Moving From New York to Florida: How Much You'll Save on Taxes
June 12, 2025
America's Most Popular Tax Migration
More people move from New York to Florida than any other state-to-state route in the US. The #1 reason cited: taxes.
And the numbers back it up. New York has the 3rd highest total tax burden in the country. Florida has the 6th lowest.
The Numbers
| Metric | New York | Florida | Difference |
|---|---|---|---|
| State Income Tax | 4-10.9% | 0% | Save 100% |
| Effective Property Tax | 2.26% | 0.76% | 66% lower |
| Sales Tax | 8.52% | 7.02% | Slightly lower |
| Total Burden | 13.75% | 4.92% | 8.83 points less |
Savings by Income Level
| Annual Income | NY Total Tax | FL Total Tax | Annual Savings | 10-Year Savings |
|---|---|---|---|---|
| $75,000 | $10,312 | $3,690 | $6,622 | $66,220 |
| $100,000 | $13,750 | $4,920 | $8,830 | $88,300 |
| $150,000 | $20,625 | $7,380 | $13,245 | $132,450 |
| $200,000 | $27,500 | $9,840 | $17,660 | $176,600 |
| $300,000 | $41,250 | $14,760 | $26,490 | $264,900 |
At $100K income, you save $8,830/year by moving to Florida. Over a 10-year period, that's nearly $90,000 in kept income.
Property Tax Comparison
New York's property taxes are also much higher:
On a $500K home:
What New York Taxes That Florida Doesn't
NYC Residents: The Extra Hit
If you live in New York City, add another 3.078-3.876% in city income tax on top of state tax. Moving from NYC to Miami saves even more than moving from Albany to Tampa.
The Downsides of FL (Be Honest About These)
When the Move Doesn't Save You
If you own a very modest home and have low income, the savings are smaller. At $50K income with a $200K home, you save about $3,500/year — meaningful but not life-changing after factoring in moving costs and higher insurance.
The Break-Even Point
Average cost to move NY→FL: $5,000-$15,000 (depending on situation)
At $100K income, you break even on moving costs within 1-2 months of living in Florida.
How to Calculate Your Exact Savings
Use our move calculator → — enter your specific income and home value to see a personalized comparison.
Or see the full comparison: New York vs Florida →