Cost of Living: Miami Lakes, 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 Lakes, FL versus $4,370/mo in Phoenix, AZ. In the model, rent is about 29.49% of gross in Miami Lakes, 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 Lakes, FL and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Miami Lakes, FL
- Lower rent (median 1BR/2BR): Phoenix, AZ
- Lower home prices: Phoenix, AZ
- Higher median household income: Miami Lakes, FL
Cost of Living Index
Miami Lakes, FL: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Miami Lakes, FL has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Miami Lakes, FL: $1,923/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Miami Lakes, FL is $538/mo higher than in Phoenix, AZ.
Median Home Price
Miami Lakes, FL: $577,300 · Phoenix, AZ: $381,900
Median home price in Miami Lakes, FL is $195,400 higher than in Phoenix, AZ.
Median Household Income
Miami Lakes, FL: $97,255 · Phoenix, AZ: $77,041
Miami Lakes, FL has a higher median household income than Phoenix, AZ by $20,214.
Miami Lakes, FL overview · Phoenix, AZ overview · Popular comparisons