Kentucky vs Mississippi Taxes: Income, Property & Sales

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

Kentucky vs Mississippi Income Tax Comparison

	Kentucky	Mississippi
Income Tax Rates & Thresholds	5.00%	4.00%: $5,000-$10,000 5.00%: $10,001+
Median Income	$55,880	$48,610
Income Tax Paid On Median Household Income	$7,680	$5,789
Income After Tax Based on Median Household Income	$48,200	$42,821

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Kentucky vs Mississippi Property Tax Comparison

	Kentucky	Mississippi
Average Property Tax Rate	0.60%	0.55%
Average House Price By State	$201,033	$171,998
Average Property Tax Owed Per Year	$1,206	$946
Income After Income Taxes & Property Taxes Based On Median State Household Income	$46,994	$41,875

Kentucky vs Mississippi Sales Tax Comparison

	Kentucky	Mississippi
Average State Sales Tax	6.00%	7.00%
Average Local Sales Tax Across the State	0.00%	0.07%
Average Combined Sales Tax Rate	6.00%	7.07%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$2,660	$2,765
Maximum Disposable Income Based on Median Household Income	$44,334	$39,110

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

	Kentucky	Mississippi
Income Tax Owed	$4,865	$4,325
After Tax Income	$35,135	$35,675
Income After Income & Property Tax	$33,929	$34,729
Maximum Disposable Income After Income, Property & Sales Taxes	$32,008	$32,436

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

	Kentucky	Mississippi
Income Tax Owed	$8,793	$8,253
After Tax Income	$51,207	$51,747
Income After Income & Property Tax	$50,001	$50,801
Maximum Disposable Income After Income, Property & Sales Taxes	$47,171	$47,447

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

	Kentucky	Mississippi
Income Tax Owed	$14,193	$13,653
After Tax Income	$65,807	$66,347
Income After Income & Property Tax	$64,601	$65,401
Maximum Disposable Income After Income, Property & Sales Taxes	$60,944	$61,082

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

	Kentucky	Mississippi
Income Tax Owed	$19,593	$19,053
After Tax Income	$80,407	$80,947
Income After Income & Property Tax	$79,201	$80,001
Maximum Disposable Income After Income, Property & Sales Taxes	$74,718	$74,718

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

	Kentucky	Mississippi
Income Tax Owed	$13,081	$12,351
After Tax Income	$86,919	$87,649
Income After Income & Property Tax	$85,713	$86,703
Maximum Disposable Income After Income, Property & Sales Taxes	$80,861	$80,978

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

	Kentucky	Mississippi
Income Tax Owed	$25,636	$24,906
After Tax Income	$124,364	$125,094
Income After Income & Property Tax	$123,158	$124,148
Maximum Disposable Income After Income, Property & Sales Taxes	$116,187	$115,950

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

	Kentucky	Mississippi
Income Tax Owed	$39,136	$38,406
After Tax Income	$160,864	$161,594
Income After Income & Property Tax	$159,658	$160,648
Maximum Disposable Income After Income, Property & Sales Taxes	$150,621	$150,040

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

	Kentucky	Mississippi
Income Tax Owed	$53,555	$52,825
After Tax Income	$196,445	$197,175
Income After Income & Property Tax	$195,239	$196,229
Maximum Disposable Income After Income, Property & Sales Taxes	$184,188	$183,272

FAQ

Does Kentucky or Mississippi have lower income taxes?

Kentucky’s income tax falls into the following range: 5.00%

Whereas Mississippi’s income tax is the following

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

Does Kentucky or Mississippi have lower property taxes?

Kentucky has an average property tax rate of 0.60%

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

Does Kentucky or Mississippi have lower sales taxes?

Kentucky has a state sales tax rate of 6.00% and an average local rate of 0.00% for a combined total rate of 6.00%.

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 Kentucky or Mississippi?

Based on median household income after income, property and sales taxes Kentucky gives you a maximum amount of disposable income of $44,334

In comparison, Mississippi gives you $39,110.

More Comparisons:

Kentucky vs Kansas
Kentucky vs New Mexico
Kentucky vs Nebraska
Kentucky vs Idaho
Kentucky 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/