Is Miami, FL cheaper than Honolulu, HI?

Based on cost of living data, Miami, FL is 36.3% cheaper than Honolulu, HI. This translates to saving $2720 per month.

What salary do I need in Miami, FL to live like I do in Honolulu, HI?

If you earn $150,000 in Honolulu, HI, you'd need approximately $117,357.513 in Miami, FL to maintain the same standard of living.

How does housing cost compare between Honolulu, HI and Miami, FL?

Housing in Miami, FL is 52.3% cheaper than in Honolulu, HI. For a two-bedroom apartment, rent is $2,660/month in Miami, FL compared to $2,510/month in Honolulu, HI.

How much can I save per month by moving from Honolulu, HI to Miami, FL?

Moving from Honolulu, HI to Miami, FL could save you approximately $2720 per month, or $32642 per year, based on a $150,000 salary.

Honolulu, HI 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 Honolulu, HI

Numbers update automatically as you type

You'd save $2.7K/month moving to Miami, FL

$150.0K in your current city equals $117.4K in Miami, FL

Rent data from HUD ZIP-level estimates · COL index from Urban Honolulu, HI area

Overall Cost

↓ 36.3%

Less expensive

Monthly Impact

$2,720

Savings

Annual Impact

$32.6K

Per year

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

Honolulu, HI

Population:351K

Cost Index:

100

100 = national average

Median Home:$657K

Miami, FL

Population:442K

Cost Index:

(36% below avg)

Median Home:$510K

Honolulu, HI

The Aloha State

351K

Population

State Tax

Yes

Located in Hawaii, this city has a population of 351K 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: Honolulu, HI vs Miami, FL

Category	Honolulu, HI	Miami, FL	Difference	Change
Housing	$7,744/mo	$3,690/mo	↓ $4,054less	52.3%
Groceries	$1,669/mo	$1,079/mo	↓ $590less	35.3%
All Utilities	$923/mo	$519/mo	↓ $404less	43.8%
Transportation	$1,830/mo	$1,462/mo	↓ $369less	20.1%
Other	$1,942/mo	$2,093/mo	↑ $151more	7.8%
Healthcare	$706/mo	$589/mo	↓ $118less	16.7%

Housing

↓ 52.3%

Honolulu, HI

$7,744

Miami, FL

$3,690

Difference

$4,054

less

Groceries

↓ 35.3%

Honolulu, HI

$1,669

Miami, FL

$1,079

Difference

$590

less

All Utilities

↓ 43.8%

Honolulu, HI

$923

Miami, FL

$519

Difference

$404

less

Transportation

↓ 20.1%

Honolulu, HI

$1,830

Miami, FL

$1,462

Difference

$369

less

Other

↑ 7.8%

Honolulu, HI

$1,942

Miami, FL

$2,093

Difference

$151

Healthcare

↓ 16.7%

Honolulu, HI

$706

Miami, FL

$589

Difference

$118

less

🏠Rent Comparison

Studio

From$1,780

To$1,995

↑ $215

1 Bed

From$1,920

To$2,180

↑ $260

2 Bed

From$2,510

To$2,660

↑ $150

3 Bed

From$3,490

To$3,415

↓ $75.00

Honolulu, HIZIP-level data

1BR range: $1,660–$3,020/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.

$14,815

Monthly in Honolulu, HI

$9,431

Monthly in Miami, FL

$5,384

Difference

Home Values

Honolulu

Miami

$657K

Median Value

$510K

↓ -1.4%

YoY Change

↓ -3.6%

↑ +13.5%

5-Year Change

↑ +49.4%

$472K - $1.77M

Price Range

$278K - $1.53M

Homes in Miami are 22% less expensive than Honolulu

Calculate payment - Honolulu Calculate payment - Miami

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $11.6K

Per year

Monthly Difference

$969

More take-home

Effective Rate Diff

7.8%

Rate difference

Honolulu, HI

Federal Income Tax

Effective: 18.9%

$25.5K

Hawaii State Tax

Effective: 7.8%

$11.6K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 32.4%

$48.6K

Take-Home Pay

$8,446/month

$101.4K

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

Honolulu, HI Tax Rates

Sales Tax:4.5%

Property Tax:0.3%

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.