Miami is more expensive than New York. It's a bad sign for the city's economy.

Source: Business Insider

Miami's job market is slowing as the latest cost of living data shows it's even pricier than places like New York City. MIREYA ACIERTO/Getty ImagesMiami's post-COVID renaissance among the affluent set has come at a cost: It's now more expensive than New York City. Aside from the ultrawealthy buying property, Miami's migration has slowed as costs rise.