What does the NYC to Miami tax migration calculator estimate?
This calculator models the financial impact of moving from New York City to Miami. It compares the New York State and New York City income tax you pay today against the zero state income tax you would pay as a Florida resident, then offsets those savings with the added carrying costs of a Florida property. The model applies a blended effective rate of 9 percent on incomes under $500,000, 10.5 percent from $500,000 to $2 million, and 12 percent above $2 million, and it assumes added Florida carrying costs of 0.3 percent of the property value per year. Outputs include annual tax savings, cumulative 5 and 10 year savings, and the net benefit across your chosen time horizon.
How much can you save by moving from NYC to Florida?
Florida levies no state income tax. New York residents at the top bracket pay a combined state and city rate of roughly 14.8 percent: a 10.9 percent top state rate plus the 3.876 percent New York City resident tax. After establishing Florida domicile, that entire layer of tax disappears. The table below shows representative outcomes from the calculator over a 5 year horizon with full Florida residency.
| Annual income | Property value | Modeled rate | Annual tax savings | 5 year net benefit |
|---|
| $250,000 | $1,000,000 | 9% | $22,500 | $97,500 |
| $500,000 | $5,000,000 | 10.5% | $52,500 | $187,500 |
| $1,000,000 | $10,000,000 | 10.5% | $105,000 | $375,000 |
| $3,000,000 | $25,000,000 | 12% | $360,000 | $1,425,000 |
Net benefit subtracts modeled Florida carrying costs of 0.3 percent of property value per year. Figures are estimates produced by the calculator model on this page, not tax advice.
What is the 183 day rule for New York residency?
If you spend more than 183 days in New York during the tax year and maintain a permanent place of abode there, New York treats you as a statutory resident and taxes you as a resident regardless of where you claim domicile. Buyers who keep a Manhattan apartment after moving to Miami must track their New York day count carefully, since New York residency audits can look back three years.
What does it take to establish Florida domicile?
Florida domicile requires demonstrable action, not just intent: file a declaration of domicile with your Florida county, obtain a Florida driver license, register to vote in Florida, claim the homestead exemption on your primary Florida residence, move your primary home, family life, and key business ties to the state, and spend the majority of the year there.
Common questions about NYC to Miami tax migration
Does Florida have a state income tax?
No. Florida is one of nine states with no personal income tax, and it also has no state estate tax.
Do you stop paying New York tax the day you move?
No. You must change your domicile, keep your New York day count at or under 183, and be prepared to document the move. Otherwise New York can continue to tax you as a resident.
Are these calculator results tax advice?
No. They are modeled estimates. Filing structure, deductions, and income sources change real outcomes, so consult a tax advisor before acting on a relocation plan.