Cost of Living: Miami, FL vs Tampa, FL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in Miami, FL versus $4,516/mo in Tampa, FL. In the model, rent is about 24.14% of gross in Miami, FL versus 22.83% in Tampa, FL, so Tampa, FL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Miami, FL and Tampa, FL.
At a glance
- Cheaper overall (lower cost-of-living index): Tampa, FL
- Lower rent (median 1BR/2BR): Tampa, FL
- Lower home prices: Tampa, FL
- Higher median household income: Tampa, FL
Cost of Living Index
Miami, FL: 118.4 (U.S. = 100) · Tampa, FL: 98.2 (U.S. = 100)
Tampa, FL has a lower cost-of-living index than Miami, FL, so a given salary generally stretches further there.
Median Rent
Miami, FL: $1,574/mo (midpoint of 1BR/2BR) · Tampa, FL: $1,489/mo
Median rent in Miami, FL is $85/mo higher than in Tampa, FL.
Median Home Price
Miami, FL: $475,200 · Tampa, FL: $375,300
Median home price in Miami, FL is $99,900 higher than in Tampa, FL.
Median Household Income
Miami, FL: $59,390 · Tampa, FL: $71,302
Tampa, FL has a higher median household income than Miami, FL by $11,912.
Miami, FL overview · Tampa, FL overview · Popular comparisons