Does Michigan or New Jersey have lower taxes? We answer that in a variety of ways below:
Michigan vs New Jersey Income Tax Comparison
Michigan | New Jersey | |
Income Tax Rates & Thresholds | 4.25% | |
Median Income | $68,990 | $92,340 |
Income Tax Paid On Median Household Income | $10,665 | $16,776 |
Income After Tax Based on Median Household Income | $58,325 | $75,564 |
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Michigan vs New Jersey Property Tax Comparison
Michigan | New Jersey | |
Average Property Tax Rate | 1.06% | 1.79% |
Average House Price By State | $233,019 | $500,717 |
Average Property Tax Owed Per Year | $2,470 | $8,963 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $55,855 | $66,601 |
Michigan vs New Jersey Sales Tax Comparison
Michigan | New Jersey | |
Average State Sales Tax | 6.00% | 6.63% |
Average Local Sales Tax Across the State | 0.00% | -0.03% |
Average Combined Sales Tax Rate | 6.00% | 6.60% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $3,162 | $4,124 |
Maximum Disposable Income Based on Median Household Income | $52,693 | $62,478 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Michigan | New Jersey | |
Income Tax Owed | $4,528 | $3,723 |
After Tax Income | $35,472 | $36,277 |
Income After Income & Property Tax | $33,002 | $27,314 |
Maximum Disposable Income After Income, Property & Sales Taxes | $31,134 | $25,623 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Michigan | New Jersey | |
Income Tax Owed | $8,305 | $7,736 |
After Tax Income | $51,695 | $52,264 |
Income After Income & Property Tax | $49,225 | $43,301 |
Maximum Disposable Income After Income, Property & Sales Taxes | $46,439 | $40,620 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Michigan | New Jersey | |
Income Tax Owed | $13,555 | $13,276 |
After Tax Income | $66,445 | $66,724 |
Income After Income & Property Tax | $63,975 | $57,761 |
Maximum Disposable Income After Income, Property & Sales Taxes | $60,354 | $54,185 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Michigan | New Jersey | |
Income Tax Owed | $18,805 | $18,950 |
After Tax Income | $81,195 | $81,050 |
Income After Income & Property Tax | $78,725 | $72,087 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,269 | $67,624 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Michigan | New Jersey | |
Income Tax Owed | $12,306 | $11,121 |
After Tax Income | $87,694 | $88,879 |
Income After Income & Property Tax | $85,224 | $79,916 |
Maximum Disposable Income After Income, Property & Sales Taxes | $80,400 | $74,968 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Michigan | New Jersey | |
Income Tax Owed | $24,486 | $23,941 |
After Tax Income | $125,514 | $126,059 |
Income After Income & Property Tax | $123,044 | $117,096 |
Maximum Disposable Income After Income, Property & Sales Taxes | $116,079 | $109,846 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Michigan | New Jersey | |
Income Tax Owed | $37,611 | $38,109 |
After Tax Income | $162,389 | $161,891 |
Income After Income & Property Tax | $159,919 | $152,928 |
Maximum Disposable Income After Income, Property & Sales Taxes | $150,867 | $143,460 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Michigan | New Jersey | |
Income Tax Owed | $51,655 | $53,213 |
After Tax Income | $198,345 | $196,787 |
Income After Income & Property Tax | $195,875 | $187,824 |
Maximum Disposable Income After Income, Property & Sales Taxes | $184,788 | $176,195 |
FAQ
Does Michigan or New Jersey have lower income taxes?
Michigan’s income tax falls into the following range: 4.25%
Whereas New Jersey’s income tax is the following
Does Michigan or New Jersey have lower property taxes?
Michigan has an average property tax rate of 1.06%
In comparison, New Jersey has an average property tax rate of 1.79%
Does Michigan or New Jersey 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, New Jersey has a state sales tax rate of 6.63% and an average local rate of -0.03% for a combined total rate of 6.60%.
Do you get to keep more money in Michigan or New Jersey?
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, New Jersey gives you $62,478.
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Michigan vs Massachusetts
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