Mississippi vs Wyoming Taxes: Income, Property & Sales

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

Mississippi vs Wyoming Income Tax Comparison

	Mississippi	Wyoming
Income Tax Rates & Thresholds	4.00%: $5,000-$10,000 5.00%: $10,001+	None
Median Income	$48,610	$73,090
Income Tax Paid On Median Household Income	$5,789	$8,848
Income After Tax Based on Median Household Income	$42,821	$64,242

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Mississippi vs Wyoming Property Tax Comparison

	Mississippi	Wyoming
Average Property Tax Rate	0.55%	0.64%
Average House Price By State	$171,998	$337,102
Average Property Tax Owed Per Year	$946	$2,157
Income After Income Taxes & Property Taxes Based On Median State Household Income	$41,875	$62,085

Mississippi vs Wyoming Sales Tax Comparison

	Mississippi	Wyoming
Average State Sales Tax	7.00%	4.00%
Average Local Sales Tax Across the State	0.07%	1.22%
Average Combined Sales Tax Rate	7.07%	5.22%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$2,765	$3,080
Maximum Disposable Income Based on Median Household Income	$39,110	$59,005

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

	Mississippi	Wyoming
Income Tax Owed	$4,325	$3,040
After Tax Income	$35,675	$36,960
Income After Income & Property Tax	$34,729	$34,803
Maximum Disposable Income After Income, Property & Sales Taxes	$32,436	$33,076

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

	Mississippi	Wyoming
Income Tax Owed	$8,253	$5,968
After Tax Income	$51,747	$54,032
Income After Income & Property Tax	$50,801	$51,875
Maximum Disposable Income After Income, Property & Sales Taxes	$47,447	$49,301

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

	Mississippi	Wyoming
Income Tax Owed	$13,653	$10,368
After Tax Income	$66,347	$69,632
Income After Income & Property Tax	$65,401	$67,475
Maximum Disposable Income After Income, Property & Sales Taxes	$61,082	$64,127

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

	Mississippi	Wyoming
Income Tax Owed	$19,053	$14,768
After Tax Income	$80,947	$85,232
Income After Income & Property Tax	$80,001	$83,075
Maximum Disposable Income After Income, Property & Sales Taxes	$74,718	$78,953

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

	Mississippi	Wyoming
Income Tax Owed	$12,351	$8,481
After Tax Income	$87,649	$91,519
Income After Income & Property Tax	$86,703	$89,362
Maximum Disposable Income After Income, Property & Sales Taxes	$80,978	$84,928

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

	Mississippi	Wyoming
Income Tax Owed	$24,906	$18,536
After Tax Income	$125,094	$131,464
Income After Income & Property Tax	$124,148	$129,307
Maximum Disposable Income After Income, Property & Sales Taxes	$115,950	$122,892

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

	Mississippi	Wyoming
Income Tax Owed	$38,406	$29,536
After Tax Income	$161,594	$170,464
Income After Income & Property Tax	$160,648	$168,307
Maximum Disposable Income After Income, Property & Sales Taxes	$150,040	$159,957

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

	Mississippi	Wyoming
Income Tax Owed	$52,825	$41,455
After Tax Income	$197,175	$208,545
Income After Income & Property Tax	$196,229	$206,388
Maximum Disposable Income After Income, Property & Sales Taxes	$183,272	$196,149

FAQ

Does Mississippi or Wyoming have lower income taxes?

Mississippi’s income tax falls into the following range:

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

Whereas Wyoming’s income tax is the following None

Does Mississippi or Wyoming have lower property taxes?

Mississippi has an average property tax rate of 0.55%

In comparison, Wyoming has an average property tax rate of 0.64%

Does Mississippi or Wyoming 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, Wyoming has a state sales tax rate of 4.00% and an average local rate of 1.22% for a combined total rate of 5.22%.

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

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, Wyoming gives you $59,005.

More Comparisons:

Kansas vs New Mexico
Kansas vs Nebraska
Kansas vs Idaho
Kansas vs West Virginia
Kansas vs Hawaii

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/