A detailed side-by-side comparison of the cost of living, housing prices, income levels, and overall affordability between Miami, FL and Orlando, FL.
FL
Population: 449,514
FL
Population: 320,742
National average = 100. Higher values indicate a more expensive area.
| Metric | Miami, FL | Orlando, FL | Difference |
|---|---|---|---|
| Cost of Living Index | 135 | 102 | +32.4% |
| Median Home Price | $450,000 | $350,000 | +28.6% |
| Property Tax Rate | 0.97% | 0.86% | +12.8% |
| Median Household Income | $46,390 | $55,210 | -16.0% |
| Population | 449,514 | 320,742 | +40.1% |
Orlando, FL is 32.4% cheaper to live in than Miami, FL, based on the overall cost of living index.
Home Price Difference
$100,000
Orlando, FL is cheaper by 28.6%
Income Difference
$8,820
Orlando, FL earns more by 16.0%
Price-to-income ratio: median home price divided by median household income. A lower ratio indicates more affordable housing.
Miami, FL
9.7x
$450,000 / $46,390
Orlando, FL
6.3x
$350,000 / $55,210
Overall, Orlando, FL is the more affordable city to live in. With a cost of living index of 102 compared to 135, a median home price of $350,000, and a price-to-income ratio of 6.3x, Orlando, FL offers better value for residents looking to stretch their dollar further. However, the median household income in Orlando, FL ($55,210) is higher, which may offset some of the cost differences.