Earn Here, Spend ThereWhat is this money worth over there?
Compare cities βΊ Miami vs New York
Miami vs New York cost of living 2026
Which is cheaper, what exactly is cheaper, and how it feels on your money Β· Updated September 2026
πΊπΈ Miami
πΊπΈ New YorkMiami is 25% cheaper than New York
Living on $9,340 a month in Miami feels like about $11,647 in New York β same standard of living, compared by feel rather than exchange rate.
Per day
$382 vs $478
Per month
$9,340 vs $11,647
Local meal
$ 17 vs $ 20
$17 vs $20
Taxi 5 km
$ 18 vs $ 23
$18 vs $23
At a glance
FoodMiami 16% cheaper
CafΓ©s & drinksMiami 9% cheaper
TransportMiami 16% cheaper
StayMiami 28% cheaper
Funsimilar
- Where Miami is clearly cheaper: Studio rent (month) (33%β), Transit (22%β), Taxi (22%β)
Item by item
| Item | Miami | New York | Cheaper |
|---|---|---|---|
| Local mealper person | $ 17$17 | $ 20$20 | Miami β15% |
| Street food1 item | $ 7.7$7.7 | $ 9$9 | Miami β14% |
| Restaurant dinnerper person | $ 45$45 | $ 55$55 | Miami β18% |
| Coffeeone cup | $ 5.5$5.5 | $ 6$6 | Miami β8% |
| Beerone bottle | $ 8$8 | $ 9$9 | Miami β11% |
| Cocktail & wineone cup | $ 21$21 | $ 23$23 | Miami β9% |
| Bottled water | $ 2$2 | $ 2.5$2.5 | Miami β20% |
| Convenience store1 snack or drink | $ 5$5 | $ 6.3$6.3 | Miami β21% |
| Taxi5 km in town | $ 18$18 | $ 23$23 | Miami β22% |
| Tuk-tuk / moto taxishort hop | $ 14$14 | $ 14$14 | similar |
| Transitone ride | $ 2.25$2.25 | $ 2.9$2.9 | Miami β22% |
| Scooter rentalper day | $ 69$69 | $ 68$68 | similar |
| Hotel night3-star | $ 220$220 | $ 280$280 | Miami β21% |
| Studio rent (month) | $ 2,600$2,600 | $ 3,900$3,900 | Miami β33% |
| Laundry | $ 4.5$4.5 | $ 4.5$4.5 | similar |
| SIM card1 week data | $ 29$29 | $ 28$28 | similar |
| Haircutcut | $ 39$39 | $ 39$39 | similar |
| Massage1 hour | $ 110$110 | $ 110$110 | similar |
| Half-day tourper person | $ 100$100 | $ 100$100 | similar |
| Entry ticketTourist town | $ 29$29 | $ 28$28 | similar |
Reference prices start as estimates from published price levels; items with 3+ traveler reports use the median of real reports. Hostels and local eateries cut both by 30%+.
FAQ
Which is cheaper, Miami or New York?
Miami is 25% cheaper than New York. Daily budget $382 vs $478; a month $9,340 vs $11,647.
How do monthly costs compare between Miami and New York?
With a short-term studio and living costs, Miami is about $9,340 and New York about $11,647 per month.
Where do the numbers come from?
They start as estimates informed by published price levels; any item with 3+ traveler reports switches to the median of real reports. Live reports are in the app.