Cost of Living: Austin, TX vs Miami, FL (2026)

Austin

Texas
134
VS

Miami

Florida
129

Austin is 4% more expensive than Miami.

$1,655/mo ≈ Same
Median Rent
$1,657/mo ≈ Same
$91,461/yr ↑ 54%
Median Income
$59,390/yr ↓ 35%
$512,700 ↑ 8%
Home Value
$475,200 ↓ 7%
$1,747/mo ↑ 5%
Owner Costs
$1,666/mo ↓ 5%
967,862
Population
446,663

Tax Comparison

0%
Income Tax
0%
6.25%
State Sales Tax
6.0%
1.6%
Property Tax
0.86%

Affordability

21.7%
rent-to-income
Affordability
33.5%
rent-to-income

Detailed Comparison

When comparing Austin, TX and Miami, FL, the overall cost of living indices are 134 and 129 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $32,071/year higher in Austin. Home values also differ significantly — the median in Austin is $512,700 compared to $475,200 in Miami.

Frequently Asked Questions

Austin vs Miami — common questions

Is Austin or Miami cheaper to live in?
Based on our cost index, Miami is cheaper to live in with an index of 129 compared to 134 (US average = 100).
What is the rent difference between Austin and Miami?
Median rent in Austin is $1,655/month and in Miami it's $1,657/month — a difference of $2/month.
Which city has higher income, Austin or Miami?
Median household income is $91,461 in Austin and $59,390 in Miami. Median household income is $32,071/year higher in Austin.
How do taxes compare between Texas and Florida?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Austin or Miami?
It depends on your priorities. Austin has a cost index of 134 with median rent of $1,655/mo, while Miami has a cost index of 129 with rent of $1,657/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Austin details → View Miami details →

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