Miami vs Phoenix
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Miami vs Phoenix
Phoenix is 31% more affordable for homebuyers. Miami has a price-to-income ratio of 8.5x compared to 5.5x in Phoenix.
| Metric | Miami | Phoenix |
|---|---|---|
| Avg Home Price | $550,000 | $380,000 |
| Price / sqm | $7,200 | $3,800 |
| Rent (1BR) | $2,600/mo | $1,300/mo |
| Rent (3BR) | $4,000/mo | $2,000/mo |
| Price-to-Income | 8.5x | 5.5x |
| Mortgage Rate | 6.8% | 6.8% |
| 1yr Change | +4.5% | +2.8% |
| Median Income | $65,000/yr | $69,000/yr |
| Population | 470,000 | 1,600,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Miami or Phoenix more expensive?
Phoenix is more affordable. Home prices differ by $170,000 (31%).
Which city has cheaper rent, Miami or Phoenix?
Rent for a 1BR in Miami is $2,600/mo vs $1,300/mo in Phoenix.
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