Miami's Housing Costs Push It Past New York In Federal Data
Bureau of Economic Analysis regional price parities show Miami-area housing running about 5% above New York's, flipping a decades-old ranking for 2024.
- BEA's 2024 regional price data, updated February 19, 2026, puts Miami costs ahead of New York for the first time.
- South Florida property taxes jumped 62% since 2019, more than double the national average increase.
- Miami home prices climbed 79% since the pandemic, according to S&P Case-Shiller figures.
Why it matters: No state income tax was the pitch; property taxes and insurance now collect what that pitch hid.
Yahoo Finance / Bloomberg reporting on BEA Regional Price Parities data ↗ · Jul 22, 20267/22/26