Florida
Low tax burden · COL index 103
Wins 8 categories
Michigan
Moderate tax burden · COL index 88
Wins 8 categories
Florida has no state income tax. Michigan's top rate is 4.25%. Cost of living in Florida (index 103) runs 17% higher than Michigan (index 88). Property taxes are meaningfully different: Michigan averages 1.32% annually vs Florida's 0.77%. The median home in Florida costs $415K vs $250K in Michigan.
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Category wins
8
Florida
8
Michigan
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Score For My Profile →People Also Ask
Why do people move from Michigan to Florida?
Reasons to Move to Florida Florida offers numerous advantages if you are moving from Michigan. Let's look at its advantages below: No Income Tax- Florida is among 9 states in the US that have zero income tax. Great Job Opportunities- The economy of the Sunshine State is a booming beacon of employment.
Can I live on $2000 a month in Florida?
Is it better to retire in Michigan or Florida?
But according to The Motley Fool's 2026 Best Places to Retire, Michigan is the fourth-best state to retire in after Florida, California, and Texas. Image source: Getty Images. One of Michigan's core strengths is its low cost of living.
Why are people leaving Florida in 2026?