Detroit is 59% cheaper than Miami.
When comparing Detroit, MI and Miami, FL, the overall cost of living indices are 53 and 129 respectively (national median = 100). Rent is $623/month cheaper in Detroit, saving renters about $7,476/year.
Median household income is $19,815/year higher in Miami. Home values also differ significantly — the median in Detroit is $76,800 compared to $475,200 in Miami.
Florida has no state income tax, giving Miami residents a significant tax advantage over Michigan's 4.25% rate.
Detroit vs Miami — common questions
Other cost of living comparisons for Detroit and Miami