Miami, FL vs Lexington, KY: 129 vs 82

$1,657/mo ↑ 50%

Median Rent

$1,101/mo ↓ 34%

$59,390/yr ↓ 12%

Median Income

$67,631/yr ↑ 14%

$475,200 ↑ 75%

Home Value

$272,100 ↓ 43%

$1,666/mo ↑ 44%

Owner Costs

$1,160/mo ↓ 30%

446,663

Population

321,122

Detailed Comparison

When comparing Miami, FL and Lexington, KY, the overall cost of living indices are 129 and 82 respectively (national median = 100). Rent is $556/month cheaper in Lexington, saving renters about $6,672/year.

Median household income is $8,241/year higher in Lexington. Home values also differ significantly — the median in Miami is $475,200 compared to $272,100 in Lexington.

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

Frequently Asked Questions

Miami vs Lexington — common questions

Is Miami or Lexington cheaper to live in?

Based on our cost index, Lexington is cheaper to live in with an index of 82 compared to 129 (US average = 100).

What is the rent difference between Miami and Lexington?

Median rent in Miami is $1,657/month and in Lexington it's $1,101/month — a difference of $556/month.

Which city has higher income, Miami or Lexington?

Median household income is $59,390 in Miami and $67,631 in Lexington. Median household income is $8,241/year higher in Lexington.

How do taxes compare between Florida and Kentucky?

Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Kentucky has 4.0% income tax, 6.0% sales tax, and 0.83% property tax.

Should I move to Miami or Lexington?

It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/mo, while Lexington has a cost index of 82 with rent of $1,101/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

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

Miami

Lexington

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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