Cost of Living: Miami, FL vs Fargo, ND (2026)

Miami

Florida
129
VS

Fargo

North Dakota
73

Miami is 77% more expensive than Fargo.

$1,657/mo ↑ 81%
Median Rent
$916/mo ↓ 45%
$59,390/yr ↓ 10%
Median Income
$66,029/yr ↑ 11%
$475,200 ↑ 76%
Home Value
$269,800 ↓ 43%
$1,666/mo ↑ 67%
Owner Costs
$997/mo ↓ 40%
446,663
Population
129,064

Tax Comparison

0%
Income Tax
2.5%
6.0%
State Sales Tax
5.0%
0.86%
Property Tax
0.98%

Affordability

33.5%
rent-to-income
Affordability
16.6%
rent-to-income

Detailed Comparison

When comparing Miami, FL and Fargo, ND, the overall cost of living indices are 129 and 73 respectively (national median = 100). Rent is $741/month cheaper in Fargo, saving renters about $8,892/year.

Median household income is $6,639/year higher in Fargo. Home values also differ significantly — the median in Miami is $475,200 compared to $269,800 in Fargo.

Florida has no state income tax, giving Miami residents a significant tax advantage over North Dakota's 2.5% rate.

Frequently Asked Questions

Miami vs Fargo — common questions

Is Miami or Fargo cheaper to live in?
Based on our cost index, Fargo is cheaper to live in with an index of 73 compared to 129 (US average = 100).
What is the rent difference between Miami and Fargo?
Median rent in Miami is $1,657/month and in Fargo it's $916/month — a difference of $741/month.
Which city has higher income, Miami or Fargo?
Median household income is $59,390 in Miami and $66,029 in Fargo. Median household income is $6,639/year higher in Fargo.
How do taxes compare between Florida and North Dakota?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. North Dakota has 2.5% income tax, 5.0% sales tax, and 0.98% property tax.
Should I move to Miami or Fargo?
It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/mo, while Fargo has a cost index of 73 with rent of $916/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Miami details → View Fargo details →

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