Michigan vs Arkansas Taxes: Income, Property & Sales

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

Michigan vs Arkansas Income Tax Comparison

	Michigan	Arkansas
Income Tax Rates & Thresholds	4.25%	2.00%: $0-$4,300 4.00%: $4,300-$8,500 4.90%: $8,501+
Median Income	$68,990	$53,980
Income Tax Paid On Median Household Income	$10,665	$7,352
Income After Tax Based on Median Household Income	$58,325	$46,628

Top Accounting Software:

Michigan vs Arkansas Property Tax Comparison

	Michigan	Arkansas
Average Property Tax Rate	1.06%	0.53%
Average House Price By State	$233,019	$199,284
Average Property Tax Owed Per Year	$2,470	$1,056
Income After Income Taxes & Property Taxes Based On Median State Household Income	$55,855	$45,572

Michigan vs Arkansas Sales Tax Comparison

	Michigan	Arkansas
Average State Sales Tax	6.00%	6.50%
Average Local Sales Tax Across the State	0.00%	2.97%
Average Combined Sales Tax Rate	6.00%	9.47%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,162	$3,942
Maximum Disposable Income Based on Median Household Income	$52,693	$41,629

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

	Michigan	Arkansas
Income Tax Owed	$4,528	$4,906
After Tax Income	$35,472	$35,094
Income After Income & Property Tax	$33,002	$34,038
Maximum Disposable Income After Income, Property & Sales Taxes	$31,134	$31,093

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

	Michigan	Arkansas
Income Tax Owed	$8,305	$8,933
After Tax Income	$51,695	$51,067
Income After Income & Property Tax	$49,225	$50,011
Maximum Disposable Income After Income, Property & Sales Taxes	$46,439	$45,684

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

	Michigan	Arkansas
Income Tax Owed	$13,555	$14,433
After Tax Income	$66,445	$65,567
Income After Income & Property Tax	$63,975	$64,511
Maximum Disposable Income After Income, Property & Sales Taxes	$60,354	$58,930

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

	Michigan	Arkansas
Income Tax Owed	$18,805	$19,933
After Tax Income	$81,195	$80,067
Income After Income & Property Tax	$78,725	$79,011
Maximum Disposable Income After Income, Property & Sales Taxes	$74,269	$72,176

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

	Michigan	Arkansas
Income Tax Owed	$12,306	$13,525
After Tax Income	$87,694	$86,475
Income After Income & Property Tax	$85,224	$85,419
Maximum Disposable Income After Income, Property & Sales Taxes	$80,400	$78,029

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

	Michigan	Arkansas
Income Tax Owed	$24,486	$26,330
After Tax Income	$125,514	$123,670
Income After Income & Property Tax	$123,044	$122,614
Maximum Disposable Income After Income, Property & Sales Taxes	$116,079	$112,007

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

	Michigan	Arkansas
Income Tax Owed	$37,611	$40,080
After Tax Income	$162,389	$159,920
Income After Income & Property Tax	$159,919	$158,864
Maximum Disposable Income After Income, Property & Sales Taxes	$150,867	$145,121

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

	Michigan	Arkansas
Income Tax Owed	$51,655	$54,749
After Tax Income	$198,345	$195,251
Income After Income & Property Tax	$195,875	$194,195
Maximum Disposable Income After Income, Property & Sales Taxes	$184,788	$177,395

FAQ

Does Michigan or Arkansas have lower income taxes?

Michigan’s income tax falls into the following range: 4.25%

Whereas Arkansas’s income tax is the following

• 2.00%: $0-$4,300
• 4.00%: $4,300-$8,500
• 4.90%: $8,501+

Does Michigan or Arkansas have lower property taxes?

Michigan has an average property tax rate of 1.06%

In comparison, Arkansas has an average property tax rate of 0.53%

Does Michigan or Arkansas have lower sales taxes?

Michigan 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, Arkansas has a state sales tax rate of 6.50% and an average local rate of 2.97% for a combined total rate of 9.47%.

Do you get to keep more money in Michigan or Arkansas?

Based on median household income after income, property and sales taxes Michigan gives you a maximum amount of disposable income of $52,693

In comparison, Arkansas gives you $41,629.

More Comparisons:

Michigan vs Mississippi
Michigan vs Kansas
Michigan vs New Mexico
Michigan vs Nebraska
Michigan vs Idaho

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/