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Florida vs New York

A comprehensive side-by-side comparison of cost of living, wages, taxes, and housing between Florida and New York. Updated for 2026.

Quick Summary

Florida is 45.4% cheaper to live in than New York. However, New York has a higher median household income ($74,314 vs $63,030). Average rent for a 1-bedroom is $1,450/mo in Florida vs $1,750/mo in New York.

Cost of Living Index

102.8

Florida

148.2

New York

30.6% lower in Florida

Minimum Wage ($/hr)

$14

Florida

$17

New York

17.6% lower in Florida

Median Household Income

$63,030

Florida

$74,314

New York

15.2% lower in Florida

Average 1BR Rent ($/mo)

$1,450

Florida

$1,750

New York

17.1% lower in Florida

State Sales Tax Rate

6.00%

Florida

4.00%

New York

50.0% higher in Florida

Frequently Asked Questions

Is Florida or New York cheaper to live in?expand_more

Florida has a lower cost of living index (102.8 vs 148.2), making it approximately 30.6% cheaper than New York overall.

What is the minimum wage difference between Florida and New York?expand_more

Florida has a minimum wage of $14/hr while New York has $17/hr. The difference is $3.00/hr.

Which state has higher median income: Florida or New York?expand_more

New York has a higher median household income at $74,314, compared to $63,030 in Florida.

Explore Individual States

Florida

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New York

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