Michigan vs Mississippi Taxes: Income, Property & Sales

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

Michigan vs Mississippi Income Tax Comparison

	Michigan	Mississippi
Income Tax Rates & Thresholds	4.25%	4.00%: $5,000-$10,000 5.00%: $10,001+
Median Income	$68,990	$48,610
Income Tax Paid On Median Household Income	$10,665	$5,789
Income After Tax Based on Median Household Income	$58,325	$42,821

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Michigan vs Mississippi Property Tax Comparison

	Michigan	Mississippi
Average Property Tax Rate	1.06%	0.55%
Average House Price By State	$233,019	$171,998
Average Property Tax Owed Per Year	$2,470	$946
Income After Income Taxes & Property Taxes Based On Median State Household Income	$55,855	$41,875

Michigan vs Mississippi Sales Tax Comparison

	Michigan	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	$3,162	$2,765
Maximum Disposable Income Based on Median Household Income	$52,693	$39,110

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

	Michigan	Mississippi
Income Tax Owed	$4,528	$4,325
After Tax Income	$35,472	$35,675
Income After Income & Property Tax	$33,002	$34,729
Maximum Disposable Income After Income, Property & Sales Taxes	$31,134	$32,436

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

	Michigan	Mississippi
Income Tax Owed	$8,305	$8,253
After Tax Income	$51,695	$51,747
Income After Income & Property Tax	$49,225	$50,801
Maximum Disposable Income After Income, Property & Sales Taxes	$46,439	$47,447

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

	Michigan	Mississippi
Income Tax Owed	$13,555	$13,653
After Tax Income	$66,445	$66,347
Income After Income & Property Tax	$63,975	$65,401
Maximum Disposable Income After Income, Property & Sales Taxes	$60,354	$61,082

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

	Michigan	Mississippi
Income Tax Owed	$18,805	$19,053
After Tax Income	$81,195	$80,947
Income After Income & Property Tax	$78,725	$80,001
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	Mississippi
Income Tax Owed	$12,306	$12,351
After Tax Income	$87,694	$87,649
Income After Income & Property Tax	$85,224	$86,703
Maximum Disposable Income After Income, Property & Sales Taxes	$80,400	$80,978

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

	Michigan	Mississippi
Income Tax Owed	$24,486	$24,906
After Tax Income	$125,514	$125,094
Income After Income & Property Tax	$123,044	$124,148
Maximum Disposable Income After Income, Property & Sales Taxes	$116,079	$115,950

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

	Michigan	Mississippi
Income Tax Owed	$37,611	$38,406
After Tax Income	$162,389	$161,594
Income After Income & Property Tax	$159,919	$160,648
Maximum Disposable Income After Income, Property & Sales Taxes	$150,867	$150,040

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

	Michigan	Mississippi
Income Tax Owed	$51,655	$52,825
After Tax Income	$198,345	$197,175
Income After Income & Property Tax	$195,875	$196,229
Maximum Disposable Income After Income, Property & Sales Taxes	$184,788	$183,272

FAQ

Does Michigan or Mississippi have lower income taxes?

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

Whereas Mississippi’s income tax is the following

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

Does Michigan or Mississippi have lower property taxes?

Michigan has an average property tax rate of 1.06%

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

Does Michigan or Mississippi 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, 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 Michigan or Mississippi?

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, Mississippi gives you $39,110.

More Comparisons:

Michigan vs Kansas
Michigan vs New Mexico
Michigan vs Nebraska
Michigan vs Idaho
Michigan 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/