Miami, FL vs Plano, TX: 129 vs 132

$1,657/mo ↓ 8%

Median Rent

$1,792/mo ↑ 8%

$59,390/yr ↓ 45%

Median Income

$108,649/yr ↑ 83%

$475,200 ↑ 8%

Home Value

$440,600 ↓ 7%

$1,666/mo ↓ 9%

Owner Costs

$1,829/mo ↑ 10%

446,663

Population

287,339

Detailed Comparison

When comparing Miami, FL and Plano, TX, the overall cost of living indices are 129 and 132 respectively (national median = 100). Rent is $135/month cheaper in Miami, saving renters about $1,620/year.

Median household income is $49,259/year higher in Plano. Home values also differ significantly — the median in Miami is $475,200 compared to $440,600 in Plano.

Frequently Asked Questions

Miami vs Plano — common questions

Is Miami or Plano cheaper to live in?

Based on our cost index, Miami is cheaper to live in with an index of 129 compared to 132 (US average = 100).

What is the rent difference between Miami and Plano?

Median rent in Miami is $1,657/month and in Plano it's $1,792/month — a difference of $135/month.

Which city has higher income, Miami or Plano?

Median household income is $59,390 in Miami and $108,649 in Plano. Median household income is $49,259/year higher in Plano.

How do taxes compare between Florida and Texas?

Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.

Should I move to Miami or Plano?

It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/mo, while Plano has a cost index of 132 with rent of $1,792/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Miami, FL vs Plano, TX (2026)

Miami

Plano

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

More Comparisons