Connecticut vs Iowa Taxes: Income, Property & Sales

Does Connecticut or Iowa have lower taxes? We answer that in a variety of ways below:

Connecticut vs Iowa Income Tax Comparison

	Connecticut	Iowa
Income Tax Rates & Thresholds	3.00%: $0-$10,000 5.00%: $10,000-$50,000 5.50%: $50,001-$100,000 6.00%: $100,001-$200,000 6.50%: $200,001-$250,000 6.90%: $250,001-$500,000 6.99%: $500,001+	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+
Median Income	$90,730	$76,320
Income Tax Paid On Median Household Income	$16,444	$13,833
Income After Tax Based on Median Household Income	$74,286	$62,487

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Connecticut vs Iowa Property Tax Comparison

	Connecticut	Iowa
Average Property Tax Rate	1.57%	1.25%
Average House Price By State	$401,285	$215,458
Average Property Tax Owed Per Year	$6,300	$2,693
Income After Income Taxes & Property Taxes Based On Median State Household Income	$67,986	$59,794

Connecticut vs Iowa Sales Tax Comparison

	Connecticut	Iowa
Average State Sales Tax	6.35%	6.00%
Average Local Sales Tax Across the State	0.00%	0.94%
Average Combined Sales Tax Rate	6.35%	6.94%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,059	$3,880
Maximum Disposable Income Based on Median Household Income	$63,926	$55,913

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

	Connecticut	Iowa
Income Tax Owed	$4,090	$4,786
After Tax Income	$35,910	$35,214
Income After Income & Property Tax	$29,610	$32,521
Maximum Disposable Income After Income, Property & Sales Taxes	$27,842	$30,410

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

	Connecticut	Iowa
Income Tax Owed	$8,018	$9,028
After Tax Income	$51,982	$50,972
Income After Income & Property Tax	$45,682	$48,279
Maximum Disposable Income After Income, Property & Sales Taxes	$42,954	$45,146

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

	Connecticut	Iowa
Income Tax Owed	$13,493	$14,916
After Tax Income	$66,507	$65,084
Income After Income & Property Tax	$60,207	$62,391
Maximum Disposable Income After Income, Property & Sales Taxes	$56,612	$58,342

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

	Connecticut	Iowa
Income Tax Owed	$18,993	$21,015
After Tax Income	$81,007	$78,985
Income After Income & Property Tax	$74,707	$76,292
Maximum Disposable Income After Income, Property & Sales Taxes	$70,246	$71,341

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

	Connecticut	Iowa
Income Tax Owed	$11,881	$14,448
After Tax Income	$88,119	$85,552
Income After Income & Property Tax	$81,819	$82,859
Maximum Disposable Income After Income, Property & Sales Taxes	$76,934	$77,482

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

	Connecticut	Iowa
Income Tax Owed	$24,566	$28,768
After Tax Income	$125,434	$121,232
Income After Income & Property Tax	$119,134	$118,539
Maximum Disposable Income After Income, Property & Sales Taxes	$112,021	$110,846

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

	Connecticut	Iowa
Income Tax Owed	$38,316	$44,033
After Tax Income	$161,684	$155,967
Income After Income & Property Tax	$155,384	$153,274
Maximum Disposable Income After Income, Property & Sales Taxes	$146,106	$143,327

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

	Connecticut	Iowa
Income Tax Owed	$53,115	$60,217
After Tax Income	$196,885	$189,783
Income After Income & Property Tax	$190,585	$187,090
Maximum Disposable Income After Income, Property & Sales Taxes	$179,205	$174,948

FAQ

Does Connecticut or Iowa have lower income taxes?

Connecticut’s income tax falls into the following range:

• 3.00%: $0-$10,000
• 5.00%: $10,000-$50,000
• 5.50%: $50,001-$100,000
• 6.00%: $100,001-$200,000
• 6.50%: $200,001-$250,000
• 6.90%: $250,001-$500,000
• 6.99%: $500,001+

Whereas Iowa’s income tax is the following

• 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+

Does Connecticut or Iowa have lower property taxes?

Connecticut has an average property tax rate of 1.57%

In comparison, Iowa has an average property tax rate of 1.25%

Does Connecticut or Iowa have lower sales taxes?

Connecticut has a state sales tax rate of 6.35% and an average local rate of 0.00% for a combined total rate of 6.35%.

In contrast, Iowa has a state sales tax rate of 6.00% and an average local rate of 0.94% for a combined total rate of 6.94%.

Do you get to keep more money in Connecticut or Iowa?

Based on median household income after income, property and sales taxes Connecticut gives you a maximum amount of disposable income of $63,926

In comparison, Iowa gives you $55,913.

More Comparisons:

Connecticut vs Nevada
Connecticut vs Arkansas
Connecticut vs Mississippi
Connecticut vs Kansas
Connecticut vs New Mexico

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/