Michigan vs Florida

Household income

Currently in

Moving to

Your $100,000 in Michigan is worth

$103,950

at national prices · RPP 96.2BEA RPP SARPPSource: BEA Regional Price Parities · SARPP · 2024 vintage · released February 2026 · Official API

The same income in Florida is worth

$96,712

at national prices · RPP 103.4BEA RPP SARPPSource: BEA Regional Price Parities · SARPP · 2024 vintage · released February 2026 · Official API

Your income goes −$7,238 less far in Florida (−7.0% purchasing power).

Show the math

adjusted = income ÷ (RPP ÷ 100)

Michigan: $100,000 ÷ (96.2 ÷ 100) = $103,950

Florida: $100,000 ÷ (103.4 ÷ 100) = $96,712

difference: $96,712 − $103,950 = −$7,238

Where the difference comes from

Price level by component, 100 = US average. Higher means more expensive.

Regional price parity by component for the two states, with the percentage difference.
Component	Michigan	Florida	Difference
All items	96.2	103.4	+7.5%
Housing rents	82.3	122.1	+48.4%
Goods	96.0	98.1	+2.2%
Utilities	100.2	90.1	−10.1%
Other services	100.9	101.3	+0.4%

BEA Regional Price Parities · SARPP · 2024 · rel. February 2026 · Official API

Housing reality check

Typical rent and home price in each state — tangible context beyond the index.

MichiganMedian rent$1,129/moMedian home$231,600

FloridaMedian rent$1,669/moMedian home$359,000

US Census ACS 5-Year Estimates · ACS5 · 2024 · rel. December 2025 · Official API

Tax at a glance

Hand-curated, tax year 2026 · verified 2026-07-20

Income and sales tax for the two states.
Tax	Michigan	Florida
Income tax (top rate)	4.25%	None
Sales tax (combined avg)	6.00%	6.98%

Tax Foundation (income & sales) · Tax · 2026 · rel. tax year 2026 · Manually maintained · verified 2026-07-20

Official API Manually maintained2 of 3 metrics sourced from official APIs, 1 manually maintained. How every number is calculated →

Michigan vs Florida: the read

The bottom line

Move a $100,000 income from Michigan to Florida and its purchasing power changes from $103,950 to $96,712 in national-average terms — a loss of $7,238. Michigan is the cheaper of the two, running at 96.2 on the price index versus 103.4.

Where the difference comes from

The widest gap is housing rents: Michigan sits at 82.3 and Florida at 122.1 (100 = national). Michigan has the edge there, and it's the main reason the two states diverge.

Housing

Median rent runs $1,129 in Michigan against $1,669 in Florida, and the typical home $231,600 versus $359,000. Michigan is the more affordable place to buy.

Taxes

On tax, Michigan has 4.25% top income tax and a combined sales tax of 6.00%; Florida has no wage income tax and 6.98%. That income-tax difference can outweigh a chunk of the cost-of-living gap for higher earners.

Full profiles: Michigan ·Florida. Every figure here is sourced on the pages linked above.

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