Financial Profile: Florida
Financial landscape, tax rates, cost of living, and median income scoring for Florida residents.
Florida at a Glance
Avg Salary
$55,000
Cost of Living
103
Top Tax Rate
None
Adjusted Income
$53,398
Monthly Take-Home
$3,848
Max Rent (30%)
$1,374
Financial Genome at Median Income
Scores calculated for someone earning $55,000/yr in Florida with typical expenses.
PPI
40
C
FPI
25
F
LRS
56
C+
REW
30
D
Living in Florida: Financial Overview
Florida has no state income tax, making it a popular destination for retirees and remote workers.
- No state income tax
- Growing tech scene
- Popular relocation destination
Major Cities
Miami, Orlando, Tampa, Jacksonville
With a cost of living index of 103 (above the national average of 100), expenses are higher in Florida. A $60,000 salary here has the purchasing power equivalent of only $58,252 in an average-cost area.
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