Is Phoenix, AZ cheaper than Coral Gables, FL?

Based on cost of living data, Phoenix, AZ is 11.9% cheaper than Coral Gables, FL. This translates to saving $890 per month.

What salary do I need in Phoenix, AZ to live like I do in Coral Gables, FL?

If you earn $150,000 in Coral Gables, FL, you'd need approximately $139,324.68 in Phoenix, AZ to maintain the same standard of living.

How does housing cost compare between Coral Gables, FL and Phoenix, AZ?

Housing in Phoenix, AZ is 11.8% cheaper than in Coral Gables, FL. For a two-bedroom apartment, rent is $1,750/month in Phoenix, AZ compared to $2,423/month in Coral Gables, FL.

How much can I save per month by moving from Coral Gables, FL to Phoenix, AZ?

Moving from Coral Gables, FL to Phoenix, AZ could save you approximately $890 per month, or $10675 per year, based on a $150,000 salary.

Coral Gables, FL vs Phoenix, AZ: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Coral Gables, FL — ZIP-level rent data · COL adjusted from Miami, FL area

Current salary in Coral Gables, FL

Numbers update automatically as you type

You'd save $890/month moving to Phoenix, AZ

$150.0K in your current city equals $139.3K in Phoenix, AZ

Rent data from HUD ZIP-level estimates · COL index from Miami-Fort Lauderdale-Pompano Beach, FL area

Overall Cost

↓ 11.9%

Less expensive

Monthly Impact

$890

Savings

Annual Impact

$10.7K

Per year

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

Coral Gables, FL

Population:48K

Cost Index:100

Median Home:$1.04M

Phoenix, AZ

Population:1608K

Cost Index:88

Median Home:$414K

Coral Gables, FL

The Sunshine State

48K

Population

State Tax

No Income Tax

Located in Florida, this city has a population of 48K residents.

💡 Advantage: Florida has no state income tax!

Phoenix, AZ

The Grand Canyon State

1.6M

Population

State Tax

Yes

Climate

Hot desert

Notable Facts

•Fastest growing major city
•Desert metropolis
•Spring training capital

Major Industries

TechnologyHealthcareTourismManufacturing

Cost Breakdown by Category

Annual spending: Coral Gables, FL vs Phoenix, AZ

Category	Coral Gables, FL	Phoenix, AZ	Difference	Change
🏠Housing	$3,162/mo	$2,788/mo	↓ $373less	11.8%
📦Other	$1,992/mo	$1,677/mo	↓ $315less	15.8%
🚗Transportation	$1,391/mo	$1,489/mo	↑ $97.57more	7.0%
🛒Groceries	$1,053/mo	$963/mo	↓ $89.66less	8.5%
⚡All Utilities	$506/mo	$561/mo	↑ $54.70more	10.8%
🏥Healthcare	$574/mo	$589/mo	↑ $14.32more	2.5%

🏠Housing

↓ 11.8%

Coral Gables, FL

$3,162

Phoenix, AZ

$2,788

Difference

$373

less

📦Other

↓ 15.8%

Coral Gables, FL

$1,992

Phoenix, AZ

$1,677

Difference

$315

less

🚗Transportation

↑ 7.0%

Coral Gables, FL

$1,391

Phoenix, AZ

$1,489

Difference

$97.57

🛒Groceries

↓ 8.5%

Coral Gables, FL

$1,053

Phoenix, AZ

$963

Difference

$89.66

less

⚡All Utilities

↑ 10.8%

Coral Gables, FL

$506

Phoenix, AZ

$561

Difference

$54.70

🏥Healthcare

↑ 2.5%

Coral Gables, FL

$574

Phoenix, AZ

$589

Difference

$14.32

🏠Rent Comparison

Studio

From$1,817

To$1,390

↓ $427

1 Bed

From$1,986

To$1,510

↓ $476

2 Bed

From$2,423

To$1,750

↓ $673

3 Bed

From$3,111

To$2,330

↓ $781

Coral Gables, FLZIP-level data

1BR range: $2,370–$2,990/mo

Phoenix, AZZIP-level data

1BR range: $1,300–$2,380/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.

$8,679

Monthly in Coral Gables, FL

$8,068

Monthly in Phoenix, AZ

$611

Difference

Home Values

Coral Gables

Phoenix

$1.04M

Median Value

$414K

↓ -1.9%

YoY Change

↓ -3.1%

↑ +65.1%

5-Year Change

↑ +30.2%

$701K - $1.79M

Price Range

$274K - $957K

Homes in Phoenix are 60% less expensive than Coral Gables

Calculate payment - Coral Gables Calculate payment - Phoenix

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $5.2K

More taxes

Monthly Difference

$436

Less take-home

Effective Rate Diff

3.5%

Rate difference

Coral Gables, 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

Phoenix, AZ

Federal Income Tax

Effective: 18.9%

$25.5K

Arizona State Tax

Effective: 3.5%

$5.2K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 28.2%

$42.2K

Take-Home Pay

$8,979/month

$107.8K

Additional Tax Information

Coral Gables, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

Phoenix, AZ Tax Rates

Sales Tax:8.5%

Property Tax:0.6%

💡 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.