For New York City residents weary of the steep costs of building a life in the famously expensive city, a move to Florida, and Miami in particular, once seemed like a perfect solution due to its many financial benefits.
Since 2019, Miami’s Consumer Price Index has surged to 36%, making the move far less appealing than before.
Miami Is Losing Its Claim to a Cheaper Cost of Living Than NYC: https://bloom.bg/3RTJtlb
Trading cold, expensive New York City for lower taxes and warmer weather in Miami was long a no-brainer. No more.
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