Cost of Living Comparison Between New York, NY and Miami, FL 

Indices DifferenceInfo
Cost of Living in Miami, FL is 26.9% lower than in New York, NY (excluding rent)
Cost of Living Including Rent in Miami, FL is 29.7% lower than in New York, NY
Rent Prices in Miami, FL are 33.1% lower than in New York, NY
Restaurant Prices in Miami, FL are 17.5% lower than in New York, NY
Groceries Prices in Miami, FL are 24.4% lower than in New York, NY
Local Purchasing Power in Miami, FL is 7.3% higher than in New York, NY
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
New York, NY Edit Miami, FL Edit Difference
Meal, Inexpensive Restaurant 30.00 $ 25.00 $      -16.7 %
Meal for 2 People, Mid-range Restaurant, Three-course 145.00 $ 110.00 $      -24.1 %
McMeal at McDonalds (or Equivalent Combo Meal) 13.50 $ 12.00 $      -11.1 %
Domestic Beer (1 pint draught) 8.00 $ 8.00 $      0.0 %
Imported Beer (12 oz small bottle) 12.00 $ 9.00 $      -25.0 %
Cappuccino (regular) 6.03 $ 5.25 $      -13.0 %
Coke/Pepsi (12 oz small bottle) 3.22 $ 3.31 $      +2.7 %
Water (12 oz small bottle) 2.55 $ 2.76 $      +8.0 %
Markets
New York, NY Edit Miami, FL Edit
Milk (regular), (1 gallon) 5.98 $ 4.52 $      -24.3 %
Loaf of Fresh White Bread (1 lb) 4.58 $ 3.52 $      -23.0 %
Rice (white), (1 lb) 3.71 $ 2.18 $      -41.3 %
Eggs (regular) (12) 6.33 $ 4.89 $      -22.8 %
Local Cheese (1 lb) 7.56 $ 6.47 $      -14.4 %
Chicken Fillets (1 lb) 7.15 $ 6.23 $      -12.8 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.10 $ 9.14 $      +0.4 %
Apples (1 lb) 3.38 $ 2.13 $      -37.1 %
Banana (1 lb) 1.13 $ 0.77 $      -32.0 %
Oranges (1 lb) 2.47 $ 1.57 $      -36.2 %
Tomato (1 lb) 2.70 $ 1.87 $      -30.7 %
Potato (1 lb) 1.68 $ 1.16 $      -31.0 %
Onion (1 lb) 1.69 $ 1.49 $      -12.1 %
Lettuce (1 head) 3.25 $ 2.88 $      -11.4 %
Water (1.5 liter bottle) 2.53 $ 2.01 $      -20.5 %
Bottle of Wine (Mid-Range) 19.99 $ 15.00 $      -25.0 %
Domestic Beer (0.5 liter bottle) 2.80 $ 2.40 $      -14.2 %
Imported Beer (12 oz small bottle) 3.67 $ 2.89 $      -21.3 %
Cigarettes 20 Pack (Marlboro) 18.00 $ 9.90 $      -45.0 %
Transportation
New York, NY Edit Miami, FL Edit
One-way Ticket (Local Transport) 2.90 $ 2.25 $      -22.4 %
Monthly Pass (Regular Price) 132.00 $ 103.75 $      -21.4 %
Taxi Start (Normal Tariff) 5.00 $ 4.00 $      -19.9 %
Taxi 1 mile (Normal Tariff) 3.50 $ 2.10 $      -40.0 %
Taxi 1hour Waiting (Normal Tariff) 42.00 $ 45.00 $      +7.1 %
Gasoline (1 gallon) 3.73 $ 3.42 $      -8.3 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 34,500.00 $ 31,725.00 $      -8.0 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,985.28 $ 25,647.79 $      -8.4 %
Utilities (Monthly)
New York, NY Edit Miami, FL Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 186.67 $ 148.61 $      -20.4 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 57.90 $ 67.33 $      +16.3 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 61.32 $ 63.72 $      +3.9 %
Sports And Leisure
New York, NY Edit Miami, FL Edit
Fitness Club, Monthly Fee for 1 Adult 159.00 $ 64.40 $      -59.5 %
Tennis Court Rent (1 Hour on Weekend) 64.58 $ 26.00 $      -59.7 %
Cinema, International Release, 1 Seat 20.00 $ 16.00 $      -20.0 %
Childcare
New York, NY Edit Miami, FL Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 3,164.36 $ 1,389.58 $      -56.1 %
International Primary School, Yearly for 1 Child 56,857.14 $ 22,500.00 $      -60.4 %
Clothing And Shoes
New York, NY Edit Miami, FL Edit
1 Pair of Jeans (Levis 501 Or Similar) 66.88 $ 51.71 $      -22.7 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 48.95 $ 53.00 $      +8.3 %
1 Pair of Nike Running Shoes (Mid-Range) 113.27 $ 90.00 $      -20.5 %
1 Pair of Men Leather Business Shoes 167.33 $ 114.72 $      -31.4 %
Rent Per Month
New York, NY Edit Miami, FL Edit
Apartment (1 bedroom) in City Centre 3,992.29 $ 2,884.52 $      -27.7 %
Apartment (1 bedroom) Outside of Centre 2,765.47 $ 2,086.21 $      -24.6 %
Apartment (3 bedrooms) in City Centre 8,816.67 $ 5,240.04 $      -40.6 %
Apartment (3 bedrooms) Outside of Centre 5,280.00 $ 3,743.12 $      -29.1 %
Buy Apartment Price
New York, NY Edit Miami, FL Edit
Price per Square Feet to Buy Apartment in City Centre 1,668.59 $ 579.50 $      -65.3 %
Price per Square Feet to Buy Apartment Outside of Centre 1,197.27 $ 365.62 $      -69.5 %
Salaries And Financing
New York, NY Edit Miami, FL Edit
Average Monthly Net Salary (After Tax) 5,132.20 $ 3,873.13 $      -24.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.47 6.56      +1.4 %
Last update: May 2025May 2025
Contributors in the past 12 months:371132