Moving to Florida could save you on taxes — but cost more overall

Jan 4 2023 by Business Insider

 
Lakefront homes in Bradenton, Florida, which is located 30 minutes north of Sarasota.

John Coletti/Getty Images

Florida's population grew at the fastest rate of any state in 2022. Many Americans have seen the lack of a state income tax as a way to get ahead financially. Higher insurance, healthcare, and housing costs mean not everyone will save money.

Americans are moving to Florida for better weather and lower taxes.

While they can likely count on warm temperatures in the years ahead, not...

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