Iowa vs Mississippi Taxes: Income, Property & Sales

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

Iowa vs Mississippi Income Tax Comparison

	Iowa	Mississippi
Income Tax Rates & Thresholds	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+	4.00%: $5,000-$10,000 5.00%: $10,001+
Median Income	$76,320	$48,610
Income Tax Paid On Median Household Income	$13,833	$5,789
Income After Tax Based on Median Household Income	$62,487	$42,821

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Iowa vs Mississippi Property Tax Comparison

	Iowa	Mississippi
Average Property Tax Rate	1.25%	0.55%
Average House Price By State	$215,458	$171,998
Average Property Tax Owed Per Year	$2,693	$946
Income After Income Taxes & Property Taxes Based On Median State Household Income	$59,794	$41,875

Iowa vs Mississippi Sales Tax Comparison

	Iowa	Mississippi
Average State Sales Tax	6.00%	7.00%
Average Local Sales Tax Across the State	0.94%	0.07%
Average Combined Sales Tax Rate	6.94%	7.07%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,880	$2,765
Maximum Disposable Income Based on Median Household Income	$55,913	$39,110

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

	Iowa	Mississippi
Income Tax Owed	$4,786	$4,325
After Tax Income	$35,214	$35,675
Income After Income & Property Tax	$32,521	$34,729
Maximum Disposable Income After Income, Property & Sales Taxes	$30,410	$32,436

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

	Iowa	Mississippi
Income Tax Owed	$9,028	$8,253
After Tax Income	$50,972	$51,747
Income After Income & Property Tax	$48,279	$50,801
Maximum Disposable Income After Income, Property & Sales Taxes	$45,146	$47,447

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

	Iowa	Mississippi
Income Tax Owed	$14,916	$13,653
After Tax Income	$65,084	$66,347
Income After Income & Property Tax	$62,391	$65,401
Maximum Disposable Income After Income, Property & Sales Taxes	$58,342	$61,082

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

	Iowa	Mississippi
Income Tax Owed	$21,015	$19,053
After Tax Income	$78,985	$80,947
Income After Income & Property Tax	$76,292	$80,001
Maximum Disposable Income After Income, Property & Sales Taxes	$71,341	$74,718

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

	Iowa	Mississippi
Income Tax Owed	$14,448	$12,351
After Tax Income	$85,552	$87,649
Income After Income & Property Tax	$82,859	$86,703
Maximum Disposable Income After Income, Property & Sales Taxes	$77,482	$80,978

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

	Iowa	Mississippi
Income Tax Owed	$28,768	$24,906
After Tax Income	$121,232	$125,094
Income After Income & Property Tax	$118,539	$124,148
Maximum Disposable Income After Income, Property & Sales Taxes	$110,846	$115,950

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

	Iowa	Mississippi
Income Tax Owed	$44,033	$38,406
After Tax Income	$155,967	$161,594
Income After Income & Property Tax	$153,274	$160,648
Maximum Disposable Income After Income, Property & Sales Taxes	$143,327	$150,040

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

	Iowa	Mississippi
Income Tax Owed	$60,217	$52,825
After Tax Income	$189,783	$197,175
Income After Income & Property Tax	$187,090	$196,229
Maximum Disposable Income After Income, Property & Sales Taxes	$174,948	$183,272

FAQ

Does Iowa or Mississippi have lower income taxes?

Iowa’s income tax falls into the following range:

• 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+

Whereas Mississippi’s income tax is the following

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

Does Iowa or Mississippi have lower property taxes?

Iowa has an average property tax rate of 1.25%

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

Does Iowa or Mississippi have lower sales taxes?

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%.

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 Iowa or Mississippi?

Based on median household income after income, property and sales taxes Iowa gives you a maximum amount of disposable income of $55,913

In comparison, Mississippi gives you $39,110.

More Comparisons:

Iowa vs Kansas
Iowa vs New Mexico
Iowa vs Nebraska
Iowa vs Idaho
Iowa 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/