New York vs Florida Taxes: How a $100K Earner Keeps $8,393 More a Year in Florida

Verdict: Florida keeps $8,393 more at $100K single

New York vs Florida take-home pay by income

Quick answer: Florida wins at every income because the federal tax and FICA are identical in both states — only New York adds state income tax plus New York City tax. Compare your own salary with the New York paycheck calculator and the Florida paycheck calculator, then use the table below to see the full picture.

Single filer. Federal taxable income equals gross minus $16,100 (2026 standard deduction), taxed with floors [0, 12400, 50400, 105700, 201775, 256225, 640600] at rates 10/12/22/24/32/35/37%. NY and NYC taxable income equals gross minus $8,000 (NY 2025 single standard deduction). NY 2025 single rates run 4% ($0–$8,500), 4.5% (to $11,700), 5.25% (to $13,900), 5.5% (to $80,650), 6% (to $215,400), and 6.85% above that. NYC single rates run 3.078% (to $12,000), 3.762% (to $25,000), 3.819% (to $50,000), and 3.876% above that. FICA is shown at a flat 7.65% and is identical in both states, so it never changes the gap. Florida state tax is $0 at every income.

*NY/NYC columns use 2025 NY State and NYC tables — labeled as such until the 2026 schedules are released. Amounts rounded to the nearest cent. *$250k FICA at a flat 7.65% is simplified; above the Social Security wage base, actual FICA is lower in both states (the gap is unaffected because FICA is identical either way). Single filer, standard deduction, NYC resident only; Yonkers tax, credits, and AMT are not included.

How the rows were computed: Federal taxable income equals gross minus $16,100. Check the $100K row: $83,900 taxable gives $1,240 at 10% plus $4,560 at 12% plus $7,370 at 22%, totaling $13,170. NY taxable income equals gross minus $8,000, so the $100K row taxes $92,000 through the NY brackets to $4,951.75 and through the NYC brackets to $3,441.09. FICA equals gross times 7.65%. NY take-home equals gross minus federal minus NY state minus NYC minus FICA. FL take-home equals gross minus federal minus FICA.

High earners: NY state slabs up to 6.85% plus NYC up to 3.876% vs FL $0 — the gap is largest at $250K, but read the property-tax tradeoff and the estate-tax cliff below before deciding.

NY figures use 2025 NY State + NYC tables; 2026 federal figures; single filer, standard deduction, NYC resident.

Why people move from New York to Florida: the NYC exodus

Quick answer: It is not only the paycheck — jobs, housing costs, and taxes are moving together. New York City lost about 12,000 residents from mid-2024 to mid-2025, and income is leaving with the movers.

According to a Citizens Budget Commission report, New York City lost roughly 12,000 residents between June 2024 and July 2025. The longer trend is starker: from 2019 to 2023, a net of about 106,134 residents moved from New York to Florida, shifting roughly $14 billion of income south. Over the same 2019–2023 window, the income of people leaving New York exceeded the income of people arriving by about $68 billion. In plain terms, the people leaving earn more on average than the people coming in, which is exactly what a large income-tax gap predicts.

That does not mean everyone should move — housing, jobs, and family ties matter enormously — but it explains why the Florida question keeps coming up in New York. The rest of this guide covers the four tax angles that decide whether the move pays off for you: property tax, estate tax, the SALT cap, and the remote-work trap.

Moving from New York to Florida: pros and cons

Taxes are only half the decision. Here is the honest one-line version of each side — and if you want more state pairs like this one, browse our state tax comparison hub for more state pairs.

New York: pros and cons

Pros:

• Higher salaries in finance, media, and tech can offset the tax bite at the top end.
• Progressive state brackets mean a lighter burden on low-income earners outside NYC.
• STAR relief trims school property taxes for eligible homeowners.
• Dense transit and job market reduce car-dependency costs.

Cons:

• NYC residents pay two income taxes — state up to 6.85% plus city up to 3.876%.
• An $8,393 yearly gap at $100K single compounds to six figures over a decade.
• A separate estate tax with a cliff punishes estates just over the exclusion.
• Strict residency audits can follow you even after you leave.

Florida: pros and cons

Pros:

• Zero state income tax at every income level.
• No state tax return to file, ever.
• Bigger take-home pay on every paycheck at any salary.
• Homestead exemption plus Save Our Homes cap protects long-term owners.
• No state estate tax at all.

Cons:

• Homeowners insurance and HOA costs run high in many Florida counties.
• Combined sales tax with county surtax adds up on everyday spending.
• Property insurance volatility can surprise new buyers near the coast.
• Public services lean on sales and property taxes, so those rates move with local budgets.

Property tax tradeoff: NY burden vs FL homestead and Save Our Homes

Quick answer: Florida has no income tax, but it protects homeowners differently — through a homestead exemption and a cap on assessment growth. For renters and mid-salary W-2 workers, the income-tax saving wins easily. For expensive homes, compare county millage on both sides every year.

• Florida Homestead Exemption can reduce a home's assessed value by roughly $50,000 for eligible permanent residents.
• The Save Our Homes benefit caps annual assessed-value growth at 3% or CPI, whichever is lower — the 2025 cap was 2.9% on CPI grounds.
• Save Our Homes portability lets you transfer accumulated savings from an old Florida home to a new one.
• New York county millage and STAR relief vary widely by county, so check the local assessor rather than assuming a statewide number.

Try it in the calculator above: enter an optional home value to see the property-tax note next to your take-home comparison, then read the county assessor figures before signing anything.

Estate tax: NY $7.16M cliff vs Florida none

Quick answer: New York taxes estates above a $7.16 million exclusion for 2025 ($7.35 million for 2026) — with a cliff that wipes out the exclusion just over the limit — while Florida levies no estate tax at all.

New York's basic exclusion is $7,160,000 for people dying between January 1 and December 31, 2025, rising to $7,350,000 for 2026. The dangerous part is the cliff: when a taxable estate falls between 100% and 105% of the exclusion, the benefit phases out, and above 105% — about $7,518,000 for 2025 and about $7,717,500 for 2026 — the entire exclusion disappears. An estate barely over the line can owe far more than an estate just under it. Florida, by contrast, imposes no estate or generation-skipping tax; no new Florida estate tax applies to anyone dying after December 31, 2004, because the federal credit that once powered the state pickup tax is gone. For families near the threshold, this single difference can outweigh years of income-tax savings.

SALT cap angle: $40,400 for 2026 high earners

Quick answer: The SALT deduction cap is now $40,400 for 2026 joint filers, so NYC high earners who itemize get more federal relief than before — but the cap still phases out above $505,000 of income.

The One Big Beautiful Bill Act raised the SALT deduction cap from $10,000 to $40,000 for 2025 and $40,400 for 2026 (married filing jointly), with a 30% phaseout above $500,000 of MAGI for 2025 and $505,000 for 2026, floored at $10,000, and a return to $10,000 in 2030. That means NYC high-earning itemizers now deduct far more state and local tax than they could a few years ago — which narrows, but never closes, the Florida gap. Above roughly $505,000 of income the cap shrinks again, so the Florida move's SALT angle depends on your income: mid-range itemizers feel the relief most, while $500K-plus earners still face a meaningful unrelieved SALT burden in New York.

Remote-worker warning: NY convenience of the employer rule

Quick answer: Moving to Florida while keeping a New York job does not automatically end New York tax. If your assigned office is in New York and you work from Florida for your own convenience rather than employer necessity, those days still count as New York workdays.

New York's convenience of the employer test, laid out in Tax Department memo TSB-M-06(5)I, says days worked outside New York count as New York days when the out-of-state work serves the employee's convenience instead of the employer's necessity. In practice, a Florida home office with a Manhattan assigned desk can leave a large share of your wages taxable by New York even after you move. The Florida move delivers its full $8,393-style benefit only when the New York job or nexus genuinely ends — through a Florida-based role, a bona fide employer office requirement, or severing New York-source income. Get this in writing from your employer before you sign a Florida lease.

Withholding forms: NY IT-2104 vs federal W-4

New York requires federal Form W-4 plus state Form IT-2104 for withholding, while Florida needs only federal Form W-4 because it has no state income tax. After your move, file a new W-4 with your Florida address and confirm New York withholding stops on the next payroll cycle.

Moving from New York to Florida checklist

Quick answer: The tax saving only sticks if New York agrees you left. Work through these 8 steps in order, keep every proof, and file a final part-year New York return.

1. Fix your move date and keep lease or deed proof. Your part-year split, credits, and audit defense all anchor to this date — save the signed lease or closing papers.
2. Get your FL license within 30 days and register to vote. A Florida license plus voter registration are the strongest residency signals auditors look for.
3. Register your vehicles and surrender NY plates. Transfer plates and registration to Florida, then confirm New York records stop tying you to the state.
4. Give payroll a new W-4 with your Florida address and stop NY withholding. Confirm the change lands before the next pay cycle and keep the confirmation.
5. Shift bank, medical, and insurance ties. Move accounts, doctors, memberships, and policies — auditors weigh closest connections, not just your address.
6. File a NY part-year return (IT-203) and split wages by move date. Report only New York-period income to Albany; a move can also change your refund math, so check our federal tax refund calculator for the move year.
7. Drop IT-2104 and keep only the federal W-4. Florida has no state withholding form, so state withholding should be zero from the move forward.
8. Keep a proof folder for a first-year residency notice. Store copies of the lease or deed, utility bills, and license together — most post-move inquiries are settled with paperwork, not penalties.

Sources and methodology

Federal figures use 2026 IRS brackets and the $16,100 single standard deduction. NY State and NYC figures use the 2025 published tables, labeled as such throughout. Key sources: the New York State estate tax page (tax.ny.gov), the Florida Department of Revenue homestead resources, the Citizens Budget Commission migration data as reported by FOX 5 NY and the NY Post, and Tax Department memo TSB-M-06(5)I on the convenience rule. NY county millage and STAR figures are intentionally omitted — check the county assessor for current numbers.