What is the NYC city income tax rate?

NYC residents pay an additional city income tax on top of New York State income tax. The city tax rates range from 3.078% on income up to $12,000 to 3.876% on income above $50,000. This city tax is unique to NYC and does not apply to other New York State residents.

Are there any taxes that are higher in Florida than New York?

Florida and New York sales taxes are relatively close (FL averages 6.98% combined vs NY upstate 8.00% and NYC 8.875%), so NY is higher. Florida has no state income tax. Property taxes are lower in FL. In most realistic scenarios, Florida has a lower total tax burden than New York at every income level.

Florida vs New York Tax Comparison

See exactly how much you save moving from New York to Florida. Compare income tax, property tax, and sales tax side by side.

Compare your total tax bill: income + property + sales tax in both states

Annual salary

Gross annual income before taxes

Home value

Current or target home purchase price

Annual taxable spending

Purchases subject to sales tax (excludes groceries)

Filing status

NY location

Different NY areas have different property and sales tax rates

—

Try another scenario

How to Use This Comparison

Side-by-Side Tax Bill tab

The default tab. Enter your salary, home value, and annual taxable spending. Choose your filing status and where in New York you live (upstate, NYC, or Westchester). The calculator shows your total tax bill in Florida vs New York, broken down by income tax, property tax, and sales tax.

Take-Home Comparison tab

Shows the impact on your actual paycheck. Florida has no state income tax deduction, so your take-home pay is higher from day one. The tab also shows your net position after all taxes (income + property + sales) are accounted for.

Who Wins at Each Income? tab

Compares Florida vs New York at five income levels: $50K, $80K, $120K, $200K, and $500K. Florida wins at every level because it has no state income tax. The gap widens dramatically at higher incomes due to New York's progressive tax brackets reaching 10.9%.

Share your result

Every input is encoded in the URL. Click Share to send your exact scenario to a spouse, financial advisor, or anyone considering the move.

How the Taxes Are Calculated

Each state's total tax burden is the sum of three components:

Total Tax = Income Tax + Property Tax + Sales Tax

Florida
Income Tax = $0 (no state income tax)
Property Tax = Home Value × 0.80%
Sales Tax = Taxable Spending × 6.98%

New York (Upstate)
Income Tax = Progressive brackets from 4% to 10.9%
Taxable Income = Salary − Standard Deduction ($8,500 single / $17,400 MFJ)
Property Tax = Home Value × 1.45%
Sales Tax = Taxable Spending × 8.00%

NYC (additional)
City Income Tax = Progressive brackets from 3.078% to 3.876%
Property Tax = Home Value × 0.85% (lower rate, different assessment)
Sales Tax = Taxable Spending × 8.875%

Federal taxes (income tax, FICA, Medicare) are identical in both states and are excluded from this comparison. Only state and local taxes are compared.

Worked Example

Sarah — $80K salary, $400K home, $30K spending, single filer

Florida tax bill

State income tax$0

Property tax ($400K × 0.80%)$3,200

Sales tax ($30K × 6.98%)$2,094

Total FL tax bill$5,294

New York (upstate) tax bill

State income tax$3,768

Property tax ($400K × 1.45%)$5,800

Sales tax ($30K × 8.00%)$2,400

Total NY upstate tax bill$11,968

New York City tax bill

State income tax$3,768

NYC city income tax$2,709

Property tax ($400K × 0.85%)$3,400

Sales tax ($30K × 8.875%)$2,663

Total NYC tax bill$12,540

Florida saves Sarah $6,674/year vs upstate NY and $7,246/year vs NYC. Over 10 years, that is $66,740 to $72,460 in cumulative savings — before accounting for investment growth on those savings.

FAQ

How much do you save moving from New York to Florida? ▼

On an $80,000 salary with a $400,000 home and $30,000 in annual spending, you save roughly $6,674 per year moving from upstate NY to Florida, or $7,246 from NYC. The savings come from Florida having no state income tax, lower property taxes, and lower sales taxes compared to New York. The higher your income, the more you save — at $200K, savings exceed $14,000/year.

Does Florida have state income tax? ▼

No. Florida is one of nine US states with no state income tax. This means 100% of your wages, retirement income, investment income, and business income are free from state income tax. The Florida Constitution prohibits a state personal income tax, so this is unlikely to change.

Is property tax higher in Florida or New York? ▼

New York has higher property taxes on average. Florida's effective property tax rate is about 0.80%, while upstate New York averages 1.45% and Westchester County reaches 2.56%. Florida also offers a Homestead Exemption that reduces the taxable value of your primary residence by up to $50,000, further lowering your bill. NYC property tax rates appear lower (~0.85%) but assessed values use a different methodology.

What about cost of living beyond taxes? ▼

This calculator focuses on taxes only. Cost of living includes housing, insurance (FL homeowner's insurance is higher due to hurricanes), utilities, transportation, and healthcare. In many Florida metros, housing costs are significantly lower than NYC or downstate NY suburbs. However, Florida homeowner's insurance averages $4,000-$6,000/year vs $1,500-$2,500 in New York, which offsets some tax savings. Run the full numbers for your specific situation.

Do I need to establish Florida residency to get the tax benefits? ▼

Yes. You must be a bona fide Florida resident to avoid New York state income tax. New York is aggressive about auditing people who claim to have moved. Key steps include: (1) spend more than 183 days per year in Florida, (2) change your driver's license and voter registration, (3) update bank accounts and professional licenses, (4) file a Florida Declaration of Domicile, and (5) move your primary home, family, and social connections. Simply buying a Florida home while maintaining a NY apartment is not enough.

Related Calculators

Add This Comparison to Your Website

Embed the sum.money Florida vs New York Tax Comparison on your site. Free, responsive, always up-to-date.