Indiana vs Mississippi Taxes: Income, Property & Sales

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

Indiana vs Mississippi Income Tax Comparison

	Indiana	Mississippi
Income Tax Rates & Thresholds	3.23%	4.00%: $5,000-$10,000 5.00%: $10,001+
Median Income	$70,030	$48,610
Income Tax Paid On Median Household Income	$10,404	$5,789
Income After Tax Based on Median Household Income	$59,626	$42,821

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Indiana vs Mississippi Property Tax Comparison

	Indiana	Mississippi
Average Property Tax Rate	0.74%	0.55%
Average House Price By State	$232,390	$171,998
Average Property Tax Owed Per Year	$1,720	$946
Income After Income Taxes & Property Taxes Based On Median State Household Income	$57,906	$41,875

Indiana vs Mississippi Sales Tax Comparison

	Indiana	Mississippi
Average State Sales Tax	7.00%	7.00%
Average Local Sales Tax Across the State	0.00%	0.07%
Average Combined Sales Tax Rate	7.00%	7.07%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,788	$2,765
Maximum Disposable Income Based on Median Household Income	$54,118	$39,110

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

	Indiana	Mississippi
Income Tax Owed	$4,300	$4,325
After Tax Income	$35,700	$35,675
Income After Income & Property Tax	$33,980	$34,729
Maximum Disposable Income After Income, Property & Sales Taxes	$31,757	$32,436

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

	Indiana	Mississippi
Income Tax Owed	$7,873	$8,253
After Tax Income	$52,127	$51,747
Income After Income & Property Tax	$50,407	$50,801
Maximum Disposable Income After Income, Property & Sales Taxes	$47,110	$47,447

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

	Indiana	Mississippi
Income Tax Owed	$12,919	$13,653
After Tax Income	$67,081	$66,347
Income After Income & Property Tax	$65,361	$65,401
Maximum Disposable Income After Income, Property & Sales Taxes	$61,085	$61,082

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

	Indiana	Mississippi
Income Tax Owed	$17,965	$19,053
After Tax Income	$82,035	$80,947
Income After Income & Property Tax	$80,315	$80,001
Maximum Disposable Income After Income, Property & Sales Taxes	$75,061	$74,718

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

	Indiana	Mississippi
Income Tax Owed	$11,646	$12,351
After Tax Income	$88,354	$87,649
Income After Income & Property Tax	$86,634	$86,703
Maximum Disposable Income After Income, Property & Sales Taxes	$80,967	$80,978

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

	Indiana	Mississippi
Income Tax Owed	$23,316	$24,906
After Tax Income	$126,684	$125,094
Income After Income & Property Tax	$124,964	$124,148
Maximum Disposable Income After Income, Property & Sales Taxes	$116,789	$115,950

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

	Indiana	Mississippi
Income Tax Owed	$35,931	$38,406
After Tax Income	$164,069	$161,594
Income After Income & Property Tax	$162,349	$160,648
Maximum Disposable Income After Income, Property & Sales Taxes	$151,728	$150,040

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

	Indiana	Mississippi
Income Tax Owed	$49,465	$52,825
After Tax Income	$200,535	$197,175
Income After Income & Property Tax	$198,815	$196,229
Maximum Disposable Income After Income, Property & Sales Taxes	$185,809	$183,272

FAQ

Does Indiana or Mississippi have lower income taxes?

Indiana’s income tax falls into the following range: 3.23%

Whereas Mississippi’s income tax is the following

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

Does Indiana or Mississippi have lower property taxes?

Indiana has an average property tax rate of 0.74%

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

Does Indiana or Mississippi have lower sales taxes?

Indiana 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%.

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 Indiana or Mississippi?

Based on median household income after income, property and sales taxes Indiana gives you a maximum amount of disposable income of $54,118

In comparison, Mississippi gives you $39,110.

More Comparisons:

Indiana vs Kansas
Indiana vs New Mexico
Indiana vs Nebraska
Indiana vs Idaho
Indiana 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/