Median rent is 24% lower in New York ($1,779/mo vs $2,334/mo). Buying is cheaper in Boca Raton, where the median home runs $660,100 versus $751,700. Households earn more in Boca Raton ($102,722 vs $79,713 a year).
City A
Boca Raton, FL
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Boca Raton, FL?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Boca Raton
Florida
New York
New York
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in New York — median rent of $1,779/mo versus $2,334/mo in Boca Raton, a 24% difference. Median home values are within 12% of each other: $660,100 in Boca Raton and $751,700 in New York.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Florida has no state income tax, while New York tops out at 10.90% — giving Boca Raton a clear advantage for high earners. Sales tax is 6.00% in Florida and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Boca Raton
Income tax: None
Sales tax: 6.00%
New York
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Boca Raton.
Pick Boca Raton if you prioritize higher median household income ($102,722/yr).
Pick New York if you prioritize cheaper rent ($1,779/mo median).
Pick Boca Raton if you prioritize no state income tax.
Is Boca Raton cheaper than New York?
Cost of living index data is not yet available for one or both cities.
How much is rent in Boca Raton vs New York?
Median rent is $2,334/mo in Boca Raton, FL and $1,779/mo in New York, NY. New York, NY has the lower rent by about 24%.
Which has higher salaries — Boca Raton or New York?
Median household income is $102,722 in Boca Raton, FL and $79,713 in New York, NY. Boca Raton, FL has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Boca Raton or New York?
Florida has no state income tax. New York has a top rate of 10.90%.
What salary do I need in New York to match my Boca Raton income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology