living abroad

Nomad Insurance by SafetyWing: medical cover designed for people working and living outside their home country. Flexible monthly subscription, cancel any time.

Get covered with SafetyWing

Secure your connection in your new city

NordVPN keeps your data safe on public Wi-Fi, lets you access content from home, and is a must-have for remote workers abroad.

Get NordVPN

We may earn a commission if you sign up, at no extra cost to you.