Miami vs Austin
Cost of Living (2026)

Austin is 11% more affordable than Miami.

Enter your salary → get exact comparison

At a glance

Miami, FL

COL index123
State income taxNone
Avg 1BR rent$2,300/mo
Median home price$600K
VS

Austin, TX

COL index110 ✓
State income taxNone
Avg 1BR rent$1,650/mo ✓
Median home price$520K ✓

Cost breakdown by category

CategoryMiami indexAustin indexDifference
Housing161144 ✓-17%
Groceries116104 ✓-12%
Transportation116105 ✓-11%
Healthcare119107 ✓-12%
Utilities114104 ✓-10%

Source: C2ER Cost of Living Index 2026. Index = 100 is US average. ✓ indicates lower cost.

Salary equivalency: Miami → Austin

What salary in Austin gives you the same purchasing power as your Miami salary?

Salary in MiamiEquivalent in AustinDifference
$60,000$54,000$-6,000
$80,000$72,000$-8,000
$100,000$89,000$-11,000
$130,000$116,000$-14,000
$150,000$134,000$-16,000
$200,000$179,000$-21,000

Miami vs Austin: Full Cost of Living Comparison (2026)

When comparing the cost of living between Miami, FL and Austin, TX, Austin comes out significantly more affordable with a COL index of 110 versus 123 for Miami — a difference of approximately 11%.

State income tax impact

Both Florida and Texas have no state income tax, so that factor is neutral in this comparison.

Housing costs

The median home price in Miami is $600,000, compared to $520,000 in Austin. Average 1-bedroom rent is $2,300/month in Miami versus $1,650/month in Austin.

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