What's your salary actually worth in Miami vs NYC?
New York adds a 3.9–10.9% state tax and a 3.078–3.876% city tax on top of federal. Florida adds nothing. Enter a salary to see the 2026 numbers side by side.
The bottom line
On $150,000, you keep roughly $13,670 more per year in Miami, or $1,139 a month.
Add the median-rent gap ($1,052/mo cheaper in Miami) and the combined swing is about $26,294 a year. Miami's higher insurance costs take some of that back.
| 2026 taxes | Miami | New York |
|---|---|---|
| Federal income tax | $24,734 | $24,734 |
| Social Security + Medicare | $11,475 | $11,475 |
| State income tax | — | $8,291 |
| City income tax | — | $5,379 |
| Total tax | $36,209 | $49,879 |
| Take-home pay | $113,791 | $100,121 |
| Effective income-tax rate (excl. FICA) | 16.5% | 25.6% |
What this does and doesn't model
- 2026 brackets: federal (IRS Rev. Proc. 2025-32), New York State (3.9–10.9%), and NYC resident tax (3.078–3.876%). Florida has no state or city income tax.
- Standard deduction only, one earner. “Married” applies joint brackets to a single salary; a two-earner household pays Social Security per person, which this can't capture.
- FICA (Social Security to the $184,500 wage base, Medicare, Additional Medicare over the threshold) is included in take-home but identical in both cities.
- New York's tax-benefit recapture IS modeled: above $107,650 NYAGI the graduated-bracket benefit phases out over $50,000 windows until the marginal rate applies to all taxable income.
- Not modeled: credits, pre-tax retirement or health deductions, itemized deductions, and local taxes outside NYC.
Sources: IRS Rev. Proc. 2025-32 (2026 federal brackets & standard deduction) · SSA contribution and benefit base (2026 wage base $184,500) · IRS Topic 560 (Additional Medicare Tax thresholds) · NY DTF withholding & 2026 rate schedules (3.9–10.9%) · NYC Department of Finance personal income tax rates
These are estimates, not tax advice. Talk to a professional before a move this size.