City comparison
Albuquerque, NM vs Miami, FL
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Miami, FL are 19.5% higher than in Albuquerque, NM. Someone earning $100,000 in Albuquerque, NM would need about $119,500 in Miami, FL to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,995 a month in Miami, FL versus $1,185 in Albuquerque, NM. On $100,000, that's 30% of take-home pay in Miami, FL and 19% in Albuquerque, NM.
- On $100,000, estimated state income tax is about $3,569 a year higher in Albuquerque, NM than in Miami, FL.
- For federal employees, locality pay changes a GS-13 step 1 salary by +5.4% moving from Albuquerque, NM to Miami, FL ($107,592 → $113,356), while prices change by +19.5%. Net effect of the transfer: −11.8% in real buying power.
- Albuquerque, NM: price level 95.5 (cheaper)
- Miami, FL: price level 114.2 (much pricier)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Albuquerque, NM | Miami, FL | |
|---|---|---|
| Price level (U.S. = 100)2 | 95.5 | 114.2 |
| $100,000 is worth, in the other city2 | $119,476 in Miami | $83,698 in Albuquerque |
| Typical 1-bedroom rent3 | $1,185/mo | $1,995/mo |
| Take-home on $100,00014,15,8 | $75,611 | $79,180 |
| State income tax on $100,000 (estimate)8 | $3,569 (NM) | $0 (FL) |
| Rent burden on $100,000 | 19% | 30% |
| Median pay, all jobs4 | $48,060 | $48,640 |
| Federal locality pay area7 | Albuquerque-Santa Fe-Las Vegas, NM | Miami-Port St. Lucie-Fort Lauderdale, FL |
Rent areas: Albuquerque, NM MSA and Miami-Miami Beach-Kendall, FL HUD Metro FMR Area. Metro areas: Albuquerque, NM and Miami-Fort Lauderdale-West Palm Beach, FL.
What costs more or less
| Price level (U.S. = 100) | Albuquerque | Miami |
|---|---|---|
| Housing (rent) | 89.2 | 155.6 |
| Goods | 96.1 | 103.6 |
| Utilities | 77.9 | 97.2 |
| Other services | 98.5 | 109.1 |
| Overall | 95.5 | 114.2 |
Moving with the same $100,000 salary
Albuquerque, NM → Miami, FL
Same pay buys less
Buying power −16.3%; rent takes 30% of take-home; state tax −$3,569/yr.
30 Weak offer
Miami, FL → Albuquerque, NM
Same pay goes further
Buying power +19.5%; rent takes 19% of take-home; state tax +$3,569/yr.
100 Strong offer
On the GS pay scale?
Albuquerque, NM is in the Albuquerque-Santa Fe-Las Vegas, NM pay area; Miami, FL is in Miami-Port St. Lucie-Fort Lauderdale, FL. The last column shows what a transfer from Albuquerque, NM to Miami, FL at the same grade and step does to real buying power.
| Grade5,2 | Albuquerque, NM | Miami, FL | Real change, Albuquerque → Miami |
|---|---|---|---|
| GS-9 step 1 | $62,392 | $65,735 | −11.8% |
| GS-11 step 1 | $75,489 | $79,533 | −11.8% |
| GS-12 step 1 | $90,479 | $95,326 | −11.8% |
| GS-13 step 1 | $107,592 | $113,356 | −11.8% |
| GS-14 step 1 | $127,141 | $133,953 | −11.8% |
Pay for common jobs
| Median annual pay4 | Albuquerque, NM | Miami, FL | Miami pay in Albuquerque dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $75,520 | $58,300 | $48,796 (−35.4%) |
| Software Developers | $123,700 | $132,650 | $111,026 (−10.2%) |
| Accountants and Auditors | $79,880 | $80,920 | $67,729 (−15.2%) |
| Registered Nurses | $96,040 | $91,380 | $76,484 (−20.4%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.