Cost of Living: Miami, FL vs Honolulu, HI (2026)

Miami

Florida
129
VS

Honolulu

Hawaii
175

Miami is 26% cheaper than Honolulu.

$1,657/mo ↓ 7%
Median Rent
$1,783/mo ↑ 8%
$59,390/yr ↓ 30%
Median Income
$85,428/yr ↑ 44%
$475,200 ↓ 43%
Home Value
$834,100 ↑ 76%
$1,666/mo ↓ 8%
Owner Costs
$1,809/mo ↑ 9%
446,663
Population
346,323

Tax Comparison

0%
Income Tax
11.0%
6.0%
State Sales Tax
4.0%
0.86%
Property Tax
0.32%

Affordability

33.5%
rent-to-income
Affordability
25.0%
rent-to-income

Detailed Comparison

When comparing Miami, FL and Honolulu, HI, the overall cost of living indices are 129 and 175 respectively (national median = 100). Rent is $126/month cheaper in Miami, saving renters about $1,512/year.

Median household income is $26,038/year higher in Honolulu. Home values also differ significantly — the median in Miami is $475,200 compared to $834,100 in Honolulu.

Florida has no state income tax, giving Miami residents a significant tax advantage over Hawaii's 11.0% rate.

Frequently Asked Questions

Miami vs Honolulu — common questions

Is Miami or Honolulu cheaper to live in?
Based on our cost index, Miami is cheaper to live in with an index of 129 compared to 175 (US average = 100).
What is the rent difference between Miami and Honolulu?
Median rent in Miami is $1,657/month and in Honolulu it's $1,783/month — a difference of $126/month.
Which city has higher income, Miami or Honolulu?
Median household income is $59,390 in Miami and $85,428 in Honolulu. Median household income is $26,038/year higher in Honolulu.
How do taxes compare between Florida and Hawaii?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Hawaii has 11.0% income tax, 4.0% sales tax, and 0.32% property tax.
Should I move to Miami or Honolulu?
It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/mo, while Honolulu has a cost index of 175 with rent of $1,783/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Miami details → View Honolulu details →

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