Florida vs Illinois: taxes, cost of living, laws

Florida

Low tax burden · COL index 103

Wins 8 categories

Illinois

High tax burden · COL index 92

Wins 8 categories

Florida has no state income tax. Illinois's top rate is 4.95%. Cost of living in Florida (index 103) runs 12% higher than Illinois (index 92). Property taxes are meaningfully different: Illinois averages 1.73% annually vs Florida's 0.77%. The median home in Florida costs $415K vs $275K in Illinois.

Florida

Illinois

Taxes

None

Income Tax (top rate)

4.95%

0.77%/yr

Property Tax Rate

1.73%/yr

7.02%

Sales Tax (avg)

8.82%

Yes

Social Security Tax

Yes

Estate Tax

None

Capital Gains Tax

As income

Housing & Cost of Living

103

COL Index (100=avg)

$415K

Median Home Price

$275K

$1,900/mo

Median Rent (2BR/mo)

$1,400/mo

$4K/yr

Home Insurance (avg/yr)

$2K/yr

Crime & Safety

387

Violent Crime / 100K

413

1,882

Property Crime / 100K

1,666

151

Sex Offenders / 100K

269

134

Homeless / 100K

203

Healthcare

#40 of 50

Healthcare Quality Rank

#20 of 50

77.3 yrs

Life Expectancy

77.2 yrs

13.2%

Uninsured Rate

7.4%

Medicaid Expansion

Yes

Education

#19 of 50

K-12 Quality Rank

#16 of 50

Yes

School Choice / Vouchers

Childcare

$1,000/mo

Avg Infant Care / mo

$1,650/mo

Utilities & Daily Costs

$155/mo

Avg Energy Bill / mo

$145/mo

$510/mo

Avg Groceries / mo

$510/mo

#26 of 50

Road Quality Rank

#40 of 50

Social Policy

Gun Laws Grade

R+13.0

2024 Presidential Margin

D+14.0

Category wins

Florida

Illinois

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