Miami vs Philadelphia: Cost of Living & Housing Comparison
Miami's homes carry a median value of $433,900, which is 101% higher than the $215,500 median value in Philadelphia.
Income differs between the two: $54,858 at the median in Miami, $57,537 in Philadelphia.
Typical rent runs $1,494 in Miami and $1,250 in Philadelphia.
FEMA's National Risk Index puts both cities at "Very High" for overall natural-hazard risk.
| Metric | Miami, FL | Philadelphia, PA |
|---|---|---|
| Population | 443,665 | 1,593,208 |
| Median home value | $433,900 | $215,500 |
| Median household income | $54,858 | $57,537 |
| Median gross rent | $1,494 | $1,250 |
| Climate risk (FEMA) | Very High | Very High |
Housing is cheaper across the board in Philadelphia, PA compared with Miami, FL: 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.