BUSINESSJul 21 · 20:48 UTCWPLG LOCAL 10 MIAMISaira Anwer

New report indicates it’s now pricier to live in Miami than New York City

A Bloomberg report reveals the Miami area has surpassed New York City in cost of living, with a 36% rise in South Florida's consumer price index since 2019. Factors include higher private-school tuition, insurance costs, and restaurant spending, as residents note increased prices for everyday items.

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BloombergorganizationRobert NordlingpersonMario TorrespersonMiamiplaceNew York CityplaceConsumer Price Indextopicprivate-school tuitiontopicinsurance coststopic

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