Miami vs Boston: Cost of Living & Housing Comparison
Miami's typical home is worth $433,900, 37% lower than the typical home in Boston at $684,900.
Income differs between the two: $54,858 at the median in Miami, $89,212 in Boston.
Renters pay a median $1,494 in Miami versus $1,981 in Boston.
Natural-hazard risk differs here: FEMA rates Miami Very High and Boston Relatively Moderate.
| Metric | Miami, FL | Boston, MA |
|---|---|---|
| Population | 443,665 | 665,945 |
| Median home value | $433,900 | $684,900 |
| Median household income | $54,858 | $89,212 |
| Median gross rent | $1,494 | $1,981 |
| Climate risk (FEMA) | Very High | Relatively Moderate |
Housing is cheaper across the board in Miami, FL compared with Boston, MA: lower home values, lower rent. Other cost-of-living factors aren't reflected here.
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Sources: U.S. Census Bureau American Community Survey; FEMA National Risk Index
Data last updated July 2026.