Miami vs New York City
Cost of living comparison for Miami, Florida and New York City, New York.
New York City is approximately 41% more expensive than Miami. A single person needs about $5,319/mo in New York City versus $3,762/mo in Miami.
Rent in Miami vs New York City
HUD Fair Market Rents by bedroom count.
Income & earnings in Miami vs New York City
Annual figures from Census ACS.
Home values in Miami vs New York City
Average values and property tax.
Energy in Miami vs New York City
Estimated monthly electricity and gas.
Healthcare in Miami vs New York City
Marketplace premium estimates and coverage rate.
Taxes in Miami vs New York City
State income and sales tax.
Transportation in Miami vs New York City
Commute time and travel modes.
Monthly cost estimates in Miami vs New York City
All categories combined.
Frequently asked questions
Common questions comparing Miami and New York City.
Is Miami or New York City more expensive?
New York City is more expensive overall. A single person needs approximately $3,762/mo in Miami, Florida and $5,319/mo in New York City, New York, a difference of about 41%.
What is the rent difference between Miami and New York City?
Average one-bedroom rent in Miami, Florida is $1,898/mo versus $2,511/mo in New York City, New York. New York City is approximately $613 (32%) more expensive for a one-bedroom apartment.
Which has higher income, Miami or New York City?
New York City has the higher average household income. Miami households earn approximately $68,694 per year; New York City households earn approximately $104,553 per year.
More on Miami and New York City
Read full profiles for either area, or pick a different pair to compare.
About this data
Figures come from official U.S. government sources including the Census Bureau (ACS), HUD Fair Market Rents, and the Energy Information Administration. See our methodology for details.