Cost of Living: Louisville, KY vs Miami, FL (2026)

Louisville

Kentucky
74
VS

Miami

Florida
129

Louisville is 43% cheaper than Miami.

$1,069/mo ↓ 35%
Median Rent
$1,657/mo ↑ 55%
$64,731/yr ↑ 9%
Median Income
$59,390/yr ↓ 8%
$221,500 ↓ 53%
Home Value
$475,200 ↑ 115%
$1,118/mo ↓ 33%
Owner Costs
$1,666/mo ↑ 49%
627,210
Population
446,663

Tax Comparison

4.0%
Income Tax
0%
6.0%
State Sales Tax
6.0%
0.83%
Property Tax
0.86%

Affordability

19.8%
rent-to-income
Affordability
33.5%
rent-to-income

Detailed Comparison

When comparing Louisville, KY and Miami, FL, the overall cost of living indices are 74 and 129 respectively (national median = 100). Rent is $588/month cheaper in Louisville, saving renters about $7,056/year.

Median household income is $5,341/year higher in Louisville. Home values also differ significantly — the median in Louisville is $221,500 compared to $475,200 in Miami.

Florida has no state income tax, giving Miami residents a significant tax advantage over Kentucky's 4.0% rate.

Frequently Asked Questions

Louisville vs Miami — common questions

Is Louisville or Miami cheaper to live in?
Based on our cost index, Louisville is cheaper to live in with an index of 74 compared to 129 (US average = 100).
What is the rent difference between Louisville and Miami?
Median rent in Louisville is $1,069/month and in Miami it's $1,657/month — a difference of $588/month.
Which city has higher income, Louisville or Miami?
Median household income is $64,731 in Louisville and $59,390 in Miami. Median household income is $5,341/year higher in Louisville.
How do taxes compare between Kentucky and Florida?
Kentucky has 4.0% income tax, 6.0% sales tax, and 0.83% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Louisville or Miami?
It depends on your priorities. Louisville has a cost index of 74 with median rent of $1,069/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.
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