Austin, TX vs Miami, FL
Compare rent, home prices, and affordability for up to 3 US cities.
The Verdict
Austin, TX is cheaper — a 2-bedroom averages $1,949/mo versus $2,329/mo in Miami, FL, 16% ($380/mo) less. Over a year that is $4,560 more in rent for the same size unit.
Income Needed
To rent a 2-bedroom without exceeding the 30% rule, you need about $93,160/year in Miami, FL versus $77,960/year in Austin, TX — a $15,200 difference in required salary.
Home Prices
The median home costs $510,722 in Austin, TX versus $581,864 in Miami, FL — 14% higher. Buyers priced out of Miami, FL may find Austin, TX more attainable.
Select Cities (2/3)
Austin, TX
Miami, FL
| Metric | Austin TX | Miami FL |
|---|---|---|
| Studio Rent | $1,549✓ | $1,711 |
| 1BR Rent | $1,650✓ | $1,898 |
| 2BR Rent | $1,949✓ | $2,329 |
| 3BR Rent | $2,484✓ | $3,008 |
| 4BR Rent | $2,882✓ | $3,527 |
| Median Home Value | $510,722✓ | $581,864 |
| Price per sqft | — | — |
| Median Income | $97,638 | $73,481✓ |
| Income to Rent 2BR | $77,960/yr✓ | $93,160/yr |