Florida
Low tax burden · COL index 103
Wins 6 categories
New Jersey
Very High tax burden · COL index 121
Wins 6 categories
Florida has no state income tax. New Jersey's top rate is 10.75%. Cost of living in New Jersey (index 121) runs 17% higher than Florida (index 103). Property taxes are meaningfully different: New Jersey averages 2.13% annually vs Florida's 0.77%. The median home in New Jersey costs $500K vs $415K in Florida.
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Category wins
6
Florida
6
New Jersey
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Score For My Profile →People Also Ask
Is it better to live in NJ or Florida?
Florida's advantage comes from three factors: no income tax, lower home prices, and lower property taxes. The numbers back it up: a median home price $142,597 lower and an effective property tax rate less than half of New Jersey's, the highest in the nation, based on Zillow Research (2024) and Tax Foundation (2024).
Can you live on $3,000 a month in Florida?
Why are people leaving Florida in 2026?
Why do people from New Jersey move to Florida?
Roughly 47,000 New Jersey residents make the move to Florida every year, drawn by the same combination that's reshaped the Sun Belt for a generation: zero state income tax, warmer winters, and a lower cost of living that the Garden State simply cannot match.