High-earning Californians could save over $51,000 annually by moving to Miami due to Florida's lack of state income tax compared to California’s high rates. This financial incentive, coupled with lower housing costs in Miami, is attracting wealthy individuals and entrepreneurs who seek both economic relief and lifestyle advantages. Developers and tech professionals should watch for continued migration trends as more high-net-worth individuals move from California to Miami.
Read the full article at Realtor.com Blog
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