New York City vs Miami: Cost of Living

Last updated 2026-06-12 · MovePlan Editorial Team

Miami is about 34% cheaper overall. Here is how New York City and Miami compare on rent, groceries, utilities, transportation, and healthcare.

• New York City cost-of-living index: 187 vs 100
• Miami cost-of-living index: 123 vs 100
• New York City median 2BR rent: $4,700/mo
• Miami median 2BR rent: $3,000/mo

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