Colorado vs Rhode Island Taxes: Income, Property & Sales

Does Colorado or Rhode Island have lower taxes? We answer that in a variety of ways below:

Colorado vs Rhode Island Income Tax Comparison

	Colorado	Rhode Island
Income Tax Rates & Thresholds	4.40%	3.75%: $0-$68,200 4.75%: $68,201-$155,050 5.99%: $155,051+
Median Income	$89,930	$80,650
Income Tax Paid On Median Household Income	$16,055	$13,023
Income After Tax Based on Median Household Income	$73,875	$67,627

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Colorado vs Rhode Island Property Tax Comparison

	Colorado	Rhode Island
Average Property Tax Rate	0.40%	1.01%
Average House Price By State	$555,300	$442,945
Average Property Tax Owed Per Year	$2,221	$4,474
Income After Income Taxes & Property Taxes Based On Median State Household Income	$71,654	$63,153

Colorado vs Rhode Island Sales Tax Comparison

	Colorado	Rhode Island
Average State Sales Tax	2.90%	7.00%
Average Local Sales Tax Across the State	4.87%	0.00%
Average Combined Sales Tax Rate	7.77%	7.00%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$5,166	$4,132
Maximum Disposable Income Based on Median Household Income	$66,488	$59,022

After Tax Comparison Earning $40,000 Per Year Filing As Single

	Colorado	Rhode Island
Income Tax Owed	$4,271	$4,029
After Tax Income	$35,729	$35,971
Income After Income & Property Tax	$33,508	$31,497
Maximum Disposable Income After Income, Property & Sales Taxes	$31,092	$29,437

After Tax Comparison Earning $60,000 Per Year Filing As Single

	Colorado	Rhode Island
Income Tax Owed	$8,109	$7,706
After Tax Income	$51,891	$52,294
Income After Income & Property Tax	$49,670	$47,820
Maximum Disposable Income After Income, Property & Sales Taxes	$46,089	$44,692

After Tax Comparison Earning $80,000 Per Year Filing As Single

	Colorado	Rhode Island
Income Tax Owed	$13,419	$12,856
After Tax Income	$66,581	$67,144
Income After Income & Property Tax	$64,360	$62,670
Maximum Disposable Income After Income, Property & Sales Taxes	$59,720	$58,570

After Tax Comparison Earning $100,000 Per Year Filing As Single

	Colorado	Rhode Island
Income Tax Owed	$18,729	$18,187
After Tax Income	$81,271	$81,813
Income After Income & Property Tax	$79,050	$77,339
Maximum Disposable Income After Income, Property & Sales Taxes	$73,350	$72,280

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	Colorado	Rhode Island
Income Tax Owed	$11,852	$11,252
After Tax Income	$88,148	$88,748
Income After Income & Property Tax	$85,927	$84,274
Maximum Disposable Income After Income, Property & Sales Taxes	$79,732	$78,761

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	Colorado	Rhode Island
Income Tax Owed	$24,182	$23,682
After Tax Income	$125,818	$126,318
Income After Income & Property Tax	$123,597	$121,844
Maximum Disposable Income After Income, Property & Sales Taxes	$114,686	$113,873

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	Colorado	Rhode Island
Income Tax Owed	$37,457	$37,276
After Tax Income	$162,543	$162,724
Income After Income & Property Tax	$160,322	$158,250
Maximum Disposable Income After Income, Property & Sales Taxes	$148,763	$147,897

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	Colorado	Rhode Island
Income Tax Owed	$51,651	$52,190
After Tax Income	$198,349	$197,810
Income After Income & Property Tax	$196,128	$193,336
Maximum Disposable Income After Income, Property & Sales Taxes	$181,987	$180,688

FAQ

Does Colorado or Rhode Island have lower income taxes?

Colorado’s income tax falls into the following range: 4.40%

Whereas Rhode Island’s income tax is the following

• 3.75%: $0-$68,200
• 4.75%: $68,201-$155,050
• 5.99%: $155,051+

Does Colorado or Rhode Island have lower property taxes?

Colorado has an average property tax rate of 0.40%

In comparison, Rhode Island has an average property tax rate of 1.01%

Does Colorado or Rhode Island have lower sales taxes?

Colorado has a state sales tax rate of 2.90% and an average local rate of 4.87% for a combined total rate of 7.77%.

In contrast, Rhode Island has a state sales tax rate of 7.00% and an average local rate of 0.00% for a combined total rate of 7.00%.

Do you get to keep more money in Colorado or Rhode Island?

Based on median household income after income, property and sales taxes Colorado gives you a maximum amount of disposable income of $66,488

In comparison, Rhode Island gives you $59,022.

More Comparisons:

Colorado vs Delaware
Colorado vs South Dakota
Colorado vs North Dakota
Colorado vs Alaska
Colorado vs Washington DC

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/