Cost of Living: Miami, FL vs Yonkers, NY (2026)

Miami

Florida
129
VS

Yonkers

New York
133

Miami is 3% cheaper than Yonkers.

$1,657/mo ↓ 4%
Median Rent
$1,730/mo ↑ 4%
$59,390/yr ↓ 27%
Median Income
$81,816/yr ↑ 38%
$475,200 ≈ Same
Home Value
$478,000 ≈ Same
$1,666/mo ↓ 5%
Owner Costs
$1,759/mo ↑ 6%
446,663
Population
209,529

Tax Comparison

0%
Income Tax
10.9%
6.0%
State Sales Tax
4.0%
0.86%
Property Tax
1.62%

Affordability

33.5%
rent-to-income
Affordability
25.4%
rent-to-income

Detailed Comparison

When comparing Miami, FL and Yonkers, NY, the overall cost of living indices are 129 and 133 respectively (national median = 100). Rent is $73/month cheaper in Miami, saving renters about $876/year.

Median household income is $22,426/year higher in Yonkers. Home values also differ significantly — the median in Miami is $475,200 compared to $478,000 in Yonkers.

Florida has no state income tax, giving Miami residents a significant tax advantage over New York's 10.9% rate.

Frequently Asked Questions

Miami vs Yonkers — common questions

Is Miami or Yonkers cheaper to live in?
Based on our cost index, Miami is cheaper to live in with an index of 129 compared to 133 (US average = 100).
What is the rent difference between Miami and Yonkers?
Median rent in Miami is $1,657/month and in Yonkers it's $1,730/month — a difference of $73/month.
Which city has higher income, Miami or Yonkers?
Median household income is $59,390 in Miami and $81,816 in Yonkers. Median household income is $22,426/year higher in Yonkers.
How do taxes compare between Florida and New York?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax.
Should I move to Miami or Yonkers?
It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/mo, while Yonkers has a cost index of 133 with rent of $1,730/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Miami details → View Yonkers details →

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