Miami vs New York: Cost of Living & Housing Comparison

On median home value, Miami comes in at $433,900 — 41% lower than New York, where the median is $732,100.

Households earn a median $54,858 in Miami, compared with $76,607 in New York.

Miami's median rent sits at $1,494, against $1,714 in New York.

FEMA rates Miami's natural-hazard risk higher than New York's: Very High versus Relatively High.

Metric	Miami, FL	New York, NY
Population	443,665	8,622,467
Median home value	$433,900	$732,100
Median household income	$54,858	$76,607
Median gross rent	$1,494	$1,714
Climate risk (FEMA)	Very High	Relatively High

New York, NY runs higher than Miami, FL on both median home value and rent — a clear housing-cost edge for Miami, FL, though only on housing.

Moving between Miami and New York

Miami and New York are 1,090 miles apart in a straight line.

What changes when you move	Miami → New York	New York → Miami
Median rent	+$220/mo (+15%)	−$220/mo (−13%)
Median home value	+$298,200 (+69%)	−$298,200 (−41%)
Median household income	+$21,749 (+40%)	−$21,749 (−28%)

Estimated moving cost (either direction)

Home size	Estimated cost
Studio / 1-bedroom	$1,504 – $2,389
2-3 bedroom	$3,491 – $5,487
4+ bedroom house	$5,868 – $9,183

Estimates based on typical per-mile and per-room moving-industry rates; actual quotes vary by mover, season, and access. Not a quote from any specific company.

Miami, FL New York, NY

1,253 miles estimated driving distance · 20.9 hours of highway driving

DIY Truck Rental

$1,628 – $2,074

Includes an estimated $439 in fuel (125 gal at ~10 mpg) over 3 driving days.

Professional Movers

$5,990 – $11,049

Full-service crew, loading and unloading included.

Estimates based on typical rental-truck, fuel, and professional-mover industry rates; actual quotes vary by carrier, season, and access. Not a quote from any specific company.

Sources: U.S. Census Bureau American Community Survey; FEMA National Risk Index

Data last updated July 2026.