New Jersey vs Florida

Household income

Currently in

Moving to

Your $100,000 in New Jersey is worth

$91,912

at national prices · RPP 108.8BEA 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 +$4,800 further in Florida (+5.2% purchasing power).

Show the math

adjusted = income ÷ (RPP ÷ 100)

New Jersey: $100,000 ÷ (108.8 ÷ 100) = $91,912

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

difference: $96,712 − $91,912 = +$4,800

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	New Jersey	Florida	Difference
All items	108.8	103.4	−5.0%
Housing rents	134.3	122.1	−9.1%
Goods	107.1	98.1	−8.4%
Utilities	114.2	90.1	−21.1%
Other services	103.5	101.3	−2.1%

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.

New JerseyMedian rent$1,720/moMedian home$454,400

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	New Jersey	Florida
Income tax (top rate)	10.75%	None
Sales tax (combined avg)	6.60%	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 →

New Jersey vs Florida: the read

The bottom line

Move a $100,000 income from New Jersey to Florida and its purchasing power changes from $91,912 to $96,712 in national-average terms — a gain of $4,800. Florida is the cheaper of the two, running at 103.4 on the price index versus 108.8.

Where the difference comes from

The widest gap is utilities: New Jersey sits at 114.2 and Florida at 90.1 (100 = national). Florida has the edge there, and it's the main reason the two states diverge.

Housing

Median rent runs $1,720 in New Jersey against $1,669 in Florida, and the typical home $454,400 versus $359,000. Florida is the more affordable place to buy.

Taxes

On tax, New Jersey has 10.75% top income tax and a combined sales tax of 6.60%; 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: New Jersey ·Florida. Every figure here is sourced on the pages linked above.

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