A comprehensive side-by-side comparison of taxes, cost of living, housing, income, and insurance costs between Alaska and Florida.
State 1
AK
State 2
FL
No Income Tax States
Both Alaska and Florida have no state income tax. Residents keep more of their earnings, though other taxes and costs may differ.
| Category | Alaska | Florida |
|---|---|---|
| Income Tax Rate | No Income Tax | No Income Tax |
| Property Tax Rate | 1.04% | 0.86%Better |
| Property Tax (on Median Home) | $3,536/yr | $3,268/yrBetter |
| Sales Tax Rate | No Sales TaxBetter | 6.00% |
| Cost of Living Index | 127 | 102Better |
| Median Home Price | $340,000Better | $380,000 |
| Median Household Income | $77,800Better | $67,900 |
| Avg. Auto Insurance | $1,480/yrBetter | $2,800/yr |
| Avg. Home Insurance | $1,200/yrBetter | $3,600/yr |
Index relative to national average (100)
Alaska
$340,000
Property Tax: $3,536/yr
Florida
$380,000
Property Tax: $3,268/yr
Alaska homes are 10.5% cheaper than Florida homes.
Alaska
$77,800
Florida
$67,900
Alaska households earn $9,900 more per year on average.
| Type | Alaska | Florida | Difference |
|---|---|---|---|
| Auto Insurance | $1,480/yr | $2,800/yr | $1,320/yr |
| Home Insurance | $1,200/yr | $3,600/yr | $2,400/yr |
| Total Insurance | $2,680/yr | $6,400/yr | $3,720/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.
Alaska
-27.1
More Affordable
Florida
32.3
Alaska offers lower sales tax, more affordable housing, higher median income compared to Florida. Meanwhile, Florida offers lower property tax, lower cost of living. Overall, Alaska edges ahead in our weighted financial comparison.
Alaska Advantages
Florida Advantages