Cost of Living: Miami Lakes, 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 Lakes, FL versus $4,167/mo in Newport, RI. In the model, rent is about 29.49% of gross in Miami Lakes, 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 Lakes, 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 Lakes, FL
- Higher median household income: Miami Lakes, FL
Cost of Living Index
Miami Lakes, 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 Lakes, FL: $1,923/mo (midpoint of 1BR/2BR) · Newport, RI: $1,532/mo
Median rent in Miami Lakes, FL is $391/mo higher than in Newport, RI.
Median Home Price
Miami Lakes, FL: $577,300 · Newport, RI: $669,500
Median home price in Newport, RI is $92,200 higher than in Miami Lakes, FL.
Median Household Income
Miami Lakes, FL: $97,255 · Newport, RI: $83,562
Miami Lakes, FL has a higher median household income than Newport, RI by $13,693.
Miami Lakes, FL overview · Newport, RI overview · Popular comparisons