Why Miami No Longer Pays Off
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.
Watch more mini documentaries from Bloomberg: https://www.youtube.com/playlist?list=PLGaYlBJIOoa_EzzMpticURNR29AiQi10v
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
#Miami #NewYork #Finance
