Compare taxes and see how much you save moving from Connecticut to Florida
Florida has zero state income tax, while Connecticut imposes both a progressive income tax (3-6.99% across 7 brackets) and the highest property tax rate in America (2.14% vs Florida's 0.86%). A $100,000 earner living in a $500,000 home pays $16,200 annually in CT state taxes versus only $4,300 in FL—an $11,900/year savings. For retirees, the gap widens further: Connecticut taxes all retirement income at full rates, while Florida exempts it entirely. This double tax burden drives wealthy Connecticut residents (particularly hedge fund executives and retirees) to Florida in one of the nation's top migration routes.
Progressive + Highest Property Tax
7 progressive income brackets + 2.14% property tax (highest in America)
No Income Tax
Constitutional prohibition on income tax + 0.86% property tax
At $100,000 + $500K home income:
That is $992/month back in your pocket!
| Income | CT Tax | FL Tax | Savings | 10-Year |
|---|---|---|---|---|
| $50,000 | $1,568 | $0 | $1,568 | $15,680 |
| $75,000 | $3,233 | $0 | $3,233 | $32,330 |
| $100,000 | $5,498 | $0 | $5,498 | $54,980 |
| $150,000 | $9,373 | $0 | $9,373 | $93,730 |
| $250,000 | $16,373 | $0 | $16,373 | $163,730 |
| $500,000 | $33,873 | $0 | $33,873 | $338,730 |
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Moving from Connecticut to Florida? Multi-state returns are tricky—partial-year residency, different deadlines, avoiding double taxation. Get matched with a CPA who specializes in state moves. Virtual meetings, fixed pricing.
Get Matched With a CPA →Savings depend on income and home value. A $100K earner in a $500K home saves $11,900/year ($5,498 income tax + $6,400 property tax). At $150K income with a $750K home: $18,973/year savings. Retirees with $100K retirement income save $5,498/year on income tax alone, plus property tax savings. Over 20 retirement years, that's $109,960 in income tax savings.
Yes, with limited exemptions. Connecticut taxes Social Security if your AGI exceeds certain thresholds ($75K for joint filers, $60K for singles). Pension and IRA withdrawals are taxed at full income tax rates (3-6.99%), with partial exemptions only for low-income retirees. High-income retirees pay full freight. Florida, by contrast, taxes zero retirement income of any kind.
Connecticut has no county government—towns fund everything locally (schools, police, fire, roads). Wealthy towns like Greenwich and Darien have world-class services and schools, funded entirely by property tax. The state average is 2.14%, highest in America. Florida's property tax is 0.86% because the state uses sales tax and tourism revenue to fund services. Florida also has Homestead Exemption ($50K off assessed value for primary residences).
Yes, if Connecticut determines you're still a resident. They track days spent in CT, driver's license, voter registration, car registration, and real estate ownership. To safely exit: spend fewer than 183 days/year in CT, get FL driver's license, register to vote in FL, get FL plates, and establish genuine FL residency (lease/mortgage, utility bills). High earners should document everything—CT aggressively audits people claiming FL residency.
No, as long as you're a Florida resident performing work physically in Florida. Connecticut cannot tax non-residents on income earned outside Connecticut. This is a huge advantage for remote workers—you can keep your high-paying CT/NYC job while living tax-free in Florida. However, CT will audit you to verify genuine FL residency. Keep detailed time logs, utility bills, and travel records.
For high earners and retirees, absolutely. A $100K earner with a $500K home saves $119,000 over 10 years ($11,900/year). A retiree with $100K annual income saves $109,960 over 20 years. For moderate earners ($50-75K) with modest homes, the savings are smaller ($5-10K/year) but still meaningful. The CT-to-FL route is one of America's top 5 migration flows for a reason—the tax math is undeniable.
Florida sales tax is 6-7.5% (varies by county) versus Connecticut's 6.35%—essentially a wash. Florida has no state income tax, no estate tax, no inheritance tax, and no tax on intangibles. Connecticut has all of these. Florida does have higher auto insurance and homeowner's insurance (hurricane risk). Overall, Florida's total tax burden is significantly lower for anyone earning over $60K or owning a home over $300K.
The double tax hit: high income tax AND highest property tax in America. Hedge fund executives, finance professionals, and high-net-worth retirees are fleeing Greenwich, Darien, and Westport for Palm Beach, Naples, and Miami. They save tens to hundreds of thousands annually. Connecticut's population has been flat or declining since 2010, while Florida grows by 300,000+ residents per year. Many are from Connecticut, New York, and New Jersey—states with punishing tax burdens.