Florida and the national debt

Federal money in and out of Florida

In fiscal year 2025 the IRS collected $357.96 billion in Florida — $15,257 per resident, about the same as the national average. That ranks 16th highest of the 50 states and DC.

Federal grants to Florida — Medicaid, highways, education and hundreds of smaller programs, mostly paid to the state and local governments — came to $49.68 billion in fiscal year 2025. That is $2,117 per resident, 40% below the national average — 50th highest of the 50 states and DC.

Total federal contract and payment obligations are not compared by state: USAspending records large Medicare payments where the claims contractor or insurer is based. In fiscal year 2025 that placed about $90 billion of health spending on North Dakota, home of a major Medicare contractor. Grants are recorded with the state and local bodies that receive them, so they are the comparable figure.

Taxes and grants are not subtracted here either: taxes are counted where they are filed, often at a company’s headquarters. For an adjusted state balance of payments, see the Rockefeller Institute of Government.

In total that is $61,890 per adult with a credit record, 2% below the US figure of $63,200 — 21st highest of the 50 states and DC. 14.9% of credit card balances were 90 or more days late, against 12.4% nationally.

Florida’s economy

Florida produced $1.83 trillion of goods and services in 2025, 6.0% of US GDP. Per resident that is $78,195, 34th highest of the 50 states and DC. Measured by economic weight rather than headcount, its share of the national debt would be $2.39 trillion.

Common questions