Which state has the lowest taxes in 2024? Well that all depends on if you care about income taxes only or also property and sales taxes too.
Below we’ve tried to answer the question of which state leaves you best off financially based on median household income and median taxes.
To start let’s look at income taxes. The 5 highest taxed states with the highest income tax burden (federal + state) based on median state household incomes are:
- Maryland: $21,525
- Washington DC: $21,086
- Hawaii: $19,276
- Oregon: $18,965
- Utah: $18,547
*Note the amounts above assume filling as a single person, married couples could pay less.
The following 9 states have no state income tax:
- Alaska
- Florida
- Nevada
- New Hampshire (5% on interest and dividends only)
- South Dakota
- Tennessee
- Texas
- Washington (7.0% on capital gains income only)
- Wyoming
But the following 5 states leave with you with greatest income after federal and state income taxes are paid.
- Maryland: $86,675
- Washington DC: $80,614
- Utah: $77,253
- Alaska: $77,229
- Washington: $76,988
It’s interesting to note that the 3 of the 5 states with the highest income tax burdens also leave households with the greatest amount of after tax income, while the other 2 are states that do not levy an income tax.
To explore the data using the following table below:
| State | State Personal Income Tax Rate Range | Median Household Income By State | Income Tax Owed Based on State Median Household Income | After Tax Income Based on State Median Household Income |
|---|---|---|---|---|
| Alabama | 2%: $0-$500 4%: $501-$3000 5%: $3,001+ | $59,910 | $8,703 | $51,207 |
| Alaska | None | $89,740 | $12,511 | $77,229 |
| Arizona | 2.55%: $0-$28,653 2.98%: $28,654+ | $73,450 | $10,779 | $62,671 |
| Arkansas | 2%: $0-$4,300 4%: $4,300-$8,500 4.90%: $8,501+ | $53,980 | $7,352 | $46,628 |
| California | 1%: $0-$10,099 2%: $10,100-$23,942 4%: $23,943-$37,788 6%: $37,789-$52,455 8%: $52,456-$66,295 9.30%: $66,296-$338,639 10.30%: $338,640-$406,364 11.30%: $406,365-$677,275 12.30%: $677,276-$1,000,000 13.30%: $1,000,001+ | $85,300 | $16,010 | $69,290 |
| Colorado | 4.40% | $89,930 | $16,055 | $73,875 |
| Connecticut | 3%: $0-$10,000 5%: $10,000-$50,000 5.50%: $50,001-$100,000 6%: $100,001-$200,000 6.50%: $200,001-$250,000 6.90%: $250,001-$500,000 6.99%: $500,001+ | $90,730 | $16,444 | $74,286 |
| Delaware | 2.20%: $2,000-$,5000 3.90%: $5,001-$10,000 4.80%: $10,001-$20,000 5.20%: $20,001-$25,000 5.55%: $25,001-$60,000 6.60%: $60,001+ | $80,750 | $14,624 | $66,126 |
| Florida | None | $65,370 | $7,149 | $58,221 |
| Georgia | 1%: $0-$750 2%: $751-$2,250 3%: $2,251-$3,750 4%: $3,751-$5,250 5%: $5,251-$7,000 5.75%: $7,000+ | $67,730 | $10,971 | $56,759 |
| Hawaii | 1.40%: $0-$2,400 3.20%: $2,401-$4,800 5.50%: $4,801-$9,600 6.40%: $9,601-$14,400 6.80%: $14401-$19,200 7.20%: $19201-$24,000 7.60%: $24,001-$36,000 7.90%: $36,001-$48,000 8.25%: $48,001-$150,000 9%: $15,0001-$175,000 10%: $175,001-$200,000 11%: $200,001+ | $91,010 | $19,276 | $71,734 |
| Idaho | 1%: $0-$1,662 3%: $1,663-$4,987 4.50%: $4,988-$8,311 6%: $8,312+ | $72,580 | $13,701 | $58,879 |
| Illinois | 4.95% | $78,020 | $13,677 | $64,343 |
| Indiana | 3.23% | $70,030 | $10,404 | $59,626 |
| Iowa | 0.33%: $0-$1,743 0.67%: $1,744-$3,486 2.25%: $3,487-$6972 4.14%: $6,973-$15,687 5.63%: $15,688-$26,145 5.96%: $26,146-$34,860 6.25%: $34,861-$52,290 7.44%: $52,291-$78,435 8.53%: $78,436+ | $76,320 | $13,833 | $62,487 |
| Kansas | 3.10%: $0-$15,000 5.25%: $15,001-$30,000 5.70%: $30,001+ | $73,040 | $12,215 | $60,825 |
| Kentucky | 5.00% | $55,880 | $7,680 | $48,200 |
| Louisiana | 1.85%: $0-$12,500 3.50%: $12,501-$50,000 4.25%: $50,001+ | $58,330 | $7,307 | $51,023 |
| Maine | 5.80%: $0-$23,000 6.75%: $23,001-$54,450 7.15%: $54,451+ | $75,160 | $12,997 | $62,163 |
| Maryland | 2%: $0-$1,000 3%: $1,001-$2,000 4%: $2,001-$3,000 4.75%: $3,001-$100,000 5%: $100,001-$125,000 5.25%: $125,001-$150,000 5.50%: $150,001-$250,000 5.75%: $250,001+ | $108,200 | $21,525 | $86,675 |
| Massachusetts | 5.00% | $93,550 | $17,806 | $75,744 |
| Michigan | 4.25% | $68,990 | $10,665 | $58,325 |
| Minnesota | 5.35%: $0-$28,080 6.80%: $28,081-$92,230 7.85%: $92,231-$171,220 9.85%: $171,221+ | $90,390 | $17,516 | $72,874 |
| Mississippi | 4%: $5,000-$10,000 5%: $10,001+ | $48,610 | $5,789 | $42,821 |
| Missouri | 1.50%: $111-$1,121 2%: $1,122-$2,242 2.50%: $2,243-$3,363 3%: $3,364-$4,484 3.50%: $4,485-$5,605 4%: $5,606-$6,726 4.50%: $6,727-$7,847 5%: $7,848-$8,968 5.30%: $8,969+ | $71,520 | $11,476 | $60,044 |
| Montana | 1%: $0-$3,300 2%: $3,301-$5,800 3%: $5,801-$8,900 4%: $8,901-$12,000 5%: $12,001-$15,400 6%: $15,401-$19,800 6.75%: $19,801+ | $72,980 | $12,678 | $60,302 |
| Nebraska | 2.46%: $0-$3,440 3.51%: $3,440-$20,590 5.01%: $20,590-$33,180 6.84%: $33,181+ | $78,360 | $13,912 | $64,448 |
| Nevada | None | $72,330 | $8,680 | $63,650 |
| New Hampshire | 5% on interest and dividends only | $84,970 | $11,461 | $73,509 |
| New Jersey | 1.40%: $0-$20,000 1.75%: $20,001-$35,000 3.50%: $35,001-$40,000 5.53%: $40,001-$75,000 6.37%: $75,001-$500,000 8.97%: $500,001-$1,000,000 10.75%: $1,000,001+ | $92,340 | $16,776 | $75,564 |
| New Mexico | 1.70%: $0-$5,500 3.20%: $5,501-$11,000 4.70%: $11,001-$16,000 4.90%: $16,001-$210,000 5.90%: $210,001+ | $56,420 | $7,031 | $49,389 |
| New York | 4%: $0-$8,500 4.50%: $8,501-$11,700 5.25%: $11,701-$13,900 5.85%: $13,901-$80,650 6.25%: $80,651-$215,400 6.85%: $215,401-$1,077,550 9.65%: $1,077,551-$5,000,000 10.30%: $5,000,001-$25,000,000 10.90%: $25,000,001 | $75,910 | $13,227 | $62,683 |
| North Carolina | 4.99% | $65,070 | $9,694 | $55,376 |
| North Dakota | 1.10%: $0-$41,775 2.04%: $41,776-$101,050 2.27%: $101,051-$210,825 2.64%: $210,821-$458,350 2.90%: $458,351+ | $78,720 | $11,047 | $67,673 |
| Ohio | 2.77%: $26,050-$46,100 3.23%: $46,101-$92,150 3.69%: $92,151-$115,300 3.99%: $115,301+ | $67,520 | $8,830 | $58,690 |
| Oklahoma | 0.25%: $0-$1,000 0.75%: $1,001-$2,500 1.75%: $2,501-$3,750 2.75%: $3,751-$4,900 3.75%: $4,901-$7,200 4.75%: $7,201+ | $63,440 | $9,200 | $54,240 |
| Oregon | 4.75%: $0-$3,750 6.75%: $3,751-$9,450 8.75%: $9,451-$125,000 9.90%: $125,001+ | $86,780 | $18,965 | $67,815 |
| Pennsylvania | 3.07% | $72,210 | $10,871 | $61,339 |
| Rhode Island | 3.75%: $0-$68,200 4.75%: $68,201-$155,050 5.99%: $155,051+ | $80,650 | $13,023 | $67,627 |
| South Carolina | 0%: $0-$3,200 3%: $3,201-$16,040 6.50%: $16,041+ | $61,770 | $9,230 | $52,540 |
| South Dakota | None | $67,180 | $7,547 | $59,633 |
| Tennessee | None | $65,380 | $7,151 | $58,229 |
| Texas | None | $74,640 | $9,189 | $65,451 |
| Utah | 4.85% | $95,800 | $18,547 | $77,253 |
| Vermont | 3.35%: $0-$42,150 6.60%: $42,151-$102,200 7.60%: $102,201-$213,150 8.75%: $213,151+ | $72,190 | $11,377 | $60,813 |
| Virginia | 2%: $0-$3,000 3%: $3,001-$5,000 5%: $5,001-$17,000 5.75%: $17,001+ | $85,170 | $15,833 | $69,337 |
| Washington | 7.0% on capital gains income only | $89,430 | $12,442 | $76,988 |
| Washington DC | 4%: $0-$10,000 6%: $10,001-$40,000 6.50%: $40,001-$60,000 8.50%: $60,001-$250,000 9.25%: $250,001-$500,000 9.75%: $500,001-$1,000,000 10.75%: $,1000,001+ | $101,700 | $21,086 | $80,614 |
| West Virginia | 3%: $0-$10,000 4%: $10,001-$25,000 4.50%: $25,001-$40,000 6%: $40,001-$60,000 6.50%: $60,001+ | $52,460 | $6,738 | $45,722 |
| Wisconsin | 3.54%: $0-$12,760 4.65%: $12,761-$25,520 5.30%: $25,521-$280,950 7.65%: $280,951+ | $73,330 | $11,817 | $61,513 |
| Wyoming | None | $73,090 | $8,848 | $64,242 |
Comparions:
California vs Texas Taxes
California vs Florida Taxes
California vs New York Taxes
California vs Pennsylvania Taxes
California vs Illinois Taxes
Sources:
https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction
https://www.bankrate.com/real-estate/property-tax-by-state/#by-state
https://fred.stlouisfed.org/release/tables?eid=259515&rid=249
https://www.fool.com/the-ascent/research/average-house-price-state/
https://taxfoundation.org/data/all/state/2022-sales-taxes/
https://www.forbes.com/advisor/income-tax-calculator/
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