TAX SAVINGS: A Californian earning $500,000 could save more than $51,000 per year in state income taxes by moving from Los Angeles or San Francisco to Miami.

PRICE GAP: In February, Miami’s median listing price was $499,999 - less than half of Los Angeles’ median and more than $400,000 below San Francisco’s.

WEALTH EFFECT: Investing that $51,000-plus annual tax savings over 10 years at 7% could grow into more than $750,000 in added wealth.

MIGRATION TREND: From 2022 to 2023, Florida led the nation in adjusted gross income moving in, with $20.65 billion, while California was among the biggest losers.

MIAMI APPEAL: Beyond taxes, waterfront living, newer luxury condos, premium amenities, more space, and faster commutes are key Miami advantages for affluent buyers.

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