Miami is officially a more expensive city to live in than NYC, according to federal data

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19 segments

0:00

Bloomberg is out with the story saying

0:01

the cost of living in Miami has

0:03

surpassed that of New York. So, like

0:06

haha to all those people

0:08

>> the it's cheaper argument. You can't do

0:10

it anymore.

0:11

>> no longer make the it's cheaper

0:12

argument. When you add up all the other

0:13

stuff, when you add up the private

0:15

school, when you add up real estate,

0:16

which has gone up a lot in Florida, when

0:18

you add up insurance, which is the

0:20

highest in the country, um and I like I

0:23

gloat a little bit, sorry, because like

0:25

I think [music] New York is amazing and

0:27

I'm not a huge fan of living in Miami.

0:30

Sorry to the people I know who live

0:31

[music] in Miami. Um you know, so I

0:33

think this is sort of fascinating.

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A Bloomberg report reveals that the cost of living in Miami has surpassed that of New York City, debunking the common perception that Miami is a more affordable place to reside due to rising costs in real estate, private schooling, and insurance.

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