Miami vs Phoenix
Cost of Living (2026)

Phoenix is 19% more affordable than Miami. Plus, Florida has no state income tax vs Arizona's 2.5%.

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At a glance

Miami, FL

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

Phoenix, AZ

COL index100 ✓
State income tax2.5%
Avg 1BR rent$1,450/mo ✓
Median home price$395K ✓

Cost breakdown by category

CategoryMiami indexPhoenix indexDifference
Housing161130 ✓-31%
Groceries11695 ✓-21%
Transportation11696 ✓-20%
Healthcare11997 ✓-22%
Utilities11496 ✓-18%

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

Salary equivalency: Miami → Phoenix

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

Salary in MiamiEquivalent in PhoenixDifference
$60,000$51,000$-9,000
$80,000$67,000$-13,000
$100,000$84,000$-16,000
$130,000$110,000$-20,000
$150,000$126,000$-24,000
$200,000$169,000$-31,000

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

When comparing the cost of living between Miami, FL and Phoenix, AZ, Phoenix comes out significantly more affordable with a COL index of 100 versus 123 for Miami — a difference of approximately 19%.

State income tax impact

Florida has no state income tax, giving Miami workers an immediate 2.5% take-home pay advantage over Phoenix workers who pay Arizona's 2.5% state income tax.

Housing costs

The median home price in Miami is $600,000, compared to $395,000 in Phoenix. Average 1-bedroom rent is $2,300/month in Miami versus $1,450/month in Phoenix.

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