Illinois vs Mississippi Taxes: Income, Property & Sales

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

Illinois vs Mississippi Income Tax Comparison

	Illinois	Mississippi
Income Tax Rates & Thresholds	4.95%	4.00%: $5,000-$10,000 5.00%: $10,001+
Median Income	$78,020	$48,610
Income Tax Paid On Median Household Income	$13,677	$5,789
Income After Tax Based on Median Household Income	$64,343	$42,821

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Illinois vs Mississippi Property Tax Comparison

	Illinois	Mississippi
Average Property Tax Rate	1.78%	0.55%
Average House Price By State	$254,128	$171,998
Average Property Tax Owed Per Year	$4,523	$946
Income After Income Taxes & Property Taxes Based On Median State Household Income	$59,820	$41,875

Illinois vs Mississippi Sales Tax Comparison

	Illinois	Mississippi
Average State Sales Tax	6.25%	7.00%
Average Local Sales Tax Across the State	2.56%	0.07%
Average Combined Sales Tax Rate	8.81%	7.07%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,843	$2,765
Maximum Disposable Income Based on Median Household Income	$54,976	$39,110

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

	Illinois	Mississippi
Income Tax Owed	$4,903	$4,325
After Tax Income	$35,097	$35,675
Income After Income & Property Tax	$30,574	$34,729
Maximum Disposable Income After Income, Property & Sales Taxes	$28,098	$32,436

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

	Illinois	Mississippi
Income Tax Owed	$8,820	$8,253
After Tax Income	$51,180	$51,747
Income After Income & Property Tax	$46,657	$50,801
Maximum Disposable Income After Income, Property & Sales Taxes	$42,879	$47,447

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

	Illinois	Mississippi
Income Tax Owed	$14,210	$13,653
After Tax Income	$65,790	$66,347
Income After Income & Property Tax	$61,267	$65,401
Maximum Disposable Income After Income, Property & Sales Taxes	$56,306	$61,082

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

	Illinois	Mississippi
Income Tax Owed	$19,600	$19,053
After Tax Income	$80,400	$80,947
Income After Income & Property Tax	$75,877	$80,001
Maximum Disposable Income After Income, Property & Sales Taxes	$69,733	$74,718

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

	Illinois	Mississippi
Income Tax Owed	$13,196	$12,351
After Tax Income	$86,804	$87,649
Income After Income & Property Tax	$82,281	$86,703
Maximum Disposable Income After Income, Property & Sales Taxes	$75,619	$80,978

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

	Illinois	Mississippi
Income Tax Owed	$25,726	$24,906
After Tax Income	$124,274	$125,094
Income After Income & Property Tax	$119,751	$124,148
Maximum Disposable Income After Income, Property & Sales Taxes	$110,055	$115,950

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

	Illinois	Mississippi
Income Tax Owed	$39,201	$38,406
After Tax Income	$160,799	$161,594
Income After Income & Property Tax	$156,276	$160,648
Maximum Disposable Income After Income, Property & Sales Taxes	$143,622	$150,040

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

	Illinois	Mississippi
Income Tax Owed	$53,595	$52,825
After Tax Income	$196,405	$197,175
Income After Income & Property Tax	$191,882	$196,229
Maximum Disposable Income After Income, Property & Sales Taxes	$176,345	$183,272

FAQ

Does Illinois or Mississippi have lower income taxes?

Illinois’s income tax falls into the following range: 4.95%

Whereas Mississippi’s income tax is the following

• 4.00%: $5,000-$10,000
• 5.00%: $10,001+

Does Illinois or Mississippi have lower property taxes?

Illinois has an average property tax rate of 1.78%

In comparison, Mississippi has an average property tax rate of 0.55%

Does Illinois or Mississippi 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, Mississippi has a state sales tax rate of 7.00% and an average local rate of 0.07% for a combined total rate of 7.07%.

Do you get to keep more money in Illinois or Mississippi?

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, Mississippi gives you $39,110.

More Comparisons:

Illinois vs Kansas
Illinois vs New Mexico
Illinois vs Nebraska
Illinois vs Idaho
Illinois vs West Virginia

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/