Miami
New YorkVS
Miami is 23% cheaper than New York overall.
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| Miami | New York | |
|---|---|---|
| Rent (1BR City Centre) | $3,643.64 CAD | $5,465.46 CAD |
| Rent (1BR Outside Centre) | $2,942.94 CAD | $4,344.34 CAD |
| Groceries Index | 108 | 120 |
| Monthly Transit Pass | $156.96 CAD | $184.98 CAD |
| Utilities (monthly) | $210.21 CAD | $224.22 CAD |
| Gas (per litre) | $1.33 CAD | $1.47 CAD |
| Mid-range Meal | $33.63 CAD | $42.04 CAD |
| Gym Membership | $77.08 CAD | $112.11 CAD |
| Childcare (monthly) | $1,961.96 CAD | $3,083.08 CAD |
Each city is shown in your selected currency (toggle CAD/USD in the header); cheaper values are highlighted after converting to a common currency. Updated June 2026.
Salary Equivalence Calculator
If you earn $in Miami...
You would need $78,092 in New York to maintain the same lifestyle.
Frequently asked questions
Is Miami cheaper than New York?
Miami is 23% cheaper than New York overall.
How much is rent in Miami vs New York?
A one-bedroom in the city centre averages $2,600 USD per month in Miami and $3,900 USD in New York. Outside the centre, it is $2,100 USD in Miami and $3,100 USD in New York.
What salary do I need to move from Miami to New York?
On average, you need about 130% of your current salary — for example, $60,000 in Miami is roughly equivalent to $78,092 in New York.