Cost of Living: Miami, FL vs Peoria, AZ (2026)

Miami

Florida
129
VS

Peoria

Arizona
125

Miami is 3% more expensive than Peoria.

$1,657/mo ↓ 5%
Median Rent
$1,743/mo ↑ 5%
$59,390/yr ↓ 36%
Median Income
$93,403/yr ↑ 57%
$475,200 ↑ 11%
Home Value
$429,400 ↓ 10%
$1,666/mo ↑ 5%
Owner Costs
$1,589/mo ↓ 5%
446,663
Population
194,338

Tax Comparison

0%
Income Tax
2.5%
6.0%
State Sales Tax
5.6%
0.86%
Property Tax
0.62%

Affordability

33.5%
rent-to-income
Affordability
22.4%
rent-to-income

Detailed Comparison

When comparing Miami, FL and Peoria, AZ, the overall cost of living indices are 129 and 125 respectively (national median = 100). Rent is $86/month cheaper in Miami, saving renters about $1,032/year.

Median household income is $34,013/year higher in Peoria. Home values also differ significantly — the median in Miami is $475,200 compared to $429,400 in Peoria.

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

Frequently Asked Questions

Miami vs Peoria — common questions

Is Miami or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 125 compared to 129 (US average = 100).
What is the rent difference between Miami and Peoria?
Median rent in Miami is $1,657/month and in Peoria it's $1,743/month — a difference of $86/month.
Which city has higher income, Miami or Peoria?
Median household income is $59,390 in Miami and $93,403 in Peoria. Median household income is $34,013/year higher in Peoria.
How do taxes compare between Florida and Arizona?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax.
Should I move to Miami or Peoria?
It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/mo, while Peoria has a cost index of 125 with rent of $1,743/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Miami details → View Peoria details →

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