Miami vs Tampa: Cost of Living & Housing Comparison
Miami's median home value is $433,900 — 30% higher than Tampa's $333,200.
Median household income is $54,858 in Miami versus $66,802 in Tampa.
Typical rent runs $1,494 in Miami and $1,422 in Tampa.
| Metric | Miami, FL | Tampa, FL |
|---|---|---|
| Population | 443,665 | 388,768 |
| Median home value | $433,900 | $333,200 |
| Median household income | $54,858 | $66,802 |
| Median gross rent | $1,494 | $1,422 |
| Climate risk (FEMA) | Very High | Relatively High |
On housing costs, Tampa, FL looks more affordable than Miami, FL — lower median home value and rent. This reflects housing only, not total cost of living.
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Sources: U.S. Census Bureau American Community Survey; FEMA National Risk Index
Data last updated July 2026.