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Miami vs Phoenix: cost of living, pay and jobs compared
Phoenix is the cheaper place to live: overall prices run 10% lower than in Miami, and housing runs 28% lower. Phoenix pays more in dollars (a typical official wage of $51,500 against $48,500), and after local prices are counted the typical paycheck goes further in Phoenix ($49,500 against $42,500 in average-US dollars).
The short answer
- Prices: Miami runs 10% higher than Phoenix overall, and housing runs 28% higher.
- To keep the buying power of $100,000 in Phoenix, you need about $110,500 in Miami. To keep $100,000 from Miami, you need about $90,500 in Phoenix.
- Official median wage for all jobs: $48,500 in Miami, $51,500 in Phoenix.
- Median pay listed in open postings: $115,000 in Miami, $117,500 in Phoenix.
- Open postings in our data: 2,312 in Miami from 459 employers, 2,893 in Phoenix from 443 employers.
- Unemployment: 3.7% in Miami, 4.9% in Phoenix (BLS).
Miami and Phoenix side by side
| Measure | Miami | Phoenix | Edge |
|---|---|---|---|
| Overall price level (US = 100) | 114.2 | 103.3 | Phoenix |
| Housing price level | 155.6 | 121.2 | Phoenix |
| Official median wage, all jobs | $48,500 | $51,500 | Phoenix |
| Paycheck power (wage adjusted for prices) | $42,500 | $49,500 | Phoenix |
| Median pay in open postings | $115,000 | $117,500 | Phoenix |
| Postings that list pay | 21.2% | 20.5% | Miami |
| Open postings in our data | 2,312 | 2,893 | – |
| Employers hiring in our data | 459 | 443 | – |
| Unemployment rate (BLS) | 3.7% | 4.9% | Miami |
| Postings open more than 60 days | 32.1% | 32.6% | About the same |
| Median days a posting has been open | 30 | 30 | About the same |
| Entry-level share of postings | 16.5% | 11.6% | – |
| Remote share of postings | 5.7% | 3% | – |
| Indeed postings index vs Feb 2020 | +8.3% | +12.8% | Phoenix |
"Edge" shows which area looks better on that measure (lower prices, higher pay, lower unemployment, fewer stale postings); counts and shares have no edge. Within 2% counts as about the same.
Cost of living
Miami prices sit 114.2 against a US average of 100 and Phoenix at 103.3. The biggest difference is housing: 155.6 in Miami against 121.2 in Phoenix. Utilities are 4% higher in Miami. The index covers goods and services including rent and home costs, so it measures what a typical household spends, not what your own budget looks like.
| Price level (US = 100) | Miami | Phoenix | Miami vs Phoenix |
|---|---|---|---|
| All items | 114.2 | 103.3 | 10% higher |
| Housing | 155.6 | 121.2 | 28% higher |
| Goods | 103.6 | 95 | 9% higher |
| Utilities | 97.2 | 93.3 | 4% higher |
| Other services | 109.1 | 104 | 5% higher |
What a salary is worth in each place
Each row keeps your purchasing power the same. The left half moves a salary from Phoenix to Miami; the right half moves it the other way. "If only housing moved" uses the housing price level alone, for someone whose biggest cost is rent or a mortgage.
| Salary in Phoenix | Matching salary in Miami | If only housing moved | Salary in Miami | Matching salary in Phoenix | If only housing moved |
|---|---|---|---|---|---|
| $50,000 | $55,000 | $64,000 | $50,000 | $45,500 | $39,000 |
| $75,000 | $83,000 | $96,000 | $75,000 | $68,000 | $58,500 |
| $100,000 | $110,500 | $128,500 | $100,000 | $90,500 | $78,000 |
| $125,000 | $138,000 | $160,500 | $125,000 | $113,000 | $97,500 |
| $150,000 | $165,500 | $192,500 | $150,000 | $136,000 | $117,000 |
| $200,000 | $221,000 | $256,500 | $200,000 | $181,000 | $156,000 |
As hourly pay (2,080 hours a year): $100,000 a year is about $48.10 an hour; the matching figure is about $53.12 an hour in Miami for someone earning $100,000 in Phoenix.
Pay for the same job
Across the 57 occupations that the Bureau of Labor Statistics measures in both areas, the median wage is higher in Miami for 15 and higher in Phoenix for 42. After local prices are counted, Miami comes out ahead in 7 and Phoenix in 50. The widest gap among the 15 largest occupations is waiters and waitresses: $36,100 in Miami against $47,500 in Phoenix.
| Occupation (15 largest) | Miami median | Phoenix median | Miami adjusted for prices | Phoenix adjusted for prices |
|---|---|---|---|---|
| Retail Salespersons | $34,300 | $36,000 | $30,100 | $34,800 |
| General and Operations Managers | $105,600 | $98,600 | $92,500 | $95,400 |
| Customer Service Representatives | $39,600 | $46,400 | $34,700 | $44,900 |
| Registered Nurses | $91,400 | $100,800 | $80,000 | $97,600 |
| Fast Food and Counter Workers | $29,600 | $34,500 | $25,900 | $33,400 |
| Laborers and Freight, Stock, and Material Movers, Hand | $38,600 | $45,000 | $33,800 | $43,500 |
| Cashiers | $30,300 | $34,900 | $26,500 | $33,800 |
| Waiters and Waitresses | $36,100 | $47,500 | $31,600 | $46,000 |
| Office Clerks, General | $44,700 | $47,700 | $39,200 | $46,100 |
| Stockers and Order Fillers | $36,100 | $37,700 | $31,600 | $36,500 |
| Home Health and Personal Care Aides | $32,900 | $36,900 | $28,800 | $35,700 |
| Janitors and Cleaners, Except Maids and Housekeeping Cleaners | $34,200 | $36,300 | $29,900 | $35,100 |
| Security Guards | $36,000 | $38,300 | $31,600 | $37,100 |
| Heavy and Tractor-Trailer Truck Drivers | $51,600 | $59,800 | $45,200 | $57,900 |
| Cooks, Restaurant | $36,900 | $39,200 | $32,300 | $37,900 |
Median annual wage for everyone in the occupation, all employers, May 2025 (BLS). "Adjusted" divides the wage by the area's price level (BEA, US = 100), so dollars are comparable.
Pay employers are offering right now
The wages above are what people earn in jobs they already hold. Open postings show what employers are offering today. In the job families where both areas have at least 15 postings that list pay, the median listed salary is higher in Miami for 1 of 3 and higher in Phoenix for 2. Posted pay tends to run above the all-worker median because it leans toward hiring for experienced roles at larger employers.
| Job family | Miami median listed pay | Postings | Phoenix median listed pay | Postings |
|---|---|---|---|---|
| Sales | $105,000 | 67 | $111,000 | 57 |
| Operations and logistics | $92,500 | 18 | $107,500 | 36 |
| Nursing and clinical care | $124,000 | 20 | $123,500 | 19 |
Only postings that list a salary are counted. Median of the middle of each listed range. Job families need at least 15 such postings in both areas to appear.
Who is hiring
Miami's postings lean toward healthcare & life sciences (19.8%), while Phoenix's lean toward software & technology (19.1%). The mix matters because pay and hiring conditions differ a lot by industry.
- Largest posters in Miami: CenterWell (98), Floor & Decor (68), Lennar (62), RaceTrac (62), Veterinaryemergencygroupst (54).
- Largest posters in Phoenix: Carvana (155), Axon (96), Lucid Motors (86), Intel (81), Marketechinternationalcorporationusa (77).
Counts are open postings on each employer's own career page in our data; one big employer can shape a local market.
The job market
- Postings have been open a median of 30 days in Miami and 30 in Phoenix; 32.1% and 32.6% have been open more than 60 days.
- Entry-level roles are 16.5% of postings in Miami and 11.6% in Phoenix; senior and above are 35.7% and 34%.
- Fully remote roles are 5.7% of postings in Miami and 3% in Phoenix.
- Indeed's postings index sits 8.3% above its February 2020 level in Miami and 12.8% above in Phoenix.
- 21.2% of postings in Miami list pay, against 20.5% in Phoenix.
Which is better for you?
- If you can keep your current salary and move, the place with the lower price level (Phoenix) stretches it further: $100,000 in Miami has the buying power of about $90,500 in Phoenix.
- If you will be paid the local going rate, Phoenix comes out ahead after prices on the typical wage ($49,500 against $42,500).
- If housing is your biggest cost, the gap there (155.6 vs 121.2) matters more than the overall index.
No place is better for everyone. Taxes, commute, schools, climate and your own spending are not in these numbers.
Questions
Is it cheaper to live in Miami or Phoenix?
Phoenix is cheaper. Overall prices run 10% lower than in Miami, and housing runs 28% lower (BEA regional price parities, 2024, where the US average is 100).
How much do I need to earn in Miami to match $100,000 in Phoenix?
About $110,500 a year, using the ratio of overall price levels (114.2 in Miami, 103.3 in Phoenix). Prices only; taxes are not included.
Which city pays more, Miami or Phoenix?
Phoenix has the higher typical wage across all jobs: $51,500 against $48,500 (BLS, May 2025). After local prices, Phoenix has the higher paycheck power: $49,500 against $42,500 in average-US dollars.
Which has more job openings?
In the postings we read from employers' own career pages, Phoenix has more: 2,893 against 2,312. This is a sample of employer postings, not a census of every job.
Where do these numbers come from?
Prices come from the Bureau of Economic Analysis, wages and unemployment from the Bureau of Labor Statistics, and postings from employers' own career pages, collected October 2026. Every figure on this page is in a table or chart above.
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Updated October 2026. Prices only: taxes and personal spending are not included. Price levels: Bureau of Economic Analysis regional price parities, 2024. Wages and unemployment: Bureau of Labor Statistics (wages May 2025). Postings: employers' own career pages, October 2026. Methodology