New York → Miami

Moving from New York to Miami:
The real cost-of-living math.

Real data on moving from New York to Miami — home prices by neighborhood, the income tax difference, and how to find the right Miami area for your budget.

About 27,268 people moved from the New York area to the Miami area in 2022–23, per IRS data. The New York median home ($794,224) is below Miami's ($918,457), and 14 of 25 well-sampled Miami neighborhoods sell at or under it. State income tax goes from 4%–10.9% to 0%.

Data verified October 11, 2026. Reviewed by Chris Harris, REALTOR® (Real Broker, LLC). Chris connects movers with licensed agents in their destination market.

New York to Miami is one of the most high-profile US relocation paths. Florida's 0% state income tax compared to New York's 10.9% (plus NYC's additional 3.876% city tax for residents) is the primary financial driver. Miami's home prices have risen substantially and now rival New York's in some neighborhoods — Brickell and South Beach compare to Manhattan — but outer neighborhoods and suburbs remain significantly more affordable.

How many people move from New York to Miami?

27,268
People (17,217 households), New York metro to Miami metro, 2022–23
12,572
People who moved the other way
#1
Miami’s rank among destinations for New York-area movers

IRS address changes on tax returns show about 27,268 people in 17,217 households moved from the New York-Newark-Jersey City, NY-NJ metro area to the Miami-Fort Lauderdale-West Palm Beach, FL metro area between the 2022 and 2023 filing years. About 12,572 moved in the opposite direction, so the Miami side gained roughly 8,121 households on net. Of the 205,642 households that left the New York metro for another U.S. metro, Miami ranked number 1.

Source: IRS Statistics of Income, U.S. Population Migration Data, 2022–2023, county-to-county outflows summed to metro areas. The IRS suppresses county pairs with fewer than 20 returns, so these totals are a floor.

What a New York budget buys in Miami

$794,224
New York, NY median home price
$918,457
Miami, FL median home price
14 of 25
Miami neighborhoods at or under the New York median

The Miami median ($918,457) is $124,233 above the New York median ($794,224), so the same budget buys less. Spend the full $794,224 instead and 14 of the 25 Miami neighborhoods we track with at least 5 recent sales have a median at or below it. The closest to that budget: Golden Pines ($712,752), Midtown Miami ($677,264), Wynwood-Edgewater ($677,264), Park West ($644,776). At 10% down and 7%, a $918,457 Miami home runs about $7,107 a month with taxes and insurance, against about $6,126 for a $794,224 New York home.

Neighborhoods closest to the Miami median:

NeighborhoodMedian sale priceHomes sold (3 mo.)
Upper Eastside$964,91466
Shenandoah$862,70039
Coral Way$852,204181

For the lowest entry price, the most affordable well-sampled Miami neighborhoods are Dadeland ($361,232), West End ($370,000), Miami Central Business District ($414,856).

Prices: New York Zillow Home Value Index 2025; Miami Redfin, Jan–Jun 2026. Neighborhood medians and sale counts: Redfin rolling three-month windows, Jan–Jun 2026; neighborhoods with fewer than 5 sales are left out.

Get matched with an agent in Miami

Tell us who you are and Chris Harris will connect you with a licensed local agent who knows the neighborhoods above. Free, no obligation.

Destination: Miami, FL · Moving from New York

Want ranked neighborhoods first? Take the 2-minute neighborhood quiz.

Income and property taxes: New York vs Florida

New York, NYMiami, FL
State income tax4%–10.9% (graduated; NYC residents add up to 3.876% city tax)0% (no state income tax)
Effective property tax0.85%0.88%
Property tax on the median home, per year$6,751$8,082

On each city’s median home, property tax works out to about $6,751 a year in New York and $8,082 in Miami. Miami’s rate is higher, so the tax bill shrinks less than the price does.

Income tax: Tax Foundation 2024 state rates. Property tax: Census American Community Survey 2023 5-year estimates, median taxes paid divided by median home value, city level.

Miami neighborhoods to start with

Matched to New York: the lifestyle tags most common among New York neighborhoods in our data are walkable, urban, suburban. The Miami neighborhoods that share them most are Miami Central Business District ($414,856), Central North Miami ($499,826), Downtown Miami ($579,898).

NeighborhoodMedianSales (3 mo.)School ratingCharacter
Dadeland$361,23254–up-and-coming, mixed
Norland$459,90053–up-and-coming, mixed
Carol City$513,000107–up-and-coming, mixed
Park West$644,77639–family, suburban
Golden Pines$712,75248–walkable, mixed
Upper Eastside$964,91466–upscale, gated
Bayshore$1,649,32634–ultra-luxury, executive
Southwest Coconut Grove$2,214,23057–ultra-luxury, executive

Miami’s citywide crime grade is C (FBI UCR 2025); the FBI does not publish it by neighborhood. School ratings appear only where one is on file. See every Miami neighborhood on the Miami neighborhoods page.

Frequently asked questions

What is the income tax savings from moving from New York to Miami?
New York state tops out at 10.9%. NYC residents also pay city income tax of up to 3.876%, for a combined top rate above 14%. Florida has no income tax. On a $200,000 income, moving from NYC saves roughly $22,000–$28,000 per year in state and city income taxes alone.
Is Miami more expensive than New York?
For housing, Miami is generally less expensive than Manhattan but comparable to or more expensive than many New York suburbs. Miami neighborhood medians range from roughly $400k in outer areas to $1M+ in Brickell and South Beach. Florida property taxes and home insurance have risen significantly and partially offset the income tax savings.
What are the best neighborhoods in Miami for New Yorkers?
New Yorkers who want walkable urban density tend to land in Brickell, Wynwood, or South Beach. Those seeking more residential neighborhoods with better school access look toward Coral Gables, Coconut Grove, or Pinecrest. Budget-conscious movers often find more value in North Miami or Hialeah.
What are the downsides of moving from New York to Miami?
Home insurance in South Florida has become very expensive due to hurricane risk and a challenged insurance market — premiums of $6,000–$15,000+ annually are common in coastal areas. Summer heat and humidity are intense from May through October. Traffic is significant. Miami's public transit is limited compared to New York City.
How many people move from New York to Miami?
IRS migration data show about 27,268 people (17,217 households) moved from the New York-Newark-Jersey City, NY-NJ metro to the Miami-Fort Lauderdale-West Palm Beach, FL metro between the 2022 and 2023 tax filing years, and about 12,572 moved the other way.
What does a New York-priced home buy in Miami?
The New York median is $794,224. In Miami, 14 of 25 neighborhoods with at least 5 recent sales have a median at or below that, and the city median is $918,457.
How do property taxes compare between New York and Miami?
Census ACS 2023 effective rates are 0.85% in New York and 0.88% in Miami, about $6,751 versus $8,082 a year on each city's median home.

Get matched with an agent in Miami

Tell us who you are and Chris Harris will connect you with a licensed local agent who knows the neighborhoods above. Free, no obligation.

Destination: Miami, FL · Moving from New York

Want ranked neighborhoods first? Take the 2-minute neighborhood quiz.

Sources. Migration: IRS SOI U.S. Population Migration Data 2022–2023. Home prices: Zillow Home Value Index 2025 (New York), Redfin, Jan–Jun 2026 (Miami). Neighborhoods: Redfin Jan–Jun 2026. Property tax: Census ACS 2023. Income tax: Tax Foundation 2024. Crime: FBI UCR 2025. Verified October 11, 2026. More corridors in the relocation guides.