Someone making $150,000 in NYC can save nearly $50,000 by moving to Miami, one study says
Those earning north of $150,000 per year could save anywhere from $2,000 to nearly $200,000 in a move from major metropolitan areas like New York City, Chicago, or San Francisco to Miami, a new study found.found that the biggest savings in terms of taxes often come from leaving a dense, expensive area like New York City to a city or state with more favorable tax rates.
In the most extreme cases, New Yorkers making $650,000 or more could save nearly $200,000 per year in tax and cost of living savings living in Miami instead. A report from real estate company Redfin earlier this year found that Miami led the list of metro areas that people from outside the area were looking at real estate listings for, and Florida had several cities in the top 10,
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