Miami, FL · Tampa, FL
Tampa is 18% cheaper than Miami overall.
Home Price
Miami: $620,000
Tampa: $390,000
Monthly Rent
Miami: $1,951/mo
Tampa: $1,435/mo
COL Index
Miami: 131
Tampa: 108
Median Income
Miami: $65,000
Tampa: $63,800
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
A $100,000 salary in Miami has the same purchasing power as $82,443 in Tampa — based on each city's cost of living index.
Homes in Tampa cost 37% more (-$230,000 extra). Expect a larger mortgage and down payment.
Renting in Tampa saves you $516/month — $6,192 per year. Median rent: $1,951/mo in Miami vs $1,435/mo in Tampa.
On a median-priced home, Miami owners pay roughly $5,642/year in property taxes vs $3,549/year in Tampa. Rates are comparable.
Median household income is $65,000 in Miami and $63,800 in Tampa. Incomes are similar, so cost of living differences matter more.
Average commute is 30 minutes in Miami vs 27 minutes in Tampa. Commute times are nearly identical.
To maintain the same lifestyle when moving from Miami to Tampa, here's the salary you'd need:
| Salary in Miami | Equivalent in Tampa | Difference |
|---|---|---|
| $50,000 | $41,221 | -$8,779 |
| $75,000 | $61,832 | -$13,168 |
| $100,000 | $82,443 | -$17,557 |
| $150,000 | $123,664 | -$26,336 |
| $200,000 | $164,885 | -$35,115 |
* Calculated using cost of living indices (national average = 100). Does not account for state income tax differences.
Mortgage Calculator
See monthly payments for homes in either city
Rent vs Buy
Is it cheaper to rent or buy in these markets?
Cost of Living
Full cost of living comparison tool
Home Appreciation
Project future home value growth
Affordability Calculator
How much home can you afford?
Property Tax Calculator
Estimate taxes in Miami or Tampa
Miami Calculators
Tampa Calculators
Based on cost of living indices, Tampa is cheaper overall. Miami has a COL index of 131 while Tampa scores 108 (national average = 100).
The median home price in Miami is $620,000 vs $390,000 in Tampa — a difference of $230,000 (37%).
Use the salary equivalence table above. For example, a $100K salary in Miami is equivalent to $82,443 in Tampa in terms of purchasing power.
Tampa has a lower property tax rate (0.91% vs 0.91%). On a median-priced home, that means paying $3,549/year vs $5,642/year.
Median monthly rent: $1,951 in Miami vs $1,435 in Tampa. Annualized: $23,412 vs $17,220.
Miami: $65,000/yr. Tampa: $63,800/yr (Census ACS).
Lower-cost Tampa typically lets remote-workers keeping a coastal salary stretch further. Higher-cost cities usually win on amenities and labor-market depth.
Numbers are pulled from Zillow ZHVI/ZORI (home values, rent), the U.S. Census Bureau ACS (income), and BEA RPP (cost-of-living index). Each value is timestamped on the page.
Source feeds refresh on their native cadence — hourly for mortgage rates, monthly for ZHVI/ZORI, annually for ACS. Page caches revalidate every 24 hours via Next.js ISR.
No. This page is educational reference using public data and standard formulas. It is not personalized tax, legal, or investment advice. Consult a licensed professional for material decisions.
City-level metrics (median home price, median rent, median household income, property tax rate, COL index, commute, unemployment, median age) are sourced from Zillow ZHVI/ZORI[1], Census ACS 5-year estimates[2], BEA Regional Price Parities[3], Tax Foundation[4], and BLS Local Area Unemployment Statistics[5].
The Cost of Living Index uses 100 = national average (C2ER methodology[6]): values above 100 indicate a city is more expensive than the national average, below 100 less expensive.
Salary equivalence uses the ratio adjustedSalary = salary × (colDestination / colOrigin). This accounts for cost-of-living differences but does not model state income tax variation, which can be significant.
Annual property tax is computed as medianHomePrice × propertyTaxRate. Actual assessed value may differ from sale price. Effective rates vary within a metro; these are metro-wide medians.
Commute-hours calculations assume 250 working days/year and a round-trip commute. "Tied" in the comparison table means values within ±1% of each other.
Last reviewed reflects the maximum retrievedAt timestamp across every sourced dataset feeding this page. When any source refreshes, the next ISR revalidation (every 24 hours) picks the new date.
Cost of living data sourced from [6] C2ER, [2] U.S. Census Bureau, and [1] Zillow Research. Tax rates from [4] Tax Foundation. Last reviewed .