Median rent is 3% lower in Tampa ($1,701/mo vs $1,758/mo). Buying is cheaper in Tampa, where the median home runs $420,400 versus $518,100. Households earn more in Tampa ($75,475 vs $62,462 a year). Taken together, Tampa is the more affordable choice with a cost index of 102.5 against 112.1 — about 9% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Tampa, FL.
Cost of living verdict
Tampa is 9% cheaper overall
Cost of Living Index: 102.5 in Tampa vs 112.1 in Miami (US national average = 100)
City A
Miami, FL
City B
Tampa, FL
How much would you need to earn in Tampa, FL to maintain your standard of living from Miami, FL?
Equivalent salary in Tampa, FL
$68,566
You could earn $6,434 less (9% lower) and break even.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Miami
Florida
Tampa
Florida
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Median rents are similar in both cities: $1,758/mo in Miami and $1,701/mo in Tampa. Median home values are within 19% of each other: $518,100 in Miami and $420,400 in Tampa.
Metric
Miami
Tampa
Software Developer
Registered Nurse
Elementary Teacher
Electrician
Accountant
Higher wage highlighted · BLS OEWS 2023 (metro-level data)
State tax data is not yet available for these cities.
Miami
Income tax: N/A
Sales tax: N/A
Tampa
Income tax: N/A
Sales tax: N/A
Miami has cleaner air on average: 37.0 AQI (Good) compared to 64.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick Tampa if you prioritize lower overall cost of living (index 102.5 vs 112.1).
Pick Tampa if you prioritize higher median household income ($75,475/yr).
Pick Miami if you prioritize cleaner air quality (avg AQI 37.0).
Tampa is cheaper overall, with a cost of living index of 102.5 versus 112.1 (US average = 100). That means prices run about 9% lower in Tampa.
Median rent is $1,758/mo in Miami, FL and $1,701/mo in Tampa, FL. Tampa, FL has the lower rent by about 3%.
Median household income is $62,462 in Miami, FL and $75,475 in Tampa, FL. Tampa, FL has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Miami, FL has better air quality on average: 37.0 AQI versus 64.0 AQI. Both are EPA AirNow annual averages; lower is better.
State tax data is not yet available for one or both cities.
To maintain the same purchasing power, a salary of $100,000 in Miami, FL is equivalent to roughly $91,422 in Tampa, FL (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
