{"id":350849,"date":"2026-07-24T06:56:18","date_gmt":"2026-07-24T06:56:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/350849\/"},"modified":"2026-07-24T06:56:18","modified_gmt":"2026-07-24T06:56:18","slug":"south-florida-cost-of-living-surpasses-nyc-what-residents-are-saying","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/350849\/","title":{"rendered":"South Florida cost of living surpasses NYC: What residents are saying"},"content":{"rendered":"<p>WEST PALM BEACH, Fla. \u2014 A new <a class=\"Link\" href=\"https:\/\/www.bloomberg.com\/news\/features\/2026-07-20\/miami-s-metro-area-is-now-more-expensive-than-new-york\" target=\"_blank\" rel=\"nofollow noopener\">Bloomberg report<\/a> shows the cost of living in the Miami-Fort Lauderdale-West Palm Beach metro area has surpassed New York City, and South Florida residents say they are feeling it.<\/p>\n<p>The report <a class=\"Link\" href=\"https:\/\/www.bea.gov\/data\/prices-inflation\/regional-price-parities-state-and-metro-area\" target=\"_blank\" rel=\"nofollow noopener\">cited U.S. government data<\/a> showing the cost of living in South Florida is higher than New York City, with housing among the key drivers. Wages are also part of the affordability equation.<\/p>\n<p>WATCH BELOW: South Florida residents sound off on new Bloomberg report<\/p>\n<p>South Florida cost of living surpasses New York City. What residents are saying<\/p>\n<p> WPTV&#8217;s <a class=\"Link\" href=\"https:\/\/www.wptv.com\/money\/consumer\/south-florida-is-now-more-expensive-than-new-york-city-bloomberg-report-says\" target=\"_blank\" rel=\"nofollow noopener\">story on Wednesday,<\/a> and a post on our Facebook page, sparked hundreds of comments.<\/p>\n<p>According to Indeed, registered nurses in South Florida earn an average of $36 an hour, compared to $56 an hour in New York. Indeed also shows attorneys in South Florida start around $116,000 a year, while those in New York start around $161,000.<\/p>\n<p>Aspiring lawyer Hansell Martinez, who spoke with WPTV in West Palm Beach on Thursday, said the change has been noticeable.<\/p>\n<p>&#8220;From what&#8217;s happened in the last five years and all the big buildings coming up and all the people coming down from New York, it has changed; things are much more expensive down here,&#8221; Martinez said.<\/p>\n<p>A man visiting from Canada, also speaking to WPTV on Thursday, raised questions about the pace of growth.<\/p>\n<p>&#8220;Where there is more concern is how much development is going on; can you sustain the development?&#8221; he said.<\/p>\n<p>The debate over the cost of living between New York and Florida is likely to continue, but for Floridians, affordability remains the central issue.<\/p>\n<p>This story was reported on-air by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.<\/p>\n<p>            <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/04\/1776287048_628_.jpeg\" alt=\"Matt Sczesny card\"  width=\"1280\" height=\"720\"\/><\/p>\n<p>WPTV<\/p>\n","protected":false},"excerpt":{"rendered":"WEST PALM BEACH, Fla. \u2014 A new Bloomberg report shows the cost of living in the Miami-Fort Lauderdale-West&hellip;\n","protected":false},"author":2,"featured_media":350850,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[143527,8373,143525,143526,28,30,29,872,14594,876],"class_list":["post-350849","post","type-post","status-publish","format-standard","has-post-thumbnail","category-florida","tag-bloomerg","tag-cost-of-living","tag-cost-of-living-in-florida","tag-cost-of-living-in-new-york","tag-florida","tag-florida-headlines","tag-florida-news","tag-florida-real-estate-news","tag-new-york","tag-wptv-real-estate-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/350849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=350849"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/350849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/350850"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=350849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=350849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=350849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}