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Tax Migration Analysis
Living in New York vs. Florida: Take-Home Pay and Tax Differences
Updated for the 2026 Tax Year • 7 min read
Choosing where to live and work between New York and Florida has a profound effect on your financial bottom line. The financial divide between New York and Florida is among the steepest in the nation. New York state levies progressive rates up to 10.9%, and residents in New York City pay an extra municipal income tax up to 3.876%. By moving to Florida, a single earner on a $100k salary saves over $9,000 annually in withheld taxes.
Key Tax Differences
- New York State Tax: Progressive (4.0% – 10.9%) + NYC Local Tax.
- Florida State Tax: 0.00% (No State Income Tax).
- Federal Deductions: Both states are subject to IRS federal withholding and mandatory FICA contributions (6.2% Social Security and 1.45% Medicare).
$100,000 Annual Salary Take-Home Comparison
| Withholding Category | New York ($100k) | Florida ($100k) |
|---|---|---|
| Gross Salary | $100,000 | $100,000 |
| Federal Income Tax (Est.) | ~$13,600 | ~$13,600 |
| FICA (Social Security & Medicare) | $7,650 | $7,650 |
| State Income Tax (PIT) | ~$5,400 + $3,500 NYC | $0.00 |
| Mandatory State Deductions / SDI | ~$300 (PFL/SDI) | $0.00 |
| Estimated Annual Net Pay | ~$69,550 | ~$78,750 |
Estimated net pay difference: +$9,200 in Florida.
New York Calculator
Calculate exact take-home pay based on New York state rules.
Florida Calculator
Estimate your net paycheck under Florida tax regulations.