Cost of Living: Miami, FL vs Billings, MT (2026)

Miami

Florida
129
VS

Billings

Montana
86

Miami is 50% more expensive than Billings.

$1,657/mo ↑ 51%
Median Rent
$1,097/mo ↓ 34%
$59,390/yr ↓ 17%
Median Income
$71,855/yr ↑ 21%
$475,200 ↑ 52%
Home Value
$311,800 ↓ 34%
$1,666/mo ↑ 42%
Owner Costs
$1,177/mo ↓ 29%
446,663
Population
118,321

Tax Comparison

0%
Income Tax
6.75%
6.0%
State Sales Tax
0%
0.86%
Property Tax
0.74%

Affordability

33.5%
rent-to-income
Affordability
18.3%
rent-to-income

Detailed Comparison

When comparing Miami, FL and Billings, MT, the overall cost of living indices are 129 and 86 respectively (national median = 100). Rent is $560/month cheaper in Billings, saving renters about $6,720/year.

Median household income is $12,465/year higher in Billings. Home values also differ significantly — the median in Miami is $475,200 compared to $311,800 in Billings.

Florida has no state income tax, giving Miami residents a significant tax advantage over Montana's 6.75% rate.

Frequently Asked Questions

Miami vs Billings — common questions

Is Miami or Billings cheaper to live in?
Based on our cost index, Billings is cheaper to live in with an index of 86 compared to 129 (US average = 100).
What is the rent difference between Miami and Billings?
Median rent in Miami is $1,657/month and in Billings it's $1,097/month — a difference of $560/month.
Which city has higher income, Miami or Billings?
Median household income is $59,390 in Miami and $71,855 in Billings. Median household income is $12,465/year higher in Billings.
How do taxes compare between Florida and Montana?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Montana has 6.75% income tax, 0% sales tax, and 0.74% property tax.
Should I move to Miami or Billings?
It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/mo, while Billings has a cost index of 86 with rent of $1,097/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Miami details → View Billings details →

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