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New York vs Florida

A comprehensive side-by-side comparison of cost of living, wages, taxes, and housing between New York and Florida. 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 $1,750/mo in New York vs $1,450/mo in Florida.

Cost of Living Index

148.2

New York

102.8

Florida

44.2% higher in New York

Minimum Wage ($/hr)

$17

New York

$14

Florida

21.4% higher in New York

Median Household Income

$74,314

New York

$63,030

Florida

17.9% higher in New York

Average 1BR Rent ($/mo)

$1,750

New York

$1,450

Florida

20.7% higher in New York

State Sales Tax Rate

4.00%

New York

6.00%

Florida

33.3% lower in New York

Frequently Asked Questions

Is New York or Florida cheaper to live in?expand_more

Florida has a lower cost of living index (102.8 vs 148.2), making it approximately 44.2% more expensive than New York overall.

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

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

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

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

Explore Individual States

New York

Minimum Wage Salary Calculator Unemployment Data

Florida

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