Is Phoenix, AZ cheaper than Miami, FL?

Based on cost of living data, Phoenix, AZ is 16.1% cheaper than Miami, FL. This translates to saving $1207 per month.

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

If you earn $150,000 in Miami, FL, you'd need approximately $135,512.195 in Phoenix, AZ to maintain the same standard of living.

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

Housing in Phoenix, AZ is 24.4% cheaper than in Miami, FL. For a two-bedroom apartment, rent is $1,750/month in Phoenix, AZ compared to $2,660/month in Miami, FL.

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

Moving from Miami, FL to Phoenix, AZ could save you approximately $1207 per month, or $14488 per year, based on a $150,000 salary.

MoveNumbers

Miami, FL

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Phoenix, AZ

Cost of Living Comparison 2026

Current salary in Miami, FL

Numbers update automatically as you type

You'd save $1.2K/month moving to Phoenix, AZ

$150.0K in your current city equals $135.5K in Phoenix, AZ

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

Overall Cost

↓ 16.1%

Less expensive

Monthly Impact

$1,207

Savings

Annual Impact

$14.5K

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

Phoenix, AZ

Population:1608K

Cost Index:84

Median Home:$414K

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

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: Miami, FL vs Phoenix, AZ

Category	Miami, FL	Phoenix, AZ	Difference	Change
🏠Housing	$3,690/mo	$2,788/mo	↓ $902less	24.4%
📦Other	$2,093/mo	$1,677/mo	↓ $415less	19.8%
🛒Groceries	$1,079/mo	$963/mo	↓ $116less	10.7%
⚡All Utilities	$519/mo	$561/mo	↑ $42.07more	8.1%
🚗Transportation	$1,462/mo	$1,489/mo	↑ $27.32more	1.9%
🏥Healthcare	$589/mo	$589/mo	→ $0	0.0%

🏠Housing

↓ 24.4%

Miami, FL

$3,690

Phoenix, AZ

$2,788

Difference

$902

less

📦Other

↓ 19.8%

Miami, FL

$2,093

Phoenix, AZ

$1,677

Difference

$415

less

🛒Groceries

↓ 10.7%

Miami, FL

$1,079

Phoenix, AZ

$963

Difference

$116

less

⚡All Utilities

↑ 8.1%

Miami, FL

$519

Phoenix, AZ

$561

Difference

$42.07

🚗Transportation

↑ 1.9%

Miami, FL

$1,462

Phoenix, AZ

$1,489

Difference

$27.32

🏥Healthcare

→ 0.0%

Miami, FL

$589

Phoenix, AZ

$589

Difference

same

🏠Rent Comparison

Studio

From$1,995

To$1,390

↓ $605

1 Bed

From$2,180

To$1,510

↓ $670

2 Bed

From$2,660

To$1,750

↓ $910

3 Bed

From$3,415

To$2,330

↓ $1,085

Miami, FLZIP-level data

1BR range: $1,550–$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.

$9,431

Monthly in Miami, FL

$8,068

Monthly in Phoenix, AZ

$1,363

Difference

Home Values

Miami

Phoenix

$510K

Median Value

$414K

↓ -3.6%

YoY Change

↓ -3.1%

↑ +49.4%

5-Year Change

↑ +30.2%

$278K - $1.53M

Price Range

$274K - $957K

Homes in Phoenix are 19% less expensive than Miami

Calculate payment - Miami 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

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

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

Miami, 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.