Austin vs Miami
Austin, TX · Miami, FL
Austin is 8% cheaper than Miami overall.
Home Price
Austin: $500,000
Miami: $620,000
Monthly Rent
Austin: $1,300/mo
Miami: $1,951/mo
COL Index
Austin: 121
Miami: 131
Median Income
Austin: $83,800
Miami: $65,000
Side-by-Side Comparison
Median Home Price
Monthly Rent (Median)
Median Household Income
Property Tax Rate
Cost of Living Index
100 = national average
Avg. Commute
Unemployment Rate
Median Age
What This Means For You
Buying Power
A $100,000 salary in Austin has the same purchasing power as $108,264 in Miami — based on each city's cost of living index.
Housing
Homes in Miami are 24% cheaper (-$120,000 less). That's a significant down payment and monthly payment difference.
Renting
Renting in Austin saves you $651/month — $7,812 per year. Median rent: $1,300/mo in Austin vs $1,951/mo in Miami.
Property Taxes
On a median-priced home, Austin owners pay roughly $9,000/year in property taxes vs $5,642/year in Miami. That's a $3,358 annual difference.
Local Earnings
Median household income is $83,800 in Austin and $65,000 in Miami. Miami residents earn 22% more — but remember to factor in cost of living.
Daily Commute
Average commute is 27 minutes in Austin vs 30 minutes in Miami. Commute times are nearly identical.
Salary Equivalence
To maintain the same lifestyle when moving from Austin to Miami, here's the salary you'd need:
| Salary in Austin | Equivalent in Miami | Difference |
|---|---|---|
| $50,000 | $54,132 | +$4,132 |
| $75,000 | $81,198 | +$6,198 |
| $100,000 | $108,264 | +$8,264 |
| $150,000 | $162,397 | +$12,397 |
| $200,000 | $216,529 | +$16,529 |
* Calculated using cost of living indices (national average = 100). Does not account for state income tax differences.
Run the Numbers
Mortgage Calculator
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Rent vs Buy
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Cost of Living
Full cost of living comparison tool
Home Appreciation
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Affordability Calculator
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Property Tax Calculator
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Austin Calculators
Miami Calculators
Related Comparisons
Austin vs Miami: Common Questions
Is Austin or Miami cheaper to live in?
Based on cost of living indices, Austin is cheaper overall. Austin has a COL index of 121 while Miami scores 131 (national average = 100).
How do home prices compare between Austin and Miami?
The median home price in Austin is $500,000 vs $620,000 in Miami — a difference of $120,000 (24%).
What salary do I need in Miami to match my Austin income?
Use the salary equivalence table above. For example, a $100K salary in Austin is equivalent to $108,264 in Miami in terms of purchasing power.
Which city has lower property taxes?
Miami has a lower property tax rate (0.91% vs 1.8%). On a median-priced home, that means paying $5,642/year vs $9,000/year.
Cost of living data sourced from Council for Community and Economic Research (C2ER) Cost of Living Index, U.S. Census Bureau American Community Survey, and Zillow Research. Tax rates from Tax Foundation and state revenue agencies. Last updated: March 2025.