Is Miami, FL cheaper than Baltimore, MD?

Based on cost of living data, Miami, FL is 16.0% more expensive than Baltimore, MD. This translates to spending an extra $1203 per month.

What salary do I need in Miami, FL to live like I do in Baltimore, MD?

If you earn $150,000 in Baltimore, MD, you'd need approximately $164,433.962 in Miami, FL to maintain the same standard of living.

How does housing cost compare between Baltimore, MD and Miami, FL?

Housing in Miami, FL is 18.3% more expensive than in Baltimore, MD. For a two-bedroom apartment, rent is $2,660/month in Miami, FL compared to $1,770/month in Baltimore, MD.

How much can I save per month by moving from Baltimore, MD to Miami, FL?

Living in Miami, FL costs approximately $1203 more per month than Baltimore, MD, or $14434 more per year, based on a $150,000 salary.

Baltimore, MD vs Miami, FL: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in Baltimore, MD

Numbers update automatically as you type

You'd spend $1.2K/month more in Miami, FL

$150.0K in your current city equals $164.4K in Miami, FL

Rent data from HUD ZIP-level estimates · COL index from Baltimore-Columbia-Towson, MD area

Overall Cost

↑ 16.0%

More expensive

Monthly Impact

$1,203

Extra cost

Annual Impact

$14.4K

Per year

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

Baltimore, MD

Population:586K

Cost Index:

100

100 = national average

Median Home:$218K

Miami, FL

Population:442K

Cost Index:

116

(16% above avg)

Median Home:$510K

Baltimore, MD

The Old Line State

586K

Population

State Tax

Yes

Located in Maryland, this city has a population of 586K residents.

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: Baltimore, MD vs Miami, FL

Category	Baltimore, MD	Miami, FL	Difference	Change
Housing	$3,118/mo	$3,690/mo	↑ $572more	18.3%
Other	$1,707/mo	$2,093/mo	↑ $385more	22.5%
All Utilities	$607/mo	$519/mo	↓ $87.43less	14.4%
Transportation	$1,380/mo	$1,462/mo	↑ $81.96more	5.9%
Groceries	$1,089/mo	$1,079/mo	↓ $9.99less	0.9%
Healthcare	$589/mo	$589/mo	→ $0	0.0%

Housing

↑ 18.3%

Baltimore, MD

$3,118

Miami, FL

$3,690

Difference

$572

Other

↑ 22.5%

Baltimore, MD

$1,707

Miami, FL

$2,093

Difference

$385

All Utilities

↓ 14.4%

Baltimore, MD

$607

Miami, FL

$519

Difference

$87.43

less

Transportation

↑ 5.9%

Baltimore, MD

$1,380

Miami, FL

$1,462

Difference

$81.96

Groceries

↓ 0.9%

Baltimore, MD

$1,089

Miami, FL

$1,079

Difference

$9.99

less

Healthcare

→ 0.0%

Baltimore, MD

$589

Miami, FL

$589

Difference

same

🏛️ Local Income Taxes

Baltimore, MD: Baltimore City Income Tax$4,800/yr (3.2%)

Miami, FL has no local income tax.

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$1,270

To$1,995

↑ $725

1 Bed

From$1,450

To$2,180

↑ $730

2 Bed

From$1,770

To$2,660

↑ $890

3 Bed

From$2,280

To$3,415

↑ $1,135

Baltimore, MDZIP-level data

1BR range: $1,450–$1,790/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.

$8,490

Monthly in Baltimore, MD

$9,431

Monthly in Miami, FL

$941

Difference

Home Values

Baltimore

Miami

$218K

Median Value

$510K

↓ -0.6%

YoY Change

↓ -3.6%

↑ +20%

5-Year Change

↑ +49.4%

$72K - $469K

Price Range

$278K - $1.53M

Homes in Miami are 134% more expensive than Baltimore

Calculate payment - Baltimore Calculate payment - Miami

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $7.3K

Per year

Monthly Difference

$605

More take-home

Effective Rate Diff

4.8%

Rate difference

Baltimore, MD

Federal Income Tax

Effective: 18.9%

$25.5K

Maryland State Tax

Effective: 4.8%

$7.3K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.5%

$44.3K

Take-Home Pay

$8,811/month

$105.7K

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

Baltimore, MD Tax Rates

Sales Tax:6.0%

Property Tax:1.1%

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.