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Podcast: BiggerPockets Daily
Episode: You Could Save Thousands by Moving to Miami, But It Isn’t All Rosy—Here’s What You Should Know by Lindsay Frankel
Description: For high-earners raking in between $150,000 and $650,000 annually, a move from New York City to Miami provides the opportunity to save thousands through a reduced effective tax rate and a decrease in the cost of living, according to a SmartAsset study. San Francisco residents can realize similar savings by relocating to Miami. It’s not that Miami is cheap—the cost of living is 22.8% higher than the national average, and the median sale price for homes in Miami is about 34% higher than the national median, according to data from Redfin. But it’s still cheaper to buy a home, rent a...