Average Salary in Florida (FL)

Florida's $67,917 median household income sits below the national median, yet the state has been among the top three destinations for domestic in-migration every year since 2019. The pull is structural: no state income tax, no estate tax, a constitutionally capped homestead property-tax increase, and a sunbelt climate that extends the tourism economy year-round. The catch, for most residents, is that wage levels haven't kept pace with the cost of housing. Florida's cost-of-living index of 103 slightly exceeds the national average, and that figure masks how concentrated the increase has been in housing specifically since 2020. Miami, Tampa, Orlando, and Jacksonville metros have all seen median home prices rise 40 to 60 percent since 2019. The $13 state minimum wage is already above the federal floor and is scheduled to reach $15 by September 2026 under a constitutional amendment voters passed in 2020. Florida's economy leans heavily on tourism (Walt Disney World and the cruise-port complex), healthcare (AdventHealth is one of the largest non-profit systems in the US), agriculture (citrus and sugar), and an outsized retiree-services industry. Salary data, cost-of-living context, and tax information for Florida residents are broken down below.