Head to head

Miami vs New York.

Miami against New York, both in 🇺🇸 United States, on tax, residence, cost, and the life. Same model, same year, no brochure.

In short, current to September 2026

  • On $1,000,000 of income, Miami takes an effective 33% and New York takes 43%, so Miami leaves about $103K more in hand each year on Patrician's 2026 model.
  • On a capital gain realized after residence begins, Miami charges 24% and New York charges 36%. On a $5,000,000 event that is a difference of about $610K.
  • Neither United States nor United States operates a special regime for arriving foreigners, so both are modeled on ordinary resident rates.
  • Inheritance, what a child pays: 40% above $15M in Miami, 40% above $15M, plus New York in New York.
  • Route in: Miami by Residence by investment, Founder & talent. New York by Residence by investment, Founder & talent.
  • Cost of the life is 80 in Miami against 108 in New York on Patrician's index where Zurich is 100, and safety 6 against 6 of 10. Both are Patrician editorial indices scored by us, not published statistics.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 48 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to September 2026. Updated . Cite as: Patrician.ch, Miami (Florida) vs New York: tax, residence and cost 2026, patrician.ch/compare/mia-vs-nyc/, September 2026.

MiamiNew York
Effective tax at $300K25%34%
Effective tax at $1M33%43%
Effective tax at $3M36%48%
Kept at $1M$674K$571K
Capital gains24%36%
Inheritance tax, children40% above $15M40% above $15M, plus New York
Cost index (Zurich 100)80108
Safety6/106/10
Schools7/109/10
Sun hours3,1502,530
Supercar street index#6#31
Routes inResidence by investment, Founder & talentResidence by investment, Founder & talent
Net millionaire inflow 2025 (country, Henley)+7,500+7,500
Flight London9.77.8
Flight New York3.2Home

Simplified marginal model, indicative 2026 brackets, non-US single filer, no social contributions, deductions, wealth taxes, or treaties. Inheritance is shown as it falls on a child, current to September 2026.

By profile

How each profile reads.

For an executive on salary

Miami (Florida) keeps more of a $1M salary, $103K a year on this model. New York answers with schools.

For a founder with an exit

Capital gains: Miami 24%, New York 36%. Neither city taxes wealth as such.

For a family

New York leads on schools, Miami (Florida) on a lower cost and sun. Safety is level.

MiamiThe full pageNew YorkThe full pageRank both on my numbersThe engine, 90 seconds
Questions

Which keeps more of a $1M income, Miami or New York?

Miami, by about $103K a year on Patrician.ch's 2026 model.

Miami takes an effective 33% of $1,000,000 and New York takes 43%. At $3,000,000 the rates are 36% and 48%.

Which taxes capital gains less, Miami or New York?

Miami, at 24% against 36% in New York.

On a $5,000,000 liquidity event realized after residence begins, the difference is about $610K.

Which is better for inheritance, Miami or New York?

Both tax children. What a child pays: 40% above $15M in Miami, 40% above $15M, plus New York in New York.

The US taxes an estate at 40% above $15M per person in 2026. A US citizen spouse inherits free. Federal estate tax at 40% above $15M per person, plus New York estate tax up to 16%. A US citizen spouse inherits free.

Which is cheaper to live in, Miami or New York?

Miami, at 80 on the Patrician.ch cost index against 108 for New York, where Zurich is 100.

Safety scores 6 of 10 in Miami and 6 of 10 in New York, schools 7 and 9. These are Patrician.ch editorial indices, not published statistics.

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The general case, ranked: Where should high earners live in 2026 · Best country to live in if you are rich · Best countries for high earners after tax · Europe · United States

Tax figures use a simplified marginal model with indicative 2026 brackets for a non-US single filer, ignore social contributions, most deductions, wealth taxes, and treaties, and are not advice. Residence rules change often. Verify before acting.

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