Is Austin, TX cheaper than Miami, FL?

Based on cost of living data, Austin, TX is 16.3% cheaper than Miami, FL. This translates to saving $1220 per month.

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

If you earn $150,000 in Miami, FL, you'd need approximately $135,365.854 in Austin, TX to maintain the same standard of living.

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

Housing in Austin, TX is 21.8% cheaper than in Miami, FL. For a two-bedroom apartment, rent is $1,995/month in Austin, TX compared to $2,660/month in Miami, FL.

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

Moving from Miami, FL to Austin, TX could save you approximately $1220 per month, or $14634 per year, based on a $150,000 salary.

MoveNumbers

Miami, FL

Tap to swap

Austin, TX

Cost of Living Comparison 2026

Current salary in Miami, FL

Numbers update automatically as you type

You'd save $1.2K/month moving to Austin, TX

$150.0K in your current city equals $135.4K in Austin, TX

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

Overall Cost

↓ 16.3%

Less expensive

Monthly Impact

$1,220

Savings

Annual Impact

$14.6K

Per year

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

Miami, FL

Population:442K

Cost Index:100

Median Home:$510K

Austin, TX

Population:979K

Cost Index:84

Median Home:$558K

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

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

Cost Breakdown by Category

Annual spending: Miami, FL vs Austin, TX

Category	Miami, FL	Austin, TX	Difference	Change
🏠Housing	$3,690/mo	$2,885/mo	↓ $806less	21.8%
📦Other	$2,093/mo	$1,741/mo	↓ $352less	16.8%
🚗Transportation	$1,462/mo	$1,284/mo	↓ $178less	12.1%
🛒Groceries	$1,079/mo	$959/mo	↓ $120less	11.1%
⚡All Utilities	$519/mo	$541/mo	↑ $21.86more	4.2%
🏥Healthcare	$589/mo	$589/mo	→ $0	0.0%

🏠Housing

↓ 21.8%

Miami, FL

$3,690

Austin, TX

$2,885

Difference

$806

less

📦Other

↓ 16.8%

Miami, FL

$2,093

Austin, TX

$1,741

Difference

$352

less

🚗Transportation

↓ 12.1%

Miami, FL

$1,462

Austin, TX

$1,284

Difference

$178

less

🛒Groceries

↓ 11.1%

Miami, FL

$1,079

Austin, TX

$959

Difference

$120

less

⚡All Utilities

↑ 4.2%

Miami, FL

$519

Austin, TX

$541

Difference

$21.86

🏥Healthcare

→ 0.0%

Miami, FL

$589

Austin, TX

$589

Difference

same

🏠Rent Comparison

Studio

From$1,995

To$1,585

↓ $410

1 Bed

From$2,180

To$1,685

↓ $495

2 Bed

From$2,660

To$1,995

↓ $665

3 Bed

From$3,415

To$2,525

↓ $890

Miami, FLZIP-level data

1BR range: $1,550–$2,990/mo

Austin, TXZIP-level data

1BR range: $1,490–$2,350/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.

$9,431

Monthly in Miami, FL

$7,998

Monthly in Austin, TX

$1,433

Difference

Home Values

Miami

Austin

$510K

Median Value

$558K

↓ -3.6%

YoY Change

↓ -5%

↑ +49.4%

5-Year Change

↑ +12.6%

$278K - $1.53M

Price Range

$272K - $1.26M

Homes in Austin are 9% more expensive than Miami

Calculate payment - Miami Calculate payment - Austin

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

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

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

Additional Tax Information

Miami, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

Austin, TX Tax Rates

Sales Tax:8.2%

Property Tax:1.8%

💡 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.