Cost of Living: Miami, FL vs Independence, MO (2026)

Miami

Florida
129
VS

Independence

Missouri
67

Miami is 93% more expensive than Independence.

$1,657/mo ↑ 56%
Median Rent
$1,061/mo ↓ 36%
$59,390/yr ≈ Same
Median Income
$59,480/yr ≈ Same
$475,200 ↑ 186%
Home Value
$166,400 ↓ 65%
$1,666/mo ↑ 59%
Owner Costs
$1,046/mo ↓ 37%
446,663
Population
121,944

Tax Comparison

0%
Income Tax
4.95%
6.0%
State Sales Tax
4.225%
0.86%
Property Tax
0.93%

Affordability

33.5%
rent-to-income
Affordability
21.4%
rent-to-income

Detailed Comparison

When comparing Miami, FL and Independence, MO, the overall cost of living indices are 129 and 67 respectively (national median = 100). Rent is $596/month cheaper in Independence, saving renters about $7,152/year.

Median household income is $90/year higher in Independence. Home values also differ significantly — the median in Miami is $475,200 compared to $166,400 in Independence.

Florida has no state income tax, giving Miami residents a significant tax advantage over Missouri's 4.95% rate.

Frequently Asked Questions

Miami vs Independence — common questions

Is Miami or Independence cheaper to live in?
Based on our cost index, Independence is cheaper to live in with an index of 67 compared to 129 (US average = 100).
What is the rent difference between Miami and Independence?
Median rent in Miami is $1,657/month and in Independence it's $1,061/month — a difference of $596/month.
Which city has higher income, Miami or Independence?
Median household income is $59,390 in Miami and $59,480 in Independence. Median household income is $90/year higher in Independence.
How do taxes compare between Florida and Missouri?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax.
Should I move to Miami or Independence?
It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/mo, while Independence has a cost index of 67 with rent of $1,061/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Miami details → View Independence details →

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