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Cost of Retiring in Florida (FL) 2026

Florida has no state income tax, making it one of the most popular retirement destinations. No tax on Social Security, pensions, or 401(k) withdrawals.

None
Top Income Tax Rate
103.4
Cost of Living Index (Near average)
No
Taxes Social Security
$0
Est. State Tax on $60K Income

Tax on $60,000 Retirement Income

Gross annual income$60,000
Top state income tax rateNo income tax
Estimated effective rate0%
Estimated annual state tax$0
Monthly tax impact$0
After-tax income$60,000

5 Cheapest Alternative States

StateRateEst. Tax on $60K
AlaskaNo tax$0
NevadaNo tax$0
New HampshireNo tax$0
South DakotaNo tax$0
TennesseeNo tax$0

Moving from Florida to Alaska could save ~$0/year in state income tax alone.

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Source: IRS Rev. Proc. 2025-32, BEA Regional Price Parities (2024 vintage), SSA 2026 bend points. Tax estimates use a 60% effective factor on the top marginal rate as a simplified model. Consult a tax professional for your specific situation. Not financial advice.

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