The most popular retirement and relocation move in America
3rd Highest in Nation
8 progressive brackets
4% - 10.9%
+NYC tax: 3.078%-3.876%
No State Income Tax
Constitutional prohibition
since 1924
At $100,000 income:
That's $515/month back in your pocket!
*NYC residents save even more: up to $10,064/year
Income: $0
State Tax: $0
Take Home: $0
Income: $0
State Tax: $0
Take Home: $0
| Income | NY State Tax | FL State Tax | Annual Savings | 10-Year Savings |
|---|---|---|---|---|
| $50,000 | $2,429 | $0 | $2,429 | $24,290 |
| $75,000 | $4,308 | $0 | $4,308 | $43,080 |
| $100,000 | $6,188 | $0 | $6,188 | $61,880 |
| $150,000 | $9,948 | $0 | $9,948 | $99,480 |
| $250,000 | $17,948 | $0 | $17,948 | $179,480 |
| Income | Total NY Tax | FL State Tax | Annual Savings | 10-Year Savings |
|---|---|---|---|---|
| $50,000 | $3,702 | $0 | $3,702 | $37,020 |
| $75,000 | $6,258 | $0 | $6,258 | $62,580 |
| $100,000 | $10,064 | $0 | $10,064 | $100,640 |
| $150,000 | $15,764 | $0 | $15,764 | $157,640 |
| $250,000 | $27,640 | $0 | $27,640 | $276,400 |
Property taxes are moderately higher in New York (1.45% statewide average) vs Florida (0.89%), but both are well below the national average.
| Home Value | NY Property Tax | FL Property Tax | Annual Savings in FL |
|---|---|---|---|
| $300,000 | $4,350 | $2,670 | Save $1,680 |
| $500,000 | $7,250 | $4,450 | Save $2,800 |
| $750,000 | $10,875 | $6,675 | Save $4,200 |
| $1,000,000 | $17,200 | $8,900 | Save $8,300 |
Scenario: $100k income, $500k home
💡 Unlike Texas where property taxes are higher, Florida saves you money on BOTH income AND property taxes. This is why so many New Yorkers are moving to Florida.
Florida advantages:
The only downside: You'll miss the culture, diversity, and energy of NYC. But your wallet will be much happier!
Scenario: 65-year-old couple with $80k annual retirement income
Plus: Lower housing costs, no estate tax, and homestead exemption can save another $10k-20k/year total!
Manhattan 2BR: ~$5,000/month
Miami 2BR: ~$2,500/month
Savings: $2,500/month ($30,000/year)
Median Home Price:
New York: ~1.7% of home value (among highest in nation)
Florida: ~0.98% of home value (WITH homestead exemption)
On $400k home:
Best for: Young professionals, culture seekers, Latin American ties
Vibe: Cosmopolitan, nightlife, international
Cost: Most expensive in FL but still 40% cheaper than NYC
Best for: Families, retirees, balanced lifestyle
Vibe: Growing city, job market, affordable
Cost: 50% cheaper than NYC
Best for: Families, entertainment, tourism jobs
Vibe: Suburban, theme parks, family-friendly
Cost: Very affordable, great value
Best for: Affordability, space, beach access
Vibe: Laid-back, Southern charm, growing
Cost: Most affordable major FL city
New York aggressively audits people who claim to have moved to Florida. You MUST prove you've truly relocated, not just claiming FL residency to avoid taxes.
A: At $100k income, you'll save $6,188/year on NY state tax alone. NYC residents save $10,064/year (state + city tax). Plus lower housing costs can save $15k-30k/year.
A: Yes! Many companies now allow this. You'll pay $0 FL state tax on your income. Make sure to properly establish FL residency (see above). NY may try to tax "convenience of employer" income if you work remotely by choice.
A: Federal taxes are the same in both states. This comparison focuses on state income tax only.
A: Possibly, especially if you're high-income. NY audits ~1,000 domicile cases per year. Follow the residency steps above carefully, keep detailed records, and consider consulting a tax attorney.
A: NY taxes these (partially exempt). FL does NOT tax them at all. This is HUGE for retirees!
A: FL is genuinely cheaper overall. Yes, you'll pay more for insurance (home, flood, car) and sales tax is comparable. But housing costs are SO much lower (30-50%) that most people still save $10k-25k/year total.
A: Hurricane risk, hot/humid summers, no real public transit, and you lose NY's culture/energy. It's a lifestyle trade-off, not a pure financial win.
If you're an American living abroad and considering a move back to the US, you may have complex tax filing requirements. Even after returning, you may need to catch up on past US tax filings.
Taxes for Expats (TFX) helps Americans abroad and those returning home with:
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Property Tax Rates: New York (1.45% statewide average) and Florida (0.89% statewide average) from Tax-Rates.org. Property tax rates vary significantly by county and municipality. NYC rates differ from rest of state.
Income Tax Rates: New York and Florida state tax rates from respective state revenue departments.
Disclaimer: Tax calculations are estimates for general informational purposes only. Actual property tax rates vary by county, city, and special districts. Income tax liability depends on deductions, credits, and individual circumstances. Consult a qualified tax professional for advice specific to your situation. Last Updated: February 10, 2026.
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