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Wisconsin has a state income tax of 3.5–7.65%. Social Security is not taxed in WI. The move to Florida eliminates $2,000–$5,000/year in state income tax on pension and investment income. Wisconsin home equity ($250K–$350K) targets the mid-tier to budget tier in PBC. Milwaukee metro homes ($280K+) convert into the attached villa and smaller SF range.
Equity Conversion
| WI Home Sale | Net After Costs | PBC Option |
|---|---|---|
| $300K | ~$277K | Legacy condo ($130K) + $147K reserves, or mid-tier villa ($260K) minimal reserves |
| $500K | ~$462K | GL Homes Valencia ($450K) or Bellaggio/Cascades |
| $700K+ | ~$645K+ | Cresswind, Regency at Avenir, or Valencia Sound/Del Mar |
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What to Know
Florida has no state income tax, which benefits Wisconsin retirees with taxable pension and investment income. Florida homeowners insurance is significantly more expensive than Wisconsin. Property tax comparison depends on your specific home values and municipalities in both states. Run the full budget before assuming Florida is cheaper across the board.