Florida vs Texas: 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
Texas
- Median Home
- $260,400
- Median Rent
- $1,339/mo
- Median Income
- $76,292
- Income Tax
- None
| Category | Florida | Texas |
|---|---|---|
| Median Home Value | $325,000 | $260,400 |
| Median Gross Rent | $1,564/mo | $1,339/mo |
| Median Household Income | $71,711 | $76,292 |
| Per Capita Income | $41,055 | $39,446 |
| Unemployment Rate | 4.8% | 5.1% |
| Poverty Rate | 12.6% | 13.8% |
| Avg Commute | 29.7 min | 27.7 min |
| Taxes | ||
| State Income Tax (top rate) | None | None |
| Total Sales Tax | 7.0% | 8.2% |
| 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 Texas cheaper to live in?
Based on median home values, Texas is more affordable. Florida's median home value is $325,000 vs Texas's $260,400. However, income levels also matter — Florida's median household income is $71,711 while Texas's is $76,292.
Does Florida or Texas have lower income taxes?
Both Florida and Texas have no state income tax.
What is the difference in cost of living between Florida and Texas?
Median home values differ by $64,600. Median rents differ by $225/mo. Median incomes: Florida $71,711, Texas $76,292.