Miami vs New York City: Mortgage Comparison

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FactorMiamiNew York City
Income TaxNone4%–10.9% + 3.876% city
Median Income$46,340$70,663
Median Home$614,000$773,000
Debt Burden$49,200$52,800
Average Car Price$41,500$48,000
Average Auto Loan$35,500$40,500
Typical APR7.3%6.9%

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