Does Illinois or New Jersey have lower taxes? We answer that in a variety of ways below:
Illinois vs New Jersey Income Tax Comparison
Illinois | New Jersey | |
Income Tax Rates & Thresholds | 4.95% | |
Median Income | $78,020 | $92,340 |
Income Tax Paid On Median Household Income | $13,677 | $16,776 |
Income After Tax Based on Median Household Income | $64,343 | $75,564 |
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Illinois vs New Jersey Property Tax Comparison
Illinois | New Jersey | |
Average Property Tax Rate | 1.78% | 1.79% |
Average House Price By State | $254,128 | $500,717 |
Average Property Tax Owed Per Year | $4,523 | $8,963 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $59,820 | $66,601 |
Illinois vs New Jersey Sales Tax Comparison
Illinois | New Jersey | |
Average State Sales Tax | 6.25% | 6.63% |
Average Local Sales Tax Across the State | 2.56% | -0.03% |
Average Combined Sales Tax Rate | 8.81% | 6.60% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,843 | $4,124 |
Maximum Disposable Income Based on Median Household Income | $54,976 | $62,478 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Illinois | New Jersey | |
Income Tax Owed | $4,903 | $3,723 |
After Tax Income | $35,097 | $36,277 |
Income After Income & Property Tax | $30,574 | $27,314 |
Maximum Disposable Income After Income, Property & Sales Taxes | $28,098 | $25,623 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Illinois | New Jersey | |
Income Tax Owed | $8,820 | $7,736 |
After Tax Income | $51,180 | $52,264 |
Income After Income & Property Tax | $46,657 | $43,301 |
Maximum Disposable Income After Income, Property & Sales Taxes | $42,879 | $40,620 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Illinois | New Jersey | |
Income Tax Owed | $14,210 | $13,276 |
After Tax Income | $65,790 | $66,724 |
Income After Income & Property Tax | $61,267 | $57,761 |
Maximum Disposable Income After Income, Property & Sales Taxes | $56,306 | $54,185 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Illinois | New Jersey | |
Income Tax Owed | $19,600 | $18,950 |
After Tax Income | $80,400 | $81,050 |
Income After Income & Property Tax | $75,877 | $72,087 |
Maximum Disposable Income After Income, Property & Sales Taxes | $69,733 | $67,624 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Illinois | New Jersey | |
Income Tax Owed | $13,196 | $11,121 |
After Tax Income | $86,804 | $88,879 |
Income After Income & Property Tax | $82,281 | $79,916 |
Maximum Disposable Income After Income, Property & Sales Taxes | $75,619 | $74,968 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Illinois | New Jersey | |
Income Tax Owed | $25,726 | $23,941 |
After Tax Income | $124,274 | $126,059 |
Income After Income & Property Tax | $119,751 | $117,096 |
Maximum Disposable Income After Income, Property & Sales Taxes | $110,055 | $109,846 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Illinois | New Jersey | |
Income Tax Owed | $39,201 | $38,109 |
After Tax Income | $160,799 | $161,891 |
Income After Income & Property Tax | $156,276 | $152,928 |
Maximum Disposable Income After Income, Property & Sales Taxes | $143,622 | $143,460 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Illinois | New Jersey | |
Income Tax Owed | $53,595 | $53,213 |
After Tax Income | $196,405 | $196,787 |
Income After Income & Property Tax | $191,882 | $187,824 |
Maximum Disposable Income After Income, Property & Sales Taxes | $176,345 | $176,195 |
FAQ
Does Illinois or New Jersey have lower income taxes?
Illinois’s income tax falls into the following range: 4.95%
Whereas New Jersey’s income tax is the following
Does Illinois or New Jersey have lower property taxes?
Illinois has an average property tax rate of 1.78%
In comparison, New Jersey has an average property tax rate of 1.79%
Does Illinois or New Jersey 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, New Jersey has a state sales tax rate of 6.63% and an average local rate of -0.03% for a combined total rate of 6.60%.
Do you get to keep more money in Illinois or New Jersey?
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, New Jersey gives you $62,478.
More Comparisons:
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Illinois vs Arizona
Illinois vs Tennessee
Illinois vs Massachusetts
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