Cost of Living: Miami Beach, FL vs Phoenix, AZ
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 $4,370/mo in Phoenix, AZ. In the model, rent is about 25.25% of gross in Miami Beach, FL versus 21.24% in Phoenix, AZ, so Phoenix, AZ tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Miami Beach, FL and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Miami Beach, FL
- Lower rent (median 1BR/2BR): Phoenix, AZ
- Lower home prices: Phoenix, AZ
- Higher median household income: Phoenix, AZ
Cost of Living Index
Miami Beach, FL: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Miami Beach, FL has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Miami Beach, FL: $1,647/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Miami Beach, FL is $262/mo higher than in Phoenix, AZ.
Median Home Price
Miami Beach, FL: $542,000 · Phoenix, AZ: $381,900
Median home price in Miami Beach, FL is $160,100 higher than in Phoenix, AZ.
Median Household Income
Miami Beach, FL: $67,014 · Phoenix, AZ: $77,041
Phoenix, AZ has a higher median household income than Miami Beach, FL by $10,027.
Miami Beach, FL overview · Phoenix, AZ overview · Popular comparisons