Median rent is 16% lower in Temple Terrace ($1,489/mo vs $1,779/mo). Buying is cheaper in Temple Terrace, where the median home runs $306,200 versus $751,700. Households earn more in New York ($79,713 vs $65,756 a year).
City A
New York, NY
City B
Temple Terrace, FL
How much would you need to earn in Temple Terrace, FL to maintain your standard of living from New York, NY?
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
New York
New York
Temple Terrace
Florida
👥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
Median rent is modestly lower in Temple Terrace at $1,489/mo compared to $1,779/mo in New York (16% gap). Home buyers face a steeper market in New York: the median home is $751,700 versus $306,200 in Temple Terrace — 59% more expensive.
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 Temple Terrace a clear advantage for high earners. Sales tax is 4.00% in New York and 6.00% in Florida; New York has the lower rate (local add-ons may apply in both).
New York
Income tax: 10.90%
Sales tax: 4.00%
Temple Terrace
Income tax: None
Sales tax: 6.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Temple Terrace.
Pick New York if you prioritize higher median household income ($79,713/yr).
Pick Temple Terrace if you prioritize cheaper rent ($1,489/mo median).
Pick Temple Terrace if you prioritize no state income tax.
Is New York cheaper than Temple Terrace?
Cost of living index data is not yet available for one or both cities.
How much is rent in New York vs Temple Terrace?
Median rent is $1,779/mo in New York, NY and $1,489/mo in Temple Terrace, FL. Temple Terrace, FL has the lower rent by about 16%.
Which has higher salaries — New York or Temple Terrace?
Median household income is $79,713 in New York, NY and $65,756 in Temple Terrace, FL. New York, NY 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 — New York or Temple Terrace?
Florida has no state income tax. New York has a top rate of 10.90%.
What salary do I need in Temple Terrace to match my New York 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