Is Miami, FL cheaper than Austin, TX?

Based on cost of living data, Miami, FL is 19.4% more expensive than Austin, TX. This translates to spending an extra $1456 per month.

What salary do I need in Miami, FL to live like I do in Austin, TX?

If you earn $150,000 in Austin, TX, you'd need approximately $167,475.728 in Miami, FL to maintain the same standard of living.

How does housing cost compare between Austin, TX and Miami, FL?

Housing in Miami, FL is 27.9% more expensive than in Austin, TX. For a two-bedroom apartment, rent is $2,660/month in Miami, FL compared to $1,995/month in Austin, TX.

How much can I save per month by moving from Austin, TX to Miami, FL?

Living in Miami, FL costs approximately $1456 more per month than Austin, TX, or $17476 more per year, based on a $150,000 salary.

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Austin, TX

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Miami, FL

Cost of Living Comparison 2026

Current salary in Austin, TX

Numbers update automatically as you type

You'd spend $1.5K/month more in Miami, FL

$150.0K in your current city equals $167.5K in Miami, FL

Rent data from HUD ZIP-level estimates · COL index from Austin-Round Rock-Georgetown, TX area

Overall Cost

↑ 19.4%

More expensive

Monthly Impact

$1,456

Extra cost

Annual Impact

$17.5K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Austin, TX

Population:979K

Cost Index:100

Median Home:$558K

Miami, FL

Population:442K

Cost Index:119

Median Home:$510K

Austin, TX

The Lone Star State

979K

Population

State Tax

No Income Tax

Climate

Humid subtropical

Notable Facts

•Live music capital
•Major tech hub
•SXSW festival city

Major Industries

TechnologyMusic IndustryEducationGovernment

Miami, FL

The Sunshine State

442K

Population

State Tax

No Income Tax

Climate

Tropical

Notable Facts

•Gateway to Latin America
•Major cruise port
•International business hub

Major Industries

International TradeTourismFinanceReal Estate

Cost Breakdown by Category

Annual spending: Austin, TX vs Miami, FL

Category	Austin, TX	Miami, FL	Difference	Change
🏠Housing	$2,885/mo	$3,690/mo	↑ $806more	27.9%
📦Other	$1,741/mo	$2,093/mo	↑ $352more	20.2%
🚗Transportation	$1,284/mo	$1,462/mo	↑ $178more	13.8%
🛒Groceries	$959/mo	$1,079/mo	↑ $120more	12.5%
⚡All Utilities	$541/mo	$519/mo	↓ $21.86less	4.0%
🏥Healthcare	$589/mo	$589/mo	→ $0	0.0%

🏠Housing

↑ 27.9%

Austin, TX

$2,885

Miami, FL

$3,690

Difference

$806

📦Other

↑ 20.2%

Austin, TX

$1,741

Miami, FL

$2,093

Difference

$352

🚗Transportation

↑ 13.8%

Austin, TX

$1,284

Miami, FL

$1,462

Difference

$178

🛒Groceries

↑ 12.5%

Austin, TX

$959

Miami, FL

$1,079

Difference

$120

⚡All Utilities

↓ 4.0%

Austin, TX

$541

Miami, FL

$519

Difference

$21.86

less

🏥Healthcare

→ 0.0%

Austin, TX

$589

Miami, FL

$589

Difference

same

🏠Rent Comparison

Studio

From$1,585

To$1,995

↑ $410

1 Bed

From$1,685

To$2,180

↑ $495

2 Bed

From$1,995

To$2,660

↑ $665

3 Bed

From$2,525

To$3,415

↑ $890

Austin, TXZIP-level data

1BR range: $1,490–$2,350/mo

Miami, FLZIP-level data

1BR range: $1,550–$2,990/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,998

Monthly in Austin, TX

$9,431

Monthly in Miami, FL

$1,433

Difference

Home Values

Austin

Miami

$558K

Median Value

$510K

↓ -5%

YoY Change

↓ -3.6%

↑ +12.6%

5-Year Change

↑ +49.4%

$272K - $1.26M

Price Range

$278K - $1.53M

Homes in Miami are 9% less expensive than Austin

Calculate payment - Austin Calculate payment - Miami

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

→ $0

Same taxes

Monthly Difference

Same take-home

Effective Rate Diff

0.0%

Rate difference

Austin, TX

Federal Income Tax

Effective: 18.9%

$25.5K

Texas State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Miami, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

Austin, TX Tax Rates

Sales Tax:8.2%

Property Tax:1.8%

Miami, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.