New Yorkers who make six figures won't save as much moving to Texas and Florida anymore

• New Yorkers have historically moved to Florida and Texas to save money on taxes and other expenses.
• But the cost of living in parts of Florida and Texas has jumped significantly since 2019.
• High earners are especially impacted. Movers will still save money, just not as much as before.

In December, Rahul Sen Sharma told Business Insider that he was moving from New York to Miami — and bringing his company with him.

Sen Sharma, the president of financial markets index provider and data firm Indxx, listed his reasons.