Miami vs New York
Two markets on the list for people leaving LA. Here's how they stack up on price, pace and taxes, measured against what a typical LA home sells for.
| Miami, FL | New York, NY | |
|---|---|---|
| Median sale price | $650K | $899K |
| Median single-family | $810K | $795K |
| Median condo | $540K | $830K |
| Median $/sq ft | $535 | $639 |
| Median days on market | 114 | 68 |
| Avg sale-to-list | 95.0% | 98.3% |
| Sq ft for $1M (at median $/sq ft) | 1,870 | 1,560 |
| Californians who moved to the state (2024) | 36,194 | 31,367 |
Redfin Data Center, May 2026, all residential unless noted. Typical LA County zip for reference: $904K median, $588/sq ft, 44 median days on market. Mover counts: U.S. Census Bureau ACS 2024, estimates with margins of error.
The short version
Miami is the less expensive of the two at the median, about $650K versus $899K in New York, roughly 28% less (Redfin, May 2026). $1 million covers roughly 1,870 square feet in Miami at the median price per square foot, versus about 1,560 in New York. New York homes have been moving faster, 68 median days on market versus 114 in Miami. Florida has no personal income tax. New York has a progressive income tax with rates from 4% to a top rate of 10.9%. In 2024 about 36,000 Californians moved to Florida and about 31,000 to New York (U.S. Census Bureau, ACS 2024).
Taxes
Miami: None (Florida has no personal income tax). New York: Progressive, 4% to 10.9% (New York City adds its own income tax). Property tax, insurance and HOA costs vary by address in both places and can matter as much as income tax, so price them for any specific home.
Go deeper
Read the full guides: moving from LA to Miami and moving from LA to New York.
Common questions
Is Miami or New York cheaper?
Miami had the lower median sale price, about $650K versus $899K in New York (Redfin, May 2026), roughly 28% less at the median.
Which has lower state income tax, Miami or New York?
Miami has the lower state income tax. Florida has no personal income tax. By comparison, New York has a progressive income tax with rates from 4% to a top rate of 10.9%. Rates change, so confirm with each state and a CPA.
What does $1 million buy in Miami vs New York?
At the median price per square foot, $1 million works out to roughly 1,870 square feet in Miami and 1,560 in New York, versus about 1,700 at the LA median. A rough illustration, not a listing.
