New Jersey vs. Florida
On a $75,000 salary, you keep about $3,294 more a year in Florida. Prices are 5% higher in New Jersey, so after adjusting for cost of living Florida comes out ahead.
Last verified November 2, 2026.
| New Jersey | Florida | |
|---|---|---|
| State income tax | Has a graduated income tax with 7 brackets, from 1.4% up to 10.75% on taxable income over $1,000,000 for single filers. | Does not tax wages, so there is no state income tax withheld from paychecks. |
| Minimum wage | $15.92 | $15.00 |
| Price level (U.S. = 100) | 108.8 | 103.4 |
| Employer cost on a $50,000 hire | $6,451 | $4,556 |
| SUTA wage base | $44,800 | $7,000 |
Take-home pay at the same salary
| Salary | New Jersey take-home | Florida take-home | Difference |
|---|---|---|---|
| $50,000 | $40,549 | $42,355 | $1,806 more in Florida |
| $75,000 | $58,299 | $61,593 | $3,294 more in Florida |
| $100,000 | $74,197 | $79,180 | $4,983 more in Florida |
| $150,000 | $105,413 | $113,791 | $8,378 more in Florida |
Single filer, standard deduction, tax year 2026. Excludes local income taxes.
Adjusted for cost of living
Using BEA regional price parities, $58,299 in New Jersey buys what $53,581 buys in an average-priced state, and $61,593 in Florida buys what $59,559 does. To keep the same buying power moving from New Jersey to Florida, a $75,000 salary would need to be about $71,284 before the tax difference.
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Frequently asked questions
- Is New Jersey or Florida better for take-home pay?
- On $75,000, you keep about $3,294 more a year in Florida. Adjusted for prices, Florida comes out ahead by $5,978.
- Which state is cheaper for employers, New Jersey or Florida?
- Employer taxes and insurance on a $50,000 hire are about $6,451 in New Jersey and $4,556 in Florida.