Clearwater, FL vs North Miami, FL

Clearwater, FL and North Miami, FL have a very similar cost of living, with only a 3.1% difference in their overall index. Clearwater scores 109 while North Miami scores 113 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Clearwater is $1,539/month compared to $1,543/month in North Miami — a 0% difference. Home values follow the same pattern: Clearwater is more affordable at $326,100 median vs $326,300.

Median household income in Clearwater is $64,440 compared to $51,909 in North Miami (+24.1%). Clearwater offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Clearwater spend roughly 28.7% of their income on rent, less than the 35.7% in North Miami. The Clearwater ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.