Florida vs. New Jersey Taxes
New Jersey carries one of the highest combined state-and-property-tax burdens in the country. Florida is the dominant relocation alternative for North Jersey commuters and professionals — particularly post-remote-work.
- State income tax: $0
- Federal income tax: $37,006
- FICA: $14,172
- State income tax: $10,550
- Federal income tax: $37,006
- FICA: $14,172
| Salary | New Jersey state tax | Florida state tax | Annual savings |
|---|---|---|---|
| $100,000 | $4,180 | $0 | $4,180 |
| $150,000 | $7,365 | $0 | $7,365 |
| $200,000 | $10,550 | $0 | $10,550 |
| $300,000 | $16,920 | $0 | $16,920 |
| $500,000 | $29,660 | $0 | $29,660 |
NJ income-tax brackets reach 10.75% at the top end. At $200,000 single, the NJ state tax bill runs about $11,500.
NJ also has the highest median residential property tax in the United States (~$9,500 average annual). Florida property-tax effective rates are lower, and the homestead exemption + Save Our Homes cap further benefit owner-occupants.
For Florida relocators from NJ, the combined annual savings (state income tax + property tax delta) at typical homeownership scales is frequently $15,000–$25,000 per year.
Frequently asked questions
Is NJ income tax higher than NY?+
NJ's top rate (10.75%) is higher than NY's top state-only rate (10.9% at the very top), but NJ does not have a city resident surtax — so combined NY + NYC taxes for a Manhattan resident exceed NJ at most income levels.