Is Miami, FL cheaper than Providence, RI?

Based on cost of living data, Miami, FL is 8.9% cheaper than Providence, RI. This translates to saving $671 per month.

What salary do I need in Miami, FL to live like I do in Providence, RI?

If you earn $150,000 in Providence, RI, you'd need approximately $141,950.879 in Miami, FL to maintain the same standard of living.

How does housing cost compare between Providence, RI and Miami, FL?

Housing in Miami, FL is 14.3% cheaper than in Providence, RI. For a two-bedroom apartment, rent is $2,660/month in Miami, FL compared to $1,803/month in Providence, RI.

How much can I save per month by moving from Providence, RI to Miami, FL?

Moving from Providence, RI to Miami, FL could save you approximately $671 per month, or $8049 per year, based on a $150,000 salary.

Providence, RI vs Miami, FL: Cost of Living Comparison 2026

Tap to swap

Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in Providence, RI

Numbers update automatically as you type

You'd save $671/month moving to Miami, FL

$150.0K in your current city equals $142.0K in Miami, FL

Rent data from HUD ZIP-level estimates · COL index from Providence-Warwick, RI-MA area

Overall Cost

↓ 8.9%

Less expensive

Monthly Impact

$671

Savings

Annual Impact

$8.0K

Per year

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

Providence, RI

Population:191K

Cost Index:

100

100 = national average

Median Home:$430K

Miami, FL

Population:442K

Cost Index:

(9% below avg)

Median Home:$510K

Providence, RI

The Ocean State

191K

Population

State Tax

Yes

Located in Rhode Island, this city has a population of 191K 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: Providence, RI vs Miami, FL

Category	Providence, RI	Miami, FL	Difference	Change
Housing	$4,304/mo	$3,690/mo	↓ $614less	14.3%
Other	$1,654/mo	$2,093/mo	↑ $438more	26.5%
Transportation	$1,659/mo	$1,462/mo	↓ $198less	11.9%
All Utilities	$682/mo	$519/mo	↓ $162less	23.8%
Healthcare	$708/mo	$589/mo	↓ $119less	16.9%
Groceries	$1,028/mo	$1,079/mo	↑ $51.64more	5.0%

Housing

↓ 14.3%

Providence, RI

$4,304

Miami, FL

$3,690

Difference

$614

less

Other

↑ 26.5%

Providence, RI

$1,654

Miami, FL

$2,093

Difference

$438

Transportation

↓ 11.9%

Providence, RI

$1,659

Miami, FL

$1,462

Difference

$198

less

All Utilities

↓ 23.8%

Providence, RI

$682

Miami, FL

$519

Difference

$162

less

Healthcare

↓ 16.9%

Providence, RI

$708

Miami, FL

$589

Difference

$119

less

Groceries

↑ 5.0%

Providence, RI

$1,028

Miami, FL

$1,079

Difference

$51.64

🏠Rent Comparison

Studio

From$1,372

To$1,995

↑ $623

1 Bed

From$1,464

To$2,180

↑ $716

2 Bed

From$1,803

To$2,660

↑ $857

3 Bed

From$2,181

To$3,415

↑ $1,234

Providence, RIZIP-level data

1BR range: $1,400–$1,970/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.

$10,035

Monthly in Providence, RI

$9,431

Monthly in Miami, FL

$604

Difference

Home Values

Providence

Miami

$430K

Median Value

$510K

↑ +2%

YoY Change

↓ -3.6%

↑ +49.5%

5-Year Change

↑ +49.4%

$403K - $769K

Price Range

$278K - $1.53M

Homes in Miami are 18% more expensive than Providence

Calculate payment - Providence Calculate payment - Miami

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $6.4K

Per year

Monthly Difference

$537

More take-home

Effective Rate Diff

4.3%

Rate difference

Providence, RI

Federal Income Tax

Effective: 18.9%

$25.5K

Rhode Island State Tax

Effective: 4.3%

$6.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.0%

$43.5K

Take-Home Pay

$8,879/month

$106.5K

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

Providence, RI Tax Rates

Sales Tax:7.0%

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.