Miami, FL vs Boston, MA
Compare rent, home prices, and affordability for up to 3 US cities.
The Verdict
Miami, FL is cheaper — a 2-bedroom averages $2,329/mo versus $2,837/mo in Boston, MA, 18% ($508/mo) less. Over a year that is $6,096 more in rent for the same size unit.
Income Needed
To rent a 2-bedroom without exceeding the 30% rule, you need about $113,480/year in Boston, MA versus $93,160/year in Miami, FL — a $20,320 difference in required salary.
Home Prices
The median home costs $581,864 in Miami, FL versus $786,208 in Boston, MA — 35% higher. Buyers priced out of Boston, MA may find Miami, FL more attainable.
Select Cities (2/3)
Miami, FL
Boston, MA
| Metric | Miami FL | Boston MA |
|---|---|---|
| Studio Rent | $1,711✓ | $2,263 |
| 1BR Rent | $1,898✓ | $2,394 |
| 2BR Rent | $2,329✓ | $2,837 |
| 3BR Rent | $3,008✓ | $3,418 |
| 4BR Rent | $3,527✓ | $3,761 |
| Median Home Value | $581,864✓ | $786,208 |
| Price per sqft | — | — |
| Median Income | $73,481✓ | $112,484 |
| Income to Rent 2BR | $93,160/yr✓ | $113,480/yr |