No state income tax, a capital market on the doorstep, and a winter that does not exist. E-2 works for treaty nationals, EB-5 starts at $800K, and hurricane season runs June to November.
A person earning $1,000,000 and resident in Miami, United States, pays an effective 32% of income tax on the Patrician.ch 2026 model, keeping $680K. Of that, $320,000 is federal income tax, the same in every state, and Florida adds nothing, since it has no state income tax. At $300,000 the effective rate is 23%, and at $3,000,000 it is 35%.
Capital gains on a disposal by a resident individual are taxed at 24% in total in Miami, so a $5,000,000 liquidity event realized after residence begins carries roughly $1.2M, all of it federal, since Florida taxes no capital gains.
Inheritance: no Florida estate or inheritance tax. The US taxes an estate at 40% above $15M per person in 2026. A US citizen spouse inherits free.
A US citizen or green card holder needs no visa to move to Miami from another state. For a buyer from abroad, the realistic route in is Residence by investment, Founder & talent.
Cost of the life is 80 on the Patrician.ch index where Zurich is 100, safety 6 of 10, schools 7 of 10. These 3 are Patrician.ch editorial indices scored by us, not published statistics.
Figures are current to October 2026. Tax thresholds and residence routes move, so confirm with counsel before relying on any of them.
Official sources: Miami-Dade Property Appraiser, US Internal Revenue Service, US Code, 8 USC 1153. Checked against them on .
Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated . Cite as: Patrician.ch, Miami (Florida) tax and residence 2026 for a high earner, patrician.ch/cities/miami/, October 2026.
Prestige of address8/10Patrician.ch editorial index
A 200 m² prime home$3.4MUS$1M buys 58 m². Knight Frank, The Wealth Report 2026
Sun hours a year3,150Capital friendly
United States net millionaire flow, 2025 forecast+7,500Henley forecast, country level
Tax on your bracket.
Income
Tax
Effective
Kept after tax
$300K
$68K
23%
$232K
$1M
$320K
32%
$680K
$3M
$1.1M
35%
$1.9M
See these 2 places for your own income.Miami and Coral Gables, side by side on your income, passports and family. Free, in the ranking of all 100. Then the Dossier: a written report in 10 chapters on the 3 places that rank first for you. The Dossier is $500. The founding price, $250, holds until 31 October.
Note: single filer, federal and state together. Miami ranks 1 of 17 here, level with 7 others
Source: Patrician.ch 2026 tax model, built on official tax authority rates
Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Single filer resident in the US, federal and state together. Enter your own income, exit, passports, and family to see where Miami ranks for you.
Where inside Miami.
In Miami-Dade County each town and city levies its own millage on top of the county and school district, so the choice of quarter is a choice of property tax bill. On a home valued at $5,000,000, Coral Gables (City of Coral Gables) pays $9,013 a year less than Coconut Grove (City of Miami), 9.0% of the bill.
Quarter
Billed by
Rate 2026
Yearly tax on $5,000,000
Star Island
City of Miami Beach
18.6681 mills
$93,341
Coconut Grove
City of Miami
19.9544 mills
$99,772
Coral Gables
City of Coral Gables
18.1518 mills
$90,759
Millage is the total of every authority on the bill. First-year bill on a home the county values at $5M, before the homestead exemption. After that the assessment rises at most 10% a year, 3% on a homestead. Source: Miami-Dade Property Appraiser, 2026 adopted millage chart, total of all taxing authorities (municipal codes 0200, 0100, 0300). Federal and state income tax are the same at every address in Miami, so property tax is what the quarter changes.
Official source: Miami-Dade Property Appraiser. Checked against it on .
Buying property in Miami.
The published rules a buyer from abroad reads first, each from its official source.
Foreign buyers10 milesthe limit for 7 named countries
Deed tax$0.60per $100, a single-family home
Annual property tax1.82% to 2.00%of taxable value a year, 2026
Foreign buyers. Florida law bars a foreign principal of the 7 countries it names as of concern from owning property within 10 miles of a military installation or a critical infrastructure facility.
Deed tax. Documentary stamp tax on the deed in Miami-Dade County is $0.60 per $100 of the price on a single-family home, and $0.60 plus a $0.45 surtax per $100 on any other property. The rest of Florida pays $0.70 per $100.
Annual property tax. 1.82% to 2.00% of the taxable value a year. The 2026 millage of the 3 quarters in the table above runs from 18.1518 mills in the City of Coral Gables to 19.9544 mills in the City of Miami, every authority on the bill together.
Published rules only, as each source states them on the day it was checked. Patrician.ch lists no property and takes no part in any sale. Not tax, legal or financial advice.
The capital whose yearly withdrawal, at 4%, pays for a year here after Miami's tax on the gain part of each sale: 23.8% on a resident's listed securities, with half of each sale counted as gain.
E-2 treaty investor for treaty nationals, L-1, O-1, or EB-5 from $800K. No state income tax in Florida.
Residence by investmentFounder & talent
United States has a Henley 2026 Wealth Mobility score of 62.3 out of 100, a country level figure. The passport ladder on the engine compares 66 passports.
The life
An ordinary day in Miami.
🇺🇸 Florida, United StatesMiami
Key BiscayneCycle the causeway. The water is turquoise and the traffic is not.
BrickellBrickell for the meetings, a banker who returns calls, and lunch on the water.
Design DistrictLunch in a building that looks like a jewel box.
Coconut GroveDinner outside in February. Nobody in Zurich can say that.
Flight times.
From
Flight
Routing
New York
3h 15m
Nonstop to Miami
London
10h
Nonstop to Miami
Zurich
10h 40m
Nonstop to Miami
Dubai
15h 55m
Nonstop to Miami
Singapore
21h 40m
1 stop to Miami
Tel Aviv
13h 15m
Nonstop to Miami
Scheduled gate to gate times on the fastest routing, with 1h 30m allowed for each connection. Airline schedules read October 17, 2026.
Healthcare
Care within reach.
Nearest emergency department4 kmJackson Memorial Hospital
Best ranked within reachWorld #246Cleveland Clinic Weston Hospital, 40 km
Life expectancy, United States78.9years at birth, 2024
Doctors per 1,000 people3.7United States, 2022
Hospital beds per 1,0002.7United States, 2022
Health spending per person$13,473US dollars a year, 2023
Care coverage index88WHO, out of 100, 2023
Cleveland Clinic Weston (world #246, US #40) is 40 km northwest. Baptist Hospital of Miami is US #126. Emergency department at Jackson Memorial Hospital, 4 km from downtown Miami.
Hospital ranks from Newsweek and Statista, World's Best Hospitals 2026. Accreditation from the Joint Commission International directory. Distances in a straight line from Miami, from OpenStreetMap. Country figures from the World Bank and the WHO, the latest year each publishes. Checked 23.10.2026. Research, not medical advice.
How much income tax does a $1M earner pay in Miami?
About $320K a year, an effective 32%, which leaves $680K of $1,000,000 on Patrician.ch's 2026 model.
At $300K the effective rate is 23%, and at $3M it is 35%. Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled.
Does Miami tax capital gains?
Not at state level: Florida taxes no capital gains. Federal tax still applies, as in every state, about 24% on a capital gain, about $238K on a $1,000,000 gain.
The rate is modeled on a $1,000,000 gain on listed securities after the common exemptions. Holding periods and exemptions can lower it.
Does Miami have a wealth tax?
No. United States levies no general annual wealth tax on a resident's net worth.
Does Miami have an inheritance tax?
Not at state level: Florida has no estate or inheritance tax. The US taxes an estate at 40% above $15M per person in 2026. A US citizen spouse inherits free.
What a child pays: 40% above $15M. Source: IRS, One Big Beautiful Bill Act, current to October 2026. The heir's own residence and the location of the assets can bring another country's tax into play.
How does a foreigner get residence in Miami?
E-2 treaty investor for treaty nationals, L-1, O-1, or EB-5 from $800K.
No state income tax in Florida. Routes that matter for money: Residence by investment, Founder & talent.
What is the property tax on a $5M home in Miami?
Between $90,759 a year in Coral Gables and $99,772 in Coconut Grove, on a home valued at $5,000,000, at the 2026 rates.
Millage is the total of every authority on the bill. First-year bill on a home the county values at $5M, before the homestead exemption. After that the assessment rises at most 10% a year, 3% on a homestead.
Where inside Miami is property tax lowest?
In Coral Gables, billed by City of Coral Gables at 18.1518 mills for 2026, against 19.9544 mills in Coconut Grove: $9,013 a year less on a home valued at $5,000,000.
Source: Miami-Dade Property Appraiser, 2026 adopted millage chart, total of all taxing authorities (municipal codes 0200, 0100, 0300).
Can a foreigner buy a home in Miami?
Florida law bars a foreign principal of the 7 countries it names as of concern from owning property within 10 miles of a military installation or a critical infrastructure facility.
Source: Florida Statutes 2026, sections 692.201 and 692.203, checked 22 October 2026.
What is the cost of living in Miami?
Miami scores 80 on the Patrician.ch cost index, where Zurich is 100, and ranks 65 of 100 on cost, 1 being the most expensive.
Safety scores 6 of 10 and schools 7 of 10, with 3,150 sun hours a year. Cost, safety and schools are Patrician.ch editorial indices, not published statistics. United States as a whole was forecast a net inflow of 7,500 millionaires for 2025 (Henley, country level).
The Dossier on Miami, on your numbers.A written report on the 3 places that rank first for you, compared line by line on your income, a sale, your passports and your family. 10 chapters, written the moment you pay. Every tax figure carries its official source and the date it was last checked. The Dossier is $500. The founding price, $250, holds until 31 October. Refunded in full within 7 days of delivery, no reason needed.
The income tax of Miami, Coral Gables, Bal Harbour and Palm Beach, side by side on 2026 rates. Your readers type their own salary and the places reorder. Free on any site, with the credit line under it.
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Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Figures for Miami are for a single filer resident in the US, federal and state together. Comparisons with places abroad are for a non-US filer. Not advice. Verify before acting.
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