State Comparison
Texas vs Florida
Side-by-side comparison of 16 financial metrics including taxes, housing costs, cost of living, wages, and insurance — powered by verified government data.
Overall Score
Cost of Living
Housing
Taxes
Income & Employment
Business
Insurance & Living
Key Takeaways
- 1
Texas leads in 8 of 16 financial metrics, making it the more favorable state overall.
- 2
Housing: Median home prices are $310,000 in Texas vs $400,000 in Florida — a $90,000 difference.
- 3
Taxes: Texas has no income tax while Florida has no income tax. Property tax rates are 1.8% vs 0.89%.
- 4
Cost of Living: Texas's index is 93.9 and Florida's is 102.8 (national average = 100).
Run the Numbers
Use our free calculators with real Texas and Florida data to model your specific scenario.
Frequently Asked Questions
Is Texas or Florida more affordable?
Texas has a lower cost of living index (93.9) compared to Florida (102.8), where 100 is the national average. However, affordability depends on your specific situation — compare housing, taxes, and income together for a complete picture.
Which state has lower taxes — Texas or Florida?
Overall, Florida has a lower combined tax burden. Texas has no income tax, 6.25% sales tax, and 1.8% property tax. Florida has no income tax, 6% sales tax, and 0.89% property tax.
What are housing costs in Texas vs Florida?
The median home price in Texas is $310,000 compared to $400,000 in Florida. For renters, a 2-bedroom apartment averages $1,275/month in Texas vs $1,567/month in Florida.
Which state is better for starting a business — Texas or Florida?
LLC filing costs are $300 in Texas vs $125 in Florida, with annual fees of $0 and $138 respectively. Texas's lack of income tax compared to Florida's tax-free status may also factor into your decision.
Should I move from Texas to Florida?
It depends on your priorities. Texas wins in 8 of 16 metrics we compared. Use our free calculators to model your specific financial scenario — including salary, property tax, and cost of living for each state.
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Related Comparisons
Comparing Texas and Florida
When deciding between living in Texas or Florida, the financial picture goes beyond just one metric. This comparison analyzes 16 key financial indicators sourced from the U.S. Census Bureau, Tax Foundation, HUD Fair Market Rent data, and Bureau of Labor Statistics to give you a comprehensive overview.
Texas (TX) has a median household income of $67,321 with a cost of living index of 93.9. Florida (FL) has a median household income of $67,917 with a cost of living index of 102.8.
These numbers are estimates. Individual circumstances vary based on location within each state, family size, profession, and lifestyle. Use our free Texas calculator or Florida calculator to model your specific financial scenario.
Data sources: Census Bureau ACS, Tax Foundation, HUD FMR, BLS. Last verified January 2026. Calculators provide estimates only — consult a qualified professional for financial advice.