Factors that influence moving costs from Memphis to Miami
What to know before moving from Memphis to Miami
Moving from Memphis to Miami comes with exciting new opportunities โ but also higher living costs. Since Miami is generally more expensive than Memphis, itโs important to plan ahead and budget carefully for the change.
Check out how the two cities compare so you know what to expect before you relocate:
Memphis | Miami | |
---|---|---|
Average rent cost | $1,299 | $2,990 |
Average home value | $143,715 | $579,925 |
Average income (per capita) | $48,090 | $54,858 |
Cost of living (single person) | $1,842 | $3,103 |
Cost of living (family of 4) | $4,402 | $7,450 |
Unemployment rate | 8.0% | 8.3% |
Sales tax | 9.75% | 7.0% |
State income tax | 0.0% | 0.0% |
- Rent prices in Miami are 130% higher than in Memphis, which means youโll have less money in your pocket each month.
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In terms of homeownership, youโll be able to get more for your money in Memphis.
Home prices in Miami are 303.5% higher than in Memphis. - Income in Miami is 14.1% higher than in Memphis, so you could earn more for doing the same job. The top employers in Miami include Royal Bank of Canada, Navarro Discount Pharmacy, and Royal Caribbean Cruises.
- Be sure to budget for higher bills in Miami, since the cost of living for a single person in Miami is 68.5% higher than in Memphis. This includes routine expenses like utilities, groceries, clothing, and transportation.
- If youโre moving your family to Miami, keep in mind that your living expenses could increase. The cost of living for a family in Miami is 69.2% higher than in Memphis.
- The unemployment rate in Miami is 3.75% higher than in Memphis.
- Youโll spend less on retail and restaurants in Miami, since the cityโs sales taxes in Miami are 28.21% lower than in Memphis.
- State income taxes are the same in Miami and Memphis.
To put this in perspective, you would need around $5,053.75 in Miami to maintain the same standard of life that you can have with $3,000.00 in Memphis.
How life is different in Memphis vs. Miami
Miami | Memphis | |
---|---|---|
Population | 442,241 | 633,104 |
AllTransit Transportation Performance Score | 8 | 4 |
Walkability score | 77 | 35 |
Bike friendliness score | 64 | 41 |
Crime Index | 52.54 | 77.49 |
Safety Index | 47.46 | 22.51 |
Air Quality | Good | Good |
- Miami's population is about 30% less than Memphis.
- Miami's public transportation has a score of 8 out of 10 versus Memphis's lower score of 4.
- Miami is more walkable than Memphis with a score of 77 out of 100 vs Memphis's 35 out of 100.
- With a score of 64 out of 100, Miami is more bike-friendly than Memphis, which has a score of 41 out of 100. The higher a city's score, the more suited they are to safely accommodating cyclists.
- Miami's crime rate is lower than Memphis with a score of 52.54 compared to Memphis's 77.49. This means that Miami neighborhoods are safer than 52.54% of all U.S. neighborhoods, and Memphis neighborhoods are safer than 77.49%.
- Miami is considered to be safer than Memphis with a safety index of 47.46 vs Memphis's 22.51.
- Air quality in Miami is good, and in Memphis it's good.
Other things to consider for your Memphis vs. Miami move
- Weather: There are two basic seasons in Miami, a hot and wet season from May through October, and a warm and dry season from November through April. During the hot and wet season, daily thundershowers occur in the humid unstable air masses. Hurricane season officially runs from June 1 through November 30, although hurricanes can develop beyond those dates. Be sure to check your weather app, especially during June through November to avoid hurricanes.
- HOA rules: Itโs a good idea to look into your HOA or community regulations before moving day arrives.
- Elevator reservation: If your building has an elevator, itโs a good idea to secure a reservation before your moving day.
- Truck parking permits: To avoid fines or delays, check whether a parking permit is needed for your moving truck.
- State licensing: Individuals and companies engaging in for-profit local and intrastate moving within the Sunshine State must register each year with the Department of Agriculture and Consumer Services โ Division of Consumer Services. Before booking, ensure the moving company is officially licensed to handle your move.
- State regulator: To confirm a moving companyโs license in Florida, visit the state's public utilities commission
- Moving permits: While Florida doesnโt mandate moving permits, checking local parking guidelines before your move-in day is still a good idea.
- Change of address: We recommend submitting your USPS change of address form at least one week before your move to ensure your mail gets forwarded to Miami without delay. You can select your official move date when completing the form. Start the process here.
- Moving company insurance: Every state sets its own rules for what insurance moving companies need to maintain. Released Value Protection stands out as a cost-effective choice, provided by movers at no extra expense, although it comes with limited coverage. In this option, the mover's liability is capped at 60 cents per pound per article. To ensure comprehensive coverage matching the full value of your items, consult with your chosen moving company about alternative options or explore third-party insurance providers. Secure the best protection for your belongings during the move with these tailored coverage choices.
- Moving checklist: Our moving checklist gives you the peace of mind that comes with being fully prepared.
Where to live in Miami
With your sights set on "305", these are some of the most popular neighborhoods to consider in Miami.
Best neighborhoods for singles
- Coral Gables
- Brickell
- Little Havana
- Wynwood
Best neighborhoods for families
- Coconut Grove
- Coral Gables
- Kendall
- Key Biscayne
- Pinecrest
Things to do in Miami
Once youโre settled into your new home in Florida, itโs time to get out and discover what Miami has to offer. No matter your interests, thereโs something for everyone here:
- Arts and culture: Miami features a variety of museums and cultural arts centers, including the Wynwood Walls, Vizcaya Museum and Gardens, Miami Design District, Phillip and Patricia Frost Museum of Science, and Miami Children's Museum.
- Outdoor recreation: The cityโs Bayfront Park, Tropical Park, Matheson Hammock Park, and Domino Park โ among other spots โ perfect for hiking, biking, or simply soaking up the outdoors.
- Sports: Grab a seat and root for the home team during an Miami Dolphins (NFL), Inter Miami CF (MLS), Miami Marlins (MLB), or Florida Panthers (NHL) game.
FAQ
When is the best time to move from Memphis to Miami?
Spring and fall are the ideal times to move from Memphis to Miami. Youโll benefit from more comfortable weather and avoid the higher prices that come with peak moving season in Memphis.
When is the cheapest time to move from Memphis to Miami?
Since spring and fall are the most popular times to move from Memphis to Miami, moving in the winter could help you save money. Check out our guide on moving discounts for more tips.
How long does a move from Memphis to Miami take?
The 1,054-mile journey from Memphis, TN to Miami, FL typically takes two to eight days. Some movers in Memphis offer expedited services if you're on a tight schedule, and if you need extra time, be sure to ask about storage options in Miami.