Does Michigan or Kentucky have lower taxes? We answer that in a variety of ways below:
Michigan vs Kentucky Income Tax Comparison
Michigan | Kentucky | |
Income Tax Rates & Thresholds | 4.25% | 5.00% |
Median Income | $68,990 | $55,880 |
Income Tax Paid On Median Household Income | $10,665 | $7,680 |
Income After Tax Based on Median Household Income | $58,325 | $48,200 |
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Michigan vs Kentucky Property Tax Comparison
Michigan | Kentucky | |
Average Property Tax Rate | 1.06% | 0.60% |
Average House Price By State | $233,019 | $201,033 |
Average Property Tax Owed Per Year | $2,470 | $1,206 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $55,855 | $46,994 |
Michigan vs Kentucky Sales Tax Comparison
Michigan | Kentucky | |
Average State Sales Tax | 6.00% | 6.00% |
Average Local Sales Tax Across the State | 0.00% | 0.00% |
Average Combined Sales Tax Rate | 6.00% | 6.00% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $3,162 | $2,660 |
Maximum Disposable Income Based on Median Household Income | $52,693 | $44,334 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Michigan | Kentucky | |
Income Tax Owed | $4,528 | $4,865 |
After Tax Income | $35,472 | $35,135 |
Income After Income & Property Tax | $33,002 | $33,929 |
Maximum Disposable Income After Income, Property & Sales Taxes | $31,134 | $32,008 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Michigan | Kentucky | |
Income Tax Owed | $8,305 | $8,793 |
After Tax Income | $51,695 | $51,207 |
Income After Income & Property Tax | $49,225 | $50,001 |
Maximum Disposable Income After Income, Property & Sales Taxes | $46,439 | $47,171 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Michigan | Kentucky | |
Income Tax Owed | $13,555 | $14,193 |
After Tax Income | $66,445 | $65,807 |
Income After Income & Property Tax | $63,975 | $64,601 |
Maximum Disposable Income After Income, Property & Sales Taxes | $60,354 | $60,944 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Michigan | Kentucky | |
Income Tax Owed | $18,805 | $19,593 |
After Tax Income | $81,195 | $80,407 |
Income After Income & Property Tax | $78,725 | $79,201 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,269 | $74,718 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Michigan | Kentucky | |
Income Tax Owed | $12,306 | $13,081 |
After Tax Income | $87,694 | $86,919 |
Income After Income & Property Tax | $85,224 | $85,713 |
Maximum Disposable Income After Income, Property & Sales Taxes | $80,400 | $80,861 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Michigan | Kentucky | |
Income Tax Owed | $24,486 | $25,636 |
After Tax Income | $125,514 | $124,364 |
Income After Income & Property Tax | $123,044 | $123,158 |
Maximum Disposable Income After Income, Property & Sales Taxes | $116,079 | $116,187 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Michigan | Kentucky | |
Income Tax Owed | $37,611 | $39,136 |
After Tax Income | $162,389 | $160,864 |
Income After Income & Property Tax | $159,919 | $159,658 |
Maximum Disposable Income After Income, Property & Sales Taxes | $150,867 | $150,621 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Michigan | Kentucky | |
Income Tax Owed | $51,655 | $53,555 |
After Tax Income | $198,345 | $196,445 |
Income After Income & Property Tax | $195,875 | $195,239 |
Maximum Disposable Income After Income, Property & Sales Taxes | $184,788 | $184,188 |
FAQ
Does Michigan or Kentucky have lower income taxes?
Michigan’s income tax falls into the following range: 4.25%
Whereas Kentucky’s income tax is the following 5.00%
Does Michigan or Kentucky have lower property taxes?
Michigan has an average property tax rate of 1.06%
In comparison, Kentucky has an average property tax rate of 0.60%
Does Michigan or Kentucky 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, 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%.
Do you get to keep more money in Michigan or Kentucky?
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, Kentucky gives you $44,334.
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