Does Illinois or Louisiana have lower taxes? We answer that in a variety of ways below:
Illinois vs Louisiana Income Tax Comparison
Illinois | Louisiana | |
Income Tax Rates & Thresholds | 4.95% |
|
Median Income | $78,020 | $58,330 |
Income Tax Paid On Median Household Income | $13,677 | $7,307 |
Income After Tax Based on Median Household Income | $64,343 | $51,023 |
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Illinois vs Louisiana Property Tax Comparison
Illinois | Louisiana | |
Average Property Tax Rate | 1.78% | 0.53% |
Average House Price By State | $254,128 | $200,947 |
Average Property Tax Owed Per Year | $4,523 | $1,065 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $59,820 | $49,958 |
Illinois vs Louisiana Sales Tax Comparison
Illinois | Louisiana | |
Average State Sales Tax | 6.25% | 4.45% |
Average Local Sales Tax Across the State | 2.56% | 5.10% |
Average Combined Sales Tax Rate | 8.81% | 9.55% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,843 | $4,355 |
Maximum Disposable Income Based on Median Household Income | $54,976 | $45,603 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Illinois | Louisiana | |
Income Tax Owed | $4,903 | $4,077 |
After Tax Income | $35,097 | $35,923 |
Income After Income & Property Tax | $30,574 | $34,858 |
Maximum Disposable Income After Income, Property & Sales Taxes | $28,098 | $31,819 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Illinois | Louisiana | |
Income Tax Owed | $8,820 | $7,745 |
After Tax Income | $51,180 | $52,255 |
Income After Income & Property Tax | $46,657 | $51,190 |
Maximum Disposable Income After Income, Property & Sales Taxes | $42,879 | $46,728 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Illinois | Louisiana | |
Income Tax Owed | $14,210 | $12,995 |
After Tax Income | $65,790 | $67,005 |
Income After Income & Property Tax | $61,267 | $65,940 |
Maximum Disposable Income After Income, Property & Sales Taxes | $56,306 | $60,192 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Illinois | Louisiana | |
Income Tax Owed | $19,600 | $18,245 |
After Tax Income | $80,400 | $81,755 |
Income After Income & Property Tax | $75,877 | $80,690 |
Maximum Disposable Income After Income, Property & Sales Taxes | $69,733 | $73,656 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Illinois | Louisiana | |
Income Tax Owed | $13,196 | $11,253 |
After Tax Income | $86,804 | $88,747 |
Income After Income & Property Tax | $82,281 | $87,682 |
Maximum Disposable Income After Income, Property & Sales Taxes | $75,619 | $80,038 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Illinois | Louisiana | |
Income Tax Owed | $25,726 | $23,366 |
After Tax Income | $124,274 | $126,634 |
Income After Income & Property Tax | $119,751 | $125,569 |
Maximum Disposable Income After Income, Property & Sales Taxes | $110,055 | $114,623 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Illinois | Louisiana | |
Income Tax Owed | $39,201 | $36,491 |
After Tax Income | $160,799 | $163,509 |
Income After Income & Property Tax | $156,276 | $162,444 |
Maximum Disposable Income After Income, Property & Sales Taxes | $143,622 | $148,283 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Illinois | Louisiana | |
Income Tax Owed | $53,595 | $50,535 |
After Tax Income | $196,405 | $199,465 |
Income After Income & Property Tax | $191,882 | $198,400 |
Maximum Disposable Income After Income, Property & Sales Taxes | $176,345 | $181,105 |
FAQ
Does Illinois or Louisiana have lower income taxes?
Illinois’s income tax falls into the following range: 4.95%
Whereas Louisiana’s income tax is the following
- 1.85%: $0-$12,500
- 3.50%: $12,501-$50,000
- 4.25%: $50,001+
Does Illinois or Louisiana have lower property taxes?
Illinois has an average property tax rate of 1.78%
In comparison, Louisiana has an average property tax rate of 0.53%
Does Illinois or Louisiana have lower sales taxes?
Illinois has a state sales tax rate of 6.25% and an average local rate of 2.56% for a combined total rate of 8.81%.
In contrast, Louisiana has a state sales tax rate of 4.45% and an average local rate of 5.10% for a combined total rate of 9.55%.
Do you get to keep more money in Illinois or Louisiana?
Based on median household income after income, property and sales taxes Illinois gives you a maximum amount of disposable income of $54,976
In comparison, Louisiana gives you $45,603.
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