Mississippi vs Idaho Taxes: Income, Property & Sales

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

Mississippi vs Idaho Income Tax Comparison

	Mississippi	Idaho
Income Tax Rates & Thresholds	4.00%: $5,000-$10,000 5.00%: $10,001+	1.00%: $0-$1,662 3.00%: $1,663-$4,987 4.50%: $4,988-$8,311 6.00%: $8,312+
Median Income	$48,610	$72,580
Income Tax Paid On Median Household Income	$5,789	$13,701
Income After Tax Based on Median Household Income	$42,821	$58,879

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Mississippi vs Idaho Property Tax Comparison

	Mississippi	Idaho
Average Property Tax Rate	0.55%	0.46%
Average House Price By State	$171,998	$443,638
Average Property Tax Owed Per Year	$946	$2,041
Income After Income Taxes & Property Taxes Based On Median State Household Income	$41,875	$56,838

Mississippi vs Idaho Sales Tax Comparison

	Mississippi	Idaho
Average State Sales Tax	7.00%	6.00%
Average Local Sales Tax Across the State	0.07%	0.02%
Average Combined Sales Tax Rate	7.07%	6.02%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$2,765	$3,227
Maximum Disposable Income Based on Median Household Income	$39,110	$53,611

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

	Mississippi	Idaho
Income Tax Owed	$4,325	$4,441
After Tax Income	$35,675	$35,559
Income After Income & Property Tax	$34,729	$33,518
Maximum Disposable Income After Income, Property & Sales Taxes	$32,436	$31,615

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

	Mississippi	Idaho
Income Tax Owed	$8,253	$8,568
After Tax Income	$51,747	$51,432
Income After Income & Property Tax	$50,801	$49,391
Maximum Disposable Income After Income, Property & Sales Taxes	$47,447	$46,587

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

	Mississippi	Idaho
Income Tax Owed	$13,653	$14,168
After Tax Income	$66,347	$65,832
Income After Income & Property Tax	$65,401	$63,791
Maximum Disposable Income After Income, Property & Sales Taxes	$61,082	$60,169

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

	Mississippi	Idaho
Income Tax Owed	$19,053	$19,768
After Tax Income	$80,947	$80,232
Income After Income & Property Tax	$80,001	$78,191
Maximum Disposable Income After Income, Property & Sales Taxes	$74,718	$73,751

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

	Mississippi	Idaho
Income Tax Owed	$12,351	$12,482
After Tax Income	$87,649	$87,518
Income After Income & Property Tax	$86,703	$85,477
Maximum Disposable Income After Income, Property & Sales Taxes	$80,978	$80,624

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

	Mississippi	Idaho
Income Tax Owed	$24,906	$25,537
After Tax Income	$125,094	$124,463
Income After Income & Property Tax	$124,148	$122,422
Maximum Disposable Income After Income, Property & Sales Taxes	$115,950	$115,471

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

	Mississippi	Idaho
Income Tax Owed	$38,406	$39,537
After Tax Income	$161,594	$160,463
Income After Income & Property Tax	$160,648	$158,422
Maximum Disposable Income After Income, Property & Sales Taxes	$150,040	$149,427

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

	Mississippi	Idaho
Income Tax Owed	$52,825	$54,456
After Tax Income	$197,175	$195,544
Income After Income & Property Tax	$196,229	$193,503
Maximum Disposable Income After Income, Property & Sales Taxes	$183,272	$182,516

FAQ

Does Mississippi or Idaho have lower income taxes?

Mississippi’s income tax falls into the following range:

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

Whereas Idaho’s income tax is the following

• 1.00%: $0-$1,662
• 3.00%: $1,663-$4,987
• 4.50%: $4,988-$8,311
• 6.00%: $8,312+

Does Mississippi or Idaho have lower property taxes?

Mississippi has an average property tax rate of 0.55%

In comparison, Idaho has an average property tax rate of 0.46%

Does Mississippi or Idaho have lower sales taxes?

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%.

In contrast, Idaho has a state sales tax rate of 6.00% and an average local rate of 0.02% for a combined total rate of 6.02%.

Do you get to keep more money in Mississippi or Idaho?

Based on median household income after income, property and sales taxes Mississippi gives you a maximum amount of disposable income of $39,110

In comparison, Idaho gives you $53,611.

More Comparisons:

Mississippi vs West Virginia
Mississippi vs Hawaii
Mississippi vs New Hampshire
Mississippi vs Maine
Mississippi vs Montana

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/