Does Michigan or Iowa have lower taxes? We answer that in a variety of ways below:
Michigan vs Iowa Income Tax Comparison
Michigan | Iowa | |
Income Tax Rates & Thresholds | 4.25% |
|
Median Income | $68,990 | $76,320 |
Income Tax Paid On Median Household Income | $10,665 | $13,833 |
Income After Tax Based on Median Household Income | $58,325 | $62,487 |
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Michigan vs Iowa Property Tax Comparison
Michigan | Iowa | |
Average Property Tax Rate | 1.06% | 1.25% |
Average House Price By State | $233,019 | $215,458 |
Average Property Tax Owed Per Year | $2,470 | $2,693 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $55,855 | $59,794 |
Michigan vs Iowa Sales Tax Comparison
Michigan | Iowa | |
Average State Sales Tax | 6.00% | 6.00% |
Average Local Sales Tax Across the State | 0.00% | 0.94% |
Average Combined Sales Tax Rate | 6.00% | 6.94% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $3,162 | $3,880 |
Maximum Disposable Income Based on Median Household Income | $52,693 | $55,913 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Michigan | Iowa | |
Income Tax Owed | $4,528 | $4,786 |
After Tax Income | $35,472 | $35,214 |
Income After Income & Property Tax | $33,002 | $32,521 |
Maximum Disposable Income After Income, Property & Sales Taxes | $31,134 | $30,410 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Michigan | Iowa | |
Income Tax Owed | $8,305 | $9,028 |
After Tax Income | $51,695 | $50,972 |
Income After Income & Property Tax | $49,225 | $48,279 |
Maximum Disposable Income After Income, Property & Sales Taxes | $46,439 | $45,146 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Michigan | Iowa | |
Income Tax Owed | $13,555 | $14,916 |
After Tax Income | $66,445 | $65,084 |
Income After Income & Property Tax | $63,975 | $62,391 |
Maximum Disposable Income After Income, Property & Sales Taxes | $60,354 | $58,342 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Michigan | Iowa | |
Income Tax Owed | $18,805 | $21,015 |
After Tax Income | $81,195 | $78,985 |
Income After Income & Property Tax | $78,725 | $76,292 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,269 | $71,341 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Michigan | Iowa | |
Income Tax Owed | $12,306 | $14,448 |
After Tax Income | $87,694 | $85,552 |
Income After Income & Property Tax | $85,224 | $82,859 |
Maximum Disposable Income After Income, Property & Sales Taxes | $80,400 | $77,482 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Michigan | Iowa | |
Income Tax Owed | $24,486 | $28,768 |
After Tax Income | $125,514 | $121,232 |
Income After Income & Property Tax | $123,044 | $118,539 |
Maximum Disposable Income After Income, Property & Sales Taxes | $116,079 | $110,846 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Michigan | Iowa | |
Income Tax Owed | $37,611 | $44,033 |
After Tax Income | $162,389 | $155,967 |
Income After Income & Property Tax | $159,919 | $153,274 |
Maximum Disposable Income After Income, Property & Sales Taxes | $150,867 | $143,327 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Michigan | Iowa | |
Income Tax Owed | $51,655 | $60,217 |
After Tax Income | $198,345 | $189,783 |
Income After Income & Property Tax | $195,875 | $187,090 |
Maximum Disposable Income After Income, Property & Sales Taxes | $184,788 | $174,948 |
FAQ
Does Michigan or Iowa have lower income taxes?
Michigan’s income tax falls into the following range: 4.25%
Whereas Iowa’s income tax is the following
- 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+
Does Michigan or Iowa have lower property taxes?
Michigan has an average property tax rate of 1.06%
In comparison, Iowa has an average property tax rate of 1.25%
Does Michigan or Iowa 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, 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%.
Do you get to keep more money in Michigan or Iowa?
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, Iowa gives you $55,913.
More Comparisons:
Michigan vs Nevada
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Michigan vs Mississippi
Michigan vs Kansas
Michigan vs New Mexico
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