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.
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Category wins
8
Florida
8
Illinois
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Is it better to live in Illinois or Florida?
Illinois is therefore one of the states with the strongest job growth. However, the unemployment rate in Illinois is 9.5%, while in Florida it is 8.3%. Also, the average commute time makes Florida a better workplace.
Can you live comfortably on $50,000 a year in Florida?
Why are people moving out of the state of Illinois?
Are taxes higher in Illinois or Florida?