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Florida vs Michigan: prices, pay and taxes
| Florida | Michigan | |
|---|---|---|
| BEA price parity (U.S. = 100) | 103.4 | 96.2 |
| Average salary, all jobs | $64,670 | $64,920 |
| Average salary adjusted for prices | $62,535 | $67,472 |
| Take-home on $100,000* | $79,180 | $75,176 |
| Median household income | $71,711 | $71,149 |
| State income tax on wages | No | Yes |
| Population | 21,928,881 | 10,051,595 |
*Single filer, federal and state income tax and FICA, 2026 rules, no city or county taxes.
Compare with another state or city
Cost of living in Florida cities
| City | Price parity | Average salary | Home value |
|---|---|---|---|
| Miami | 114.2 | $67,190 | $475,622 |
| Tampa | 100.9 | $66,490 | $360,738 |
| Orlando | 101.4 | $61,890 | $387,733 |
| Jacksonville | 99.5 | $65,700 | $352,994 |
| Sarasota | 102.4 | $62,500 | $403,601 |
| Fort Myers | 102.3 | $60,050 | $339,372 |
Cost of living in Michigan cities
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More state comparisons
Sources and how to read this page
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. State average: all occupations, employment-weighted over the state's metro and nonmetro areas.
- Taxes: single filer with the standard deduction; federal income tax with 2026 brackets (IRS Revenue Procedure 2025-32), Social Security 6.2% up to $184,500 and Medicare 1.45% (+0.9% above $200,000), and each state's 2026 rules as published by its revenue department.
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