Leaving New York in 2026?
A NYC→Miami move saves $25,000+/year in combined taxes and living costs. State + city tax plus astronomical rent—the math is brutal. See your numbers.
~12%
State + City Tax
$3,200
Avg 2BR Rent (NYC)
300K+
Net Outflow (2023)
$25K+
Potential Savings/Year
Why 300,000+ New Yorkers Left in 2023
New York has led the nation in domestic outmigration for years. The U.S. Census data tells the story:
~12% Combined Tax Rate
NY state tax (up to 10.9%) PLUS NYC local tax (~3.9%) adds up to one of the highest burdens in America. A $150K earner loses $15,000+.
$3,200+ Average Rent
Median 2BR in Manhattan: $5,000+. Even Brooklyn averages $3,500+. Young professionals can't save anything.
Quality of Life Trade-offs
Long commutes, small apartments, brutal winters. Many ask: "Is the NYC premium worth it if I can work remotely?"
Remote Work Changed Everything
Keep your NYC salary, live in Tampa/Nashville/Austin. Same paycheck, 40-60% lower cost of living.
Where New Yorkers Are Actually Moving
Based on moving data and Census patterns, these are the top destinations for NYC expats:
Florida
Zero income tax, beaches, Miami finance hub. Direct flights from JFK.
Savings: $15K-$30K/year
View Florida GuideNashville, TN
Zero income tax, vibrant culture, growing tech scene. "The Brooklyn of the South."
Savings: $12K-$22K/year
Compare NYC→NashvilleCharlotte, NC
Bank of America, Wells Fargo HQs. Lower taxes (5.25%), affordable housing, mild climate.
Savings: $10K-$18K/year
Compare NYC→CharlotteAustin, TX
Zero income tax, booming tech scene. Tesla, Apple, Meta all expanding here.
Savings: $15K-$28K/year
View Texas GuideReal Savings: NYC to Miami Example
$150,000 salary, single filer, 2026 tax year
Tax Savings
Cost of Living Savings
Total Annual Savings: $23,500
Before You Go: Important Considerations
Leaving NYC involves trade-offs. Think through these:
New York's "Convenience of Employer" Rule
If your employer has a NY office you could have worked from, NY may still tax your remote income. This is actively litigated—ask HR explicitly.
Career Opportunities
NYC has unique industries (Wall Street, fashion, media). If networking/in-person matters for your career, factor that in. Tech roles are easier to relocate.
Cut Ties Cleanly
Change driver's license, voter registration, bank addresses. Spend 183+ days in your new state yearly. NY audits aggressively.
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