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Charlotte vs Miami: Cost of Living

Miami is about 17% more expensive than Charlotte, based on the BEA regional price parity index (U.S. average = 100): Charlotte at 97.348, Miami at 114.155.

Cost of living (U.S. avg 100)
Charlotte: 97.348
Cost of living (U.S. avg 100)
Miami: 114.155
Salary parity ($100K in Charlotte)
$117K in Miami

If you earn $100K in Charlotte, you would need about $117K in Miami to keep the same standard of living (price levels only; taxes on your specific income are separate).

Rents: the biggest difference

Charlotte

Rent price parity: 97.635 (U.S. average = 100)

Miami

Rent price parity: 155.551 (U.S. average = 100)

What common jobs pay in each city (after tax)

OccupationMedian (Charlotte)Take-home (Charlotte)Median (Miami)Take-home (Miami)
Software Developer$136K$99K$133K$102K
Data Scientist$132K$96K$127K$98K
Registered Nurse$91K$69K$91K$73K
Accountant$93K$71K$81K$66K
Mechanical Engineer$102K$77K$100K$79K
Marketing Manager$166K$118K$136K$104K
Electrician$59K$48K$59K$49K
Elementary School Teacher$59K$47K$58K$49K
Police Officer$63K$51K$80K$65K
Chef$64K$51K$58K$49K
Financial Analyst$107K$80K$105K$83K
Civil Engineer$102K$77K$84K$68K
Pharmacist----
Physical Therapist----
Dental Hygienist----
Web Developer----
Graphic Designer----
Paralegal$60K$48K$62K$52K
Plumber----
HVAC Technician$60K$48K$58K$49K

Taxes at a glance

Take-home assumes a single filer using the standard deduction. Charlotte (North Carolina state tax), Miami (Florida state tax). A $100K salary nets about $75K in Charlotte vs $79K in Miami. Full assumptions: methodology.