Cost of Living: Miami Beach, FL vs Newport, RI
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in Miami Beach, FL versus $4,167/mo in Newport, RI. In the model, rent is about 25.25% of gross in Miami Beach, FL versus 23.49% in Newport, RI, so Newport, RI tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Miami Beach, FL and Newport, RI.
At a glance
- Cheaper overall (lower cost-of-living index): Newport, RI
- Lower rent (median 1BR/2BR): Newport, RI
- Lower home prices: Miami Beach, FL
- Higher median household income: Newport, RI
Cost of Living Index
Miami Beach, FL: 100 (U.S. = 100) · Newport, RI: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Miami Beach, FL: $1,647/mo (midpoint of 1BR/2BR) · Newport, RI: $1,532/mo
Median rent in Miami Beach, FL is $115/mo higher than in Newport, RI.
Median Home Price
Miami Beach, FL: $542,000 · Newport, RI: $669,500
Median home price in Newport, RI is $127,500 higher than in Miami Beach, FL.
Median Household Income
Miami Beach, FL: $67,014 · Newport, RI: $83,562
Newport, RI has a higher median household income than Miami Beach, FL by $16,548.
Miami Beach, FL overview · Newport, RI overview · Popular comparisons