New Jersey → Florida
How much could you save by moving from New Jersey (1.4% – 10.75%) to Florida (no income tax)? See the full tax comparison below.
Tax Savings by Income Level
| Income | New Jersey Total Tax | Florida Total Tax | Annual Savings |
|---|---|---|---|
| $75,000 | $15,468 | $13,687 | Save $1,781 |
| $100,000 | $24,339 | $21,099 | Save $3,240 |
| $150,000 | $42,967 | $36,542 | Save $6,425 |
| $200,000 | $60,496 | $50,885 | Save $9,610 |
Based on single filer, standard deduction, 2025 tax year. Includes federal income tax, state income tax, and FICA.
Why the difference
You'd save $3,240/year ($270/month) in Florida vs New Jersey.
Tax structure
New Jersey uses progressive brackets up to 10.8%, while Florida has no state income tax.
Effective rate at your income
At $100,000, Florida's effective state rate is 0.0% vs 3.2% in New Jersey — a 3.2 percentage point gap.
Tip: New Jersey's combination of high income tax and nation-leading property taxes creates a substantial tax burden. If you work in NYC, note that NJ residents receive a credit for taxes paid to NY, but the NJ/NYC tax interaction can be complex — ensure proper credit on your NJ return.
Tip: No state income tax means your take-home pay is among the highest nationally. Florida does not tax retirement income, Social Security, or investment income at the state level, making it one of the most tax-efficient states for retirees and investors.
Calculate your exact savings →
Enter your income, filing status, and home value for a personalized New Jersey → Florida comparison.
Understanding Each State
New Jersey
New Jersey has progressive income tax brackets reaching 10.75% on income over $1 million. Combined with property taxes that are the highest in the US (average 2.23% of home value), New Jersey has one of the heaviest overall tax burdens nationally. However, NJ does not tax Social Security benefits.
Tip: New Jersey's combination of high income tax and nation-leading property taxes creates a substantial tax burden. If you work in NYC, note that NJ residents receive a credit for taxes paid to NY, but the NJ/NYC tax interaction can be complex — ensure proper credit on your NJ return.
Florida
Florida has no state income tax, funded instead by a 6% state sales tax (plus local additions up to 2%) and property taxes. This makes Florida especially attractive for high earners and retirees. Florida's population has grown rapidly, partly driven by tax migration from high-tax states like New York and California.
Tip: No state income tax means your take-home pay is among the highest nationally. Florida does not tax retirement income, Social Security, or investment income at the state level, making it one of the most tax-efficient states for retirees and investors.
Related Resources
Frequently asked questions
How much can I save moving from New Jersey to Florida?
At $100,000 income (single filer), you could save $3,240.48 per year in combined taxes by moving from New Jersey to Florida. The actual savings depend on your income, filing status, and whether you own property.
Do I have to file taxes in New Jersey if I move to Florida?
If you move mid-year, you may need to file a part-year resident return in New Jersey and a part-year or full-year return in Florida. Establish your new domicile (driver's license, voter registration, etc.) to clearly document the move date.
What taxes should I compare besides income tax?
Beyond state income tax, compare property tax rates, sales tax, and any special taxes (e.g., estate tax, capital gains surtax). States with no income tax often have higher property or sales taxes that partially offset the savings.