Miami, FL vs Phoenix, AZ: Cost of Living
Compare the cost of living between Miami, FL and Phoenix, AZ. See the equivalent salary and median rent powered by BLS Regional Price Parities.
Miami, FL
FL
- Overall RPP (US=100)
- 111.5
- Housing RPP
- 147.3
- Goods RPP
- 104.7
- 2-BR median rent
- $2,324/mo
Florida has no state income tax. Very attractive vs. high-tax states.
Phoenix, AZ
AZ
- Overall RPP (US=100)
- 103.7
- Housing RPP
- 122.9
- Goods RPP
- 98.3
- 2-BR median rent
- $1,877/mo
Arizona income tax 2.5% flat rate (since 2023). No city income tax.
Equivalent salary
Phoenix, AZ is cheaper than Miami, FL by about 7.0% (RPP 111.5 to 103.7).
$60,000 in Miami, FL
-> $55,803
in Phoenix, AZ
$100,000 in Miami, FL
-> $93,004
in Phoenix, AZ
$150,000 in Miami, FL
-> $139,507
in Phoenix, AZ
This tool provides estimates only. Equivalent-salary figures are derived from BLS Regional Price Parities (RPP) and HUD Fair Market Rents — they are averages, not guarantees. Actual cost of living varies by neighborhood, lifestyle, and individual circumstances. Not financial advice.
Frequently asked questions
- Is Phoenix, AZ cheaper or more expensive than Miami, FL?
- Phoenix, AZ (RPP 103.7) is cheaper than Miami, FL (RPP 111.5) by about 7.0%.
- What salary do I need in Phoenix, AZ if I earn $100,000 in Miami, FL?
- You would need approximately $93,004 in Phoenix, AZ to maintain the same purchasing power as $100,000 in Miami, FL. Formula: $100,000 x (103.7 / 111.5).