Median one-bedroom rent across the cities we track is $1,235 in Florida versus $1,705 in New York. Overall, Florida runs roughly 28% cheaper on rent than New York, its main day-to-day cost driver.
Median household income across tracked cities is $69,142 in Florida and $79,713 in New York — about 13% higher in New York. Florida has no state income tax and a 6% state sales tax; New York has a top state income tax rate of 10.90% and a 4% state sales tax.
State Taxes
Sales Tax
6%
4%
+2.0 pp in Florida
Income Tax (top rate)
None
10.90%
+10.9 pp in New York
Housing (median across tracked cities)
Median 1BR Rent
$1,235
$1,705
+38% in New York
Median Home Value
$320,700
$751,700
+134% in New York
Income (median across tracked cities)
Median Household Income
$69,142
$79,713
+15% in New York
Climate (median across tracked cities)
Avg Annual Temperature
71.8°F
55.0°F
+16.8°F in Florida
Florida vs New York — FAQ
- Is it cheaper to live in Florida or New York?
- Florida is cheaper on rent — its median one-bedroom of $1,235 runs about 28% below New York's $1,705, based on the cities we track in each state.
- How much more do you need to earn to live in Florida than in New York?
- To keep rent near the recommended 30% of gross income, based on median rent across tracked cities, you'd want to earn roughly $49,000 a year in Florida versus $68,000 in New York.
- Which has lower taxes, Florida or New York?
- Florida has no state income tax and a 6% state sales tax. New York has a top state income tax rate of 10.90% and a 4% state sales tax.
Housing, income, and climate are medians across the 2/1 cities we track in Florida/New York — not population-weighted statewide figures. Taxes are exact state-level rates. Sources: US Census Bureau, ACS 5-Year; NOAA Climate Normals 1981–2010; Tax Foundation 2026.