Tax Rate Comparison
| Tax Type | New York | Florida |
|---|---|---|
| Income Tax | 4%-10.9% + NYC tax up to 3.876% | None (0%) |
| Sales Tax | 4% (avg ~8.52%) | 6% (avg ~7.02%) |
| Property Tax | 1.40% | 0.86% |
| Estate Tax | Yes (over $6.94M) | None |
| Corporate Tax | 6.5% | 5.5% |
Income Tax at Different Levels
| Income | New York | Florida | Winner | Annual Savings |
|---|---|---|---|---|
| $50,000 | $2,600 | $0 | New York | $2,600 |
| $100,000 | $5,900 | $0 | New York | $5,900 |
| $200,000 | $14,800 | $0 | New York | $14,800 |
Who Should Live in New York?
NYC career professionals, transit users, culture lovers
Who Should Live in Florida?
Retirees, remote workers, business owners, high earners
Frequently Asked Questions
How much can I save moving from New York to Florida?
At $200K, ~$14,800/year. NYC residents save even more ($20K+) due to city income tax.
Is Florida cheaper overall?
Yes. Housing 50-60% cheaper outside Miami. No income tax, no estate tax.