Median rent is 12% lower in New York ($1,779/mo vs $2,024/mo). Buying is cheaper in Miami Lakes, where the median home runs $577,300 versus $751,700. Households earn more in Miami Lakes ($97,255 vs $79,713 a year).
City A
Miami Lakes, FL
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Miami Lakes, FL?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Miami Lakes
Florida
New York
New York
👥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: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rent is modestly lower in New York at $1,779/mo compared to $2,024/mo in Miami Lakes (12% gap). Home buyers face a steeper market in New York: the median home is $751,700 versus $577,300 in Miami Lakes — 23% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Florida has no state income tax, while New York tops out at 10.90% — giving Miami Lakes a clear advantage for high earners. Sales tax is 6.00% in Florida and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Miami Lakes
Income tax: None
Sales tax: 6.00%
New York
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Miami Lakes.
Pick Miami Lakes if you prioritize higher median household income ($97,255/yr).
Pick New York if you prioritize cheaper rent ($1,779/mo median).
Pick Miami Lakes if you prioritize no state income tax.
Is Miami Lakes cheaper than New York?
Cost of living index data is not yet available for one or both cities.
How much is rent in Miami Lakes vs New York?
Median rent is $2,024/mo in Miami Lakes, FL and $1,779/mo in New York, NY. New York, NY has the lower rent by about 12%.
Which has higher salaries — Miami Lakes or New York?
Median household income is $97,255 in Miami Lakes, FL and $79,713 in New York, NY. Miami Lakes, FL has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Miami Lakes or New York?
Florida has no state income tax. New York has a top rate of 10.90%.
What salary do I need in New York to match my Miami Lakes income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology