Miami-Fort Lauderdale-West Palm Beach vs Austin-Round Rock-San Marcos

Cost of living comparison based on BEA Regional Price Parities. Austin-Round Rock-San Marcos is 14.1% less expensive than Miami-Fort Lauderdale-West Palm Beach.

What This Comparison Actually Tells You

The Bureau of Economic Analysis indexes Miami-Fort Lauderdale-West Palm Beach, FL at an overall Regional Price Parity of 114.2 and Austin-Round Rock-San Marcos, TX at 98.1, using the U.S. national average of 100 as the reference point. That puts Austin-Round Rock-San Marcos 14.1% less expensive than Miami-Fort Lauderdale-West Palm Beach on a blended basket of goods, services, and rents. The raw index gap of 16.1 points matters more than the headline comparison because it flows directly into salary-equivalent math that families use for relocation, job offers, and remote-work arbitrage decisions.

Inside the breakdown, Miami-Fort Lauderdale-West Palm Beach indexes goods at 103.6, services at 97.2, and rents at 155.6, while Austin-Round Rock-San Marcos comes in at 93.8, 82.0, and 120.4 on the same three categories. The rent line carries the largest weight in the BEA methodology, so a metro with a higher rent index almost always ends up more expensive overall - Miami-Fort Lauderdale-West Palm Beach carries the heavier rent load here, and that tends to dominate household budget experience on the ground.

In salary terms, a $100,000 income in Miami-Fort Lauderdale-West Palm Beach has the same purchasing power as $85,906 in Austin-Round Rock-San Marcos based on these indexes. The two metros serve populations of roughly 6,138,876 (Miami-Fort Lauderdale-West Palm Beach) and 2,357,497 (Austin-Round Rock-San Marcos), and median household incomes are $73,481 versus $97,638 respectively - so the right way to read this comparison is never the index alone, but the ratio of your expected local salary to the rent and services mix. For any serious relocation or remote-work decision, pair this BEA comparison with BLS occupation-specific wage data, HUD Fair Market Rent tables, and state tax treatment before committing.

Miami-Fort Lauderdale-West Palm Beach
114.2
Cost Index
Austin-Round Rock-San Marcos
98.1
Cost Index

Category Breakdown

Category Miami-Fort Lauderdale-West Palm Beach Austin-Round Rock-San Marcos Difference
Overall 114.2 98.1 -16.1
Goods 103.6 93.8 -9.8
Services 97.2 82.0 -15.2
Rents 155.6 120.4 -35.2

Visual Comparison

Overall
Miami-Fort Lauderdale-West Palm Beach
114.2
Austin-Round Rock-San Marcos
98.1
Goods
Miami-Fort Lauderdale-West Palm Beach
103.6
Austin-Round Rock-San Marcos
93.8
Services
Miami-Fort Lauderdale-West Palm Beach
97.2
Austin-Round Rock-San Marcos
82.0
Rents
Miami-Fort Lauderdale-West Palm Beach
155.6
Austin-Round Rock-San Marcos
120.4

Vertical line = national average (100)

Salary Equivalents

What a salary in Miami-Fort Lauderdale-West Palm Beach would need to be in Austin-Round Rock-San Marcos for the same purchasing power:

In Miami-Fort Lauderdale-West Palm Beach In Austin-Round Rock-San Marcos Difference
$50,000 $42,953 $-7,047
$75,000 $64,430 $-10,570
$100,000 $85,906 $-14,094
$150,000 $128,859 $-21,141

Use the salary calculator for custom amounts.

Metro Context

Metric Miami-Fort Lauderdale-West Palm Beach Austin-Round Rock-San Marcos
Population 6,138,876 2,357,497
Median Income $73,481 $97,638
Data Year 2024 2024

Frequently Asked Questions

Is Austin-Round Rock-San Marcos more expensive than Miami-Fort Lauderdale-West Palm Beach?
Austin-Round Rock-San Marcos is 14.1% less expensive than Miami-Fort Lauderdale-West Palm Beach. The overall cost index is 98.1 vs 114.2 (national average = 100).
What salary in Austin-Round Rock-San Marcos equals $100K in Miami-Fort Lauderdale-West Palm Beach?
A $100,000 salary in Miami-Fort Lauderdale-West Palm Beach has the same purchasing power as $85,906 in Austin-Round Rock-San Marcos. This is based on the BEA Regional Price Parity indexes.
How do rents compare between Miami-Fort Lauderdale-West Palm Beach and Austin-Round Rock-San Marcos?
Rents in Miami-Fort Lauderdale-West Palm Beach are indexed at 155.6 while Austin-Round Rock-San Marcos is at 120.4 (national average = 100). Miami-Fort Lauderdale-West Palm Beach has higher rents.

Source: Bureau of Economic Analysis, Regional Price Parities (2024). Index where national average = 100.

Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial