Is Miami, FL cheaper than Philadelphia, PA?

Based on cost of living data, Miami, FL is 21.5% more expensive than Philadelphia, PA. This translates to spending an extra $1616 per month.

What salary do I need in Miami, FL to live like I do in Philadelphia, PA?

If you earn $150,000 in Philadelphia, PA, you'd need approximately $169,387.352 in Miami, FL to maintain the same standard of living.

How does housing cost compare between Philadelphia, PA and Miami, FL?

Housing in Miami, FL is 59.6% more expensive than in Philadelphia, PA. For a two-bedroom apartment, rent is $2,660/month in Miami, FL compared to $1,660/month in Philadelphia, PA.

How much can I save per month by moving from Philadelphia, PA to Miami, FL?

Living in Miami, FL costs approximately $1616 more per month than Philadelphia, PA, or $19387 more per year, based on a $150,000 salary.

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Philadelphia, PA

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Miami, FL

Cost of Living Comparison 2026

Current salary in Philadelphia, PA

Numbers update automatically as you type

You'd spend $1.6K/month more in Miami, FL

$150.0K in your current city equals $169.4K in Miami, FL

Rent data from HUD ZIP-level estimates · COL index from Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area

Overall Cost

↑ 21.5%

More expensive

Monthly Impact

$1,616

Extra cost

Annual Impact

$19.4K

Per year

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

Philadelphia, PA

Population:1584K

Cost Index:100

Median Home:$241K

Miami, FL

Population:442K

Cost Index:122

Median Home:$510K

Philadelphia, PA

The Keystone State

1.6M

Population

State Tax

Yes

Climate

Humid subtropical

Notable Facts

•Birthplace of America
•Cheesesteak city
•Major East Coast hub

Major Industries

HealthcareEducationFinanceManufacturing

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: Philadelphia, PA vs Miami, FL

Category	Philadelphia, PA	Miami, FL	Difference	Change
🏠Housing	$2,313/mo	$3,690/mo	↑ $1,377more	59.6%
📦Other	$1,774/mo	$2,093/mo	↑ $318more	17.9%
⚡All Utilities	$607/mo	$519/mo	↓ $87.43less	14.4%
🚗Transportation	$1,421/mo	$1,462/mo	↑ $40.98more	2.9%
🛒Groceries	$1,104/mo	$1,079/mo	↓ $24.98less	2.3%
🏥Healthcare	$607/mo	$589/mo	↓ $18.59less	3.1%

🏠Housing

↑ 59.6%

Philadelphia, PA

$2,313

Miami, FL

$3,690

Difference

$1,377

📦Other

↑ 17.9%

Philadelphia, PA

$1,774

Miami, FL

$2,093

Difference

$318

⚡All Utilities

↓ 14.4%

Philadelphia, PA

$607

Miami, FL

$519

Difference

$87.43

less

🚗Transportation

↑ 2.9%

Philadelphia, PA

$1,421

Miami, FL

$1,462

Difference

$40.98

🛒Groceries

↓ 2.3%

Philadelphia, PA

$1,104

Miami, FL

$1,079

Difference

$24.98

less

🏥Healthcare

↓ 3.1%

Philadelphia, PA

$607

Miami, FL

$589

Difference

$18.59

less

🏛️ Local Income Taxes

Philadelphia, PA: Philadelphia Wage Tax (resident)$5,625/yr (3.8%)

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$1,280

To$1,995

↑ $715

1 Bed

From$1,390

To$2,180

↑ $790

2 Bed

From$1,660

To$2,660

↑ $1,000

3 Bed

From$1,990

To$3,415

↑ $1,425

Philadelphia, PAZIP-level data

1BR range: $1,080–$2,280/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.

$7,826

Monthly in Philadelphia, PA

$9,431

Monthly in Miami, FL

$1,605

Difference

Home Values

Philadelphia

Miami

$241K

Median Value

$510K

↑ +2.8%

YoY Change

↓ -3.6%

↑ +9%

5-Year Change

↑ +49.4%

$71K - $855K

Price Range

$278K - $1.53M

Homes in Miami are 112% more expensive than Philadelphia

Calculate payment - Philadelphia Calculate payment - Miami

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $4.6K

Per year

Monthly Difference

$384

More take-home

Effective Rate Diff

3.1%

Rate difference

Philadelphia, PA

Federal Income Tax

Effective: 18.9%

$25.5K

Pennsylvania State Tax

Effective: 3.1%

$4.6K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 27.7%

$41.6K

Take-Home Pay

$9,032/month

$108.4K

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

Philadelphia, PA Tax Rates

Sales Tax:6.5%

Property Tax:1.4%

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.