Miami, FLPhoenix, AZ
You would need around 30.9% less money in Phoenix, AZ to maintain the same standard of living you have in Miami, FL.
Overall Cost of Living
Phoenix, AZ is cheaper than Miami, FL
1-Bed Rent (City Center)
Groceries (Monthly)
Average Net Salary
Editorial Insight: Planning a move from Miami, FL to Phoenix, AZ? Based on our verified data model, you are looking at a fantastic geo-arbitrage opportunity. Overall, the cost of living in Phoenix, AZ is 30.9% cheaper. Housing is typically the biggest financial win—renting a 1-bedroom apartment in Phoenix, AZ's center costs around 1,790 USD, which is a staggering 36.5% less than in Miami, FL. If you are retaining a remote income, the Remote Wealth team ranks this as a highly strategic move for wealth accumulation.
Reviewed by the Remote Wealth Editorial Team
Our cost of living data for Miami, FL and Phoenix, AZ is compiled using our rigorous verification methodology. We combine millions of data points from reliable sources to ensure you get the most accurate financial comparison for your relocation.
Read more about our team →Salary Comparator
Find out exactly how much you need to earn in Phoenix, AZ to maintain your current lifestyle in Miami, FL.
You need in Phoenix, AZ
2,937 USD
Geo-Arbitrage FIRE
Discover how moving to a cheaper city accelerates your Financial Independence and Retire Early (FIRE) timeline.
By moving from Miami, FL to Phoenix, AZ and investing the 31% cost of living difference, you could reach FIRE 4.6 years earlier.
Budget Simulator
Instantly adapt your Miami, FL budget to local Phoenix, AZ prices. We automatically adjust housing, groceries, and leisure categories.
Investment Planner
You save 1030 USD every month on rent alone by moving to Phoenix, AZ.
Investing this rent difference in an S&P 500 index fund could grow to ~173,040 USD in 10 years.