Florida vs New York: Cost of Living
Side-by-side comparison · 2023 Census ACS & Tax Foundation data
Florida
- Median Home
- $325,000
- Median Rent
- $1,564/mo
- Median Income
- $71,711
- Income Tax
- None
New York
- Median Home
- $403,000
- Median Rent
- $1,576/mo
- Median Income
- $84,578
- Income Tax
- 10.9%
| Category | Florida | New York |
|---|---|---|
| Median Home Value | $325,000 | $403,000 |
| Median Gross Rent | $1,564/mo | $1,576/mo |
| Median Household Income | $71,711 | $84,578 |
| Per Capita Income | $41,055 | $49,520 |
| Unemployment Rate | 4.8% | 6.2% |
| Poverty Rate | 12.6% | 13.7% |
| Avg Commute | 29.7 min | 28.2 min |
| Taxes | ||
| State Income Tax (top rate) | None | 10.9% |
| Total Sales Tax | 7.0% | 8.5% |
| Property Tax Rate | 0.9% | 1.7% |
Green = better value for that metric. Data from 2023 Census ACS 5-Year Estimates and Tax Foundation.
Frequently Asked Questions
Is Florida or New York cheaper to live in?
Based on median home values, Florida is more affordable. Florida's median home value is $325,000 vs New York's $403,000. However, income levels also matter — Florida's median household income is $71,711 while New York's is $84,578.
Does Florida or New York have lower income taxes?
Florida has no state income tax. New York's top state income tax rate is 10.9%.
What is the difference in cost of living between Florida and New York?
Median home values differ by $78,000. Median rents differ by $12/mo. Median incomes: Florida $71,711, New York $84,578.