When the time has come to consider moving from NY to FL, whether you planned it or not, you will always try to find the benefits of such relocation. At State to State Move you can always find valuable insights for your long distance moving experiences and needs. In this article, we will be sharing some of the top reasons why people move from New York State to Florida State.
Trading a Higher Salary for Personal Income Tax Exemption
Even though, Florida averages a lower salary compared to New York (with an average difference ratio of ≈30%), attorneys and certified public accountants can come close to what an average employee make in New York. Nonetheless, we are clear that most people are not attorneys nor certified public accountant, thus personal income tax exemption might be a great incentive, plus the cost of leaving is lower in Florida compared to New York.
|Cost of Living Indexes||Florida||New York|
|Median Home Cost||$246,300||$662,100|
On the other hand, as for real estate taxes: Florida rates are measured in “mils”., whereas New York measures in “percent”. Not saying they are 1000 time higher, but I recall a colleagues’s father paying 22% of his house value every year, where most people in Florida pay less than 1%.
It seems that the government makes enough money from sales taxes (tourism in Florida is a major source of income) so that it does not need to tax its citizens.
Relatively Mild Weather Compared to New York
When people asked why they liked moving to Florida, one of the most predominant answers they give is “The Weather“. Forget about shoveling snow, cold, freezing points, inches of snow, ice storms, etc. This could be a perfect environment for those who work outdoor!
In New York, fall could turn into your favorite season of the year and you might even enjoy winter during Christmas, but that’s a holiday that lasts a few weeks. After that? You will need to put up with freeze.
Now, the dark side of Florida has always been its propensity to hurricanes, storms, etc. but once you get used to its tropical weather you will even joke about the fact that if a hurricane shuts down the power, then you will not freeze to death, as if it was the case up north.
Home heating is not much of a concern in Florida, and if you don’t mind it warm, air conditioning is optional. The bill might not even get to half of what you pay up north in New York.
In Florida everything is built around the tropical weather and natural beauties that pervade the state. There are only two major seasons in Florida, namely summer and Indian summer.