A comprehensive side-by-side comparison of taxes, cost of living, housing, income, and insurance costs between Alabama and Florida.
State 1
AL
State 2
FL
No Income Tax State
Florida has no state income tax, which can mean significant savings for residents compared to Alabama (5.00% top rate).
| Category | Alabama | Florida |
|---|---|---|
| Income Tax Rate | 5.00% | No Income TaxBetter |
| Property Tax Rate | 0.37%Better | 0.86% |
| Property Tax (on Median Home) | $777/yrBetter | $3,268/yr |
| Sales Tax Rate | 4.00%Better | 6.00% |
| Cost of Living Index | 89Better | 102 |
| Median Home Price | $210,000Better | $380,000 |
| Median Household Income | $56,500 | $67,900Better |
| Avg. Auto Insurance | $1,560/yrBetter | $2,800/yr |
| Avg. Home Insurance | $1,850/yrBetter | $3,600/yr |
Index relative to national average (100)
Alabama
$210,000
Property Tax: $777/yr
Florida
$380,000
Property Tax: $3,268/yr
Alabama homes are 44.7% cheaper than Florida homes.
Alabama
$56,500
Florida
$67,900
Florida households earn $11,400 more per year on average.
| Type | Alabama | Florida | Difference |
|---|---|---|---|
| Auto Insurance | $1,560/yr | $2,800/yr | $1,240/yr |
| Home Insurance | $1,850/yr | $3,600/yr | $1,750/yr |
| Total Insurance | $3,410/yr | $6,400/yr | $2,990/yr |
Weighted score combining income tax, property tax, sales tax, cost of living, housing, insurance, and income. A lower score indicates better overall financial affordability.
Alabama
39.3
Florida
32.3
More Affordable
Alabama offers lower property tax, lower sales tax, lower cost of living, more affordable housing compared to Florida. Meanwhile, Florida offers lower income tax, higher median income. Overall, Florida edges ahead in our weighted financial comparison.
Alabama Advantages
Florida Advantages