Is Denver, CO cheaper than Miami, FL?

Based on cost of living data, Denver, CO is 10.6% cheaper than Miami, FL. This translates to saving $793 per month.

What salary do I need in Denver, CO to live like I do in Miami, FL?

If you earn $150,000 in Miami, FL, you'd need approximately $140,487.805 in Denver, CO to maintain the same standard of living.

How does housing cost compare between Miami, FL and Denver, CO?

Housing in Denver, CO is 12.0% cheaper than in Miami, FL. For a two-bedroom apartment, rent is $2,190/month in Denver, CO compared to $2,660/month in Miami, FL.

How much can I save per month by moving from Miami, FL to Denver, CO?

Moving from Miami, FL to Denver, CO could save you approximately $793 per month, or $9512 per year, based on a $150,000 salary.

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Miami, FL

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Denver, CO

Cost of Living Comparison 2026

Current salary in Miami, FL

Numbers update automatically as you type

You'd save $793/month moving to Denver, CO

$150.0K in your current city equals $140.5K in Denver, CO

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

Overall Cost

↓ 10.6%

Less expensive

Monthly Impact

$793

Savings

Annual Impact

$9.5K

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

Denver, CO

Population:716K

Cost Index:89

Median Home:$513K

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

Denver, CO

The Centennial State

716K

Population

State Tax

Yes

Climate

Semi-arid

Notable Facts

•Mile-high city (5,280 ft)
•Outdoor recreation hub
•Major cannabis market

Major Industries

AerospaceTechnologyEnergyTourism

Cost Breakdown by Category

Annual spending: Miami, FL vs Denver, CO

Category	Miami, FL	Denver, CO	Difference	Change
🏠Housing	$3,690/mo	$3,248/mo	↓ $442less	12.0%
📦Other	$2,093/mo	$1,774/mo	↓ $318less	15.2%
🛒Groceries	$1,079/mo	$1,029/mo	↓ $49.96less	4.6%
🏥Healthcare	$589/mo	$632/mo	↑ $43.37more	7.4%
🚗Transportation	$1,462/mo	$1,462/mo	→ $0	0.0%
⚡All Utilities	$519/mo	$519/mo	→ $0	0.0%

🏠Housing

↓ 12.0%

Miami, FL

$3,690

Denver, CO

$3,248

Difference

$442

less

📦Other

↓ 15.2%

Miami, FL

$2,093

Denver, CO

$1,774

Difference

$318

less

🛒Groceries

↓ 4.6%

Miami, FL

$1,079

Denver, CO

$1,029

Difference

$49.96

less

🏥Healthcare

↑ 7.4%

Miami, FL

$589

Denver, CO

$632

Difference

$43.37

🚗Transportation

→ 0.0%

Miami, FL

$1,462

Denver, CO

$1,462

Difference

same

⚡All Utilities

→ 0.0%

Miami, FL

$519

Denver, CO

$519

Difference

same

🏛️ Local Income Taxes

Denver, CO: Denver Head Tax ($5.75/mo, negligible)$69.00/yr (0.0%)

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$1,995

To$1,720

↓ $275

1 Bed

From$2,180

To$1,840

↓ $340

2 Bed

From$2,660

To$2,190

↓ $470

3 Bed

From$3,415

To$2,870

↓ $545

Miami, FLZIP-level data

1BR range: $1,550–$2,990/mo

Denver, COZIP-level data

1BR range: $1,620–$2,540/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

$8,665

Monthly in Denver, CO

$766

Difference

Home Values

Miami

Denver

$510K

Median Value

$513K

↓ -3.6%

YoY Change

↓ -4.2%

↑ +49.4%

5-Year Change

↑ +13%

$278K - $1.53M

Price Range

$352K - $933K

Homes in Denver are 1% more expensive than Miami

Calculate payment - Miami Calculate payment - Denver

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $6.6K

More taxes

Monthly Difference

$550

Less take-home

Effective Rate Diff

4.4%

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

Denver, CO

Federal Income Tax

Effective: 18.9%

$25.5K

Colorado State Tax

Effective: 4.4%

$6.6K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.1%

$43.6K

Take-Home Pay

$8,866/month

$106.4K

Additional Tax Information

Miami, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

Denver, CO Tax Rates

Sales Tax:7.8%

Property Tax:0.5%

💡 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.