Earn big bucks? Here’s how much you might save by moving to Miami.
High-income workers across the U.S. have migrated to Miami to take advantage of the city's generous tax policies and moderate cost of living. But depending on what parts of the country you're from, moving to the Magic City may not make financial sense.That's the main finding of a new study from financial technology company SmartAsset. According to the study, workers in New York City with $650,000 in annual income could save nearly $200,000 a year by moving to Miami, where the cost of living is roughly 115% lower than in the Big Apple. Equally well-off San Franciscans would experience a 60% drop in cost of living in Miami and save slightly over $150,000 a year. By contrast, Chicagoans at that salary level would find the cost of living in Miami to be only 6% lower and would save just...
