salaryAbout the sameBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in New York to live the same way.
🏠 Rent per month
$2,538
$2,806
🛏️ 2-bedroom rent
$1,983
$2,016
💵 Families earn per year
$67,365
$86,801
🔑 Buying a house
$518,100
$777,600
📊 Overall prices (U.S. = 100)
114.2
112.6
🏛️ Property tax per year
$4,586
$6,547
⚡ Electric bill per month
$133
$132
👥 People living there
459,745
8,483,844
Commute to work
27.3 min
40.3 min
College degree
37.4%
41.6%
Own their home
30.8%
32.8%
Below poverty line
19.4%
17.9%
Unemployment
5.2%
8%
Bottom line
- Pick Miami for lower rent, cheaper 2-bedroom apartments, cheaper homes and 2 more.
- Pick New York for higher incomes, a more educated workforce, less poverty.
Pay for the same job
| Job | Miami | New York | Difference |
|---|---|---|---|
| Elementary School Teacher | $58,300 | $96,900 | +66% in New York |
| Operations Manager | $105,640 | $157,000 | +49% in New York |
| Carpenter | $51,570 | $74,300 | +44% in New York |
| Firefighter | $75,710 | $106,420 | +41% in New York |
| Plumber | $57,760 | $78,610 | +36% in New York |
| Electrician | $58,630 | $79,020 | +35% in New York |
| HVAC Technician | $58,040 | $77,990 | +34% in New York |
| Dental Hygienist | $82,780 | $109,720 | +33% in New York |
Frequently asked questions
Is Miami or New York cheaper to live in?
Miami and New York cost about the same once rent and everyday costs are combined.
What salary do I need in New York to match $60,000 in Miami?
About $59,163 a year gives the same standard of living in New York.
Where do people earn more, Miami or New York?
The typical household earns $67,365 in Miami and $86,801 in New York, 22% more in New York.