New Jersey vs Arkansas Taxes: Income, Property & Sales

Does New Jersey or Arkansas have lower taxes? We answer that in a variety of ways below:

New Jersey vs Arkansas Income Tax Comparison

	New Jersey	Arkansas
Income Tax Rates & Thresholds	1.40%: $0-$20,000 1.75%: $20,001-$35,000 3.50%: $35,001-$40,000 5.53%: $40,001-$75,000 6.37%: $75,001-$500,000 8.97%: $500,001-$1,000,000 10.75%: $1,000,001+	2.00%: $0-$4,300 4.00%: $4,300-$8,500 4.90%: $8,501+
Median Income	$92,340	$53,980
Income Tax Paid On Median Household Income	$16,776	$7,352
Income After Tax Based on Median Household Income	$75,564	$46,628

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New Jersey vs Arkansas Property Tax Comparison

	New Jersey	Arkansas
Average Property Tax Rate	1.79%	0.53%
Average House Price By State	$500,717	$199,284
Average Property Tax Owed Per Year	$8,963	$1,056
Income After Income Taxes & Property Taxes Based On Median State Household Income	$66,601	$45,572

New Jersey vs Arkansas Sales Tax Comparison

	New Jersey	Arkansas
Average State Sales Tax	6.63%	6.50%
Average Local Sales Tax Across the State	-0.03%	2.97%
Average Combined Sales Tax Rate	6.60%	9.47%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,124	$3,942
Maximum Disposable Income Based on Median Household Income	$62,478	$41,629

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

	New Jersey	Arkansas
Income Tax Owed	$3,723	$4,906
After Tax Income	$36,277	$35,094
Income After Income & Property Tax	$27,314	$34,038
Maximum Disposable Income After Income, Property & Sales Taxes	$25,623	$31,093

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

	New Jersey	Arkansas
Income Tax Owed	$7,736	$8,933
After Tax Income	$52,264	$51,067
Income After Income & Property Tax	$43,301	$50,011
Maximum Disposable Income After Income, Property & Sales Taxes	$40,620	$45,684

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

	New Jersey	Arkansas
Income Tax Owed	$13,276	$14,433
After Tax Income	$66,724	$65,567
Income After Income & Property Tax	$57,761	$64,511
Maximum Disposable Income After Income, Property & Sales Taxes	$54,185	$58,930

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

	New Jersey	Arkansas
Income Tax Owed	$18,950	$19,933
After Tax Income	$81,050	$80,067
Income After Income & Property Tax	$72,087	$79,011
Maximum Disposable Income After Income, Property & Sales Taxes	$67,624	$72,176

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

	New Jersey	Arkansas
Income Tax Owed	$11,121	$13,525
After Tax Income	$88,879	$86,475
Income After Income & Property Tax	$79,916	$85,419
Maximum Disposable Income After Income, Property & Sales Taxes	$74,968	$78,029

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

	New Jersey	Arkansas
Income Tax Owed	$23,941	$26,330
After Tax Income	$126,059	$123,670
Income After Income & Property Tax	$117,096	$122,614
Maximum Disposable Income After Income, Property & Sales Taxes	$109,846	$112,007

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

	New Jersey	Arkansas
Income Tax Owed	$38,109	$40,080
After Tax Income	$161,891	$159,920
Income After Income & Property Tax	$152,928	$158,864
Maximum Disposable Income After Income, Property & Sales Taxes	$143,460	$145,121

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

	New Jersey	Arkansas
Income Tax Owed	$53,213	$54,749
After Tax Income	$196,787	$195,251
Income After Income & Property Tax	$187,824	$194,195
Maximum Disposable Income After Income, Property & Sales Taxes	$176,195	$177,395

FAQ

Does New Jersey or Arkansas have lower income taxes?

New Jersey’s income tax falls into the following range:

1.40%: $0-$20,000

1.75%: $20,001-$35,000

3.50%: $35,001-$40,000

5.53%: $40,001-$75,000

6.37%: $75,001-$500,000

8.97%: $500,001-$1,000,000

10.75%: $1,000,001+

Whereas Arkansas’s income tax is the following

• 2.00%: $0-$4,300
• 4.00%: $4,300-$8,500
• 4.90%: $8,501+

Does New Jersey or Arkansas have lower property taxes?

New Jersey has an average property tax rate of 1.79%

In comparison, Arkansas has an average property tax rate of 0.53%

Does New Jersey or Arkansas have lower sales taxes?

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%.

In contrast, Arkansas has a state sales tax rate of 6.50% and an average local rate of 2.97% for a combined total rate of 9.47%.

Do you get to keep more money in New Jersey or Arkansas?

Based on median household income after income, property and sales taxes New Jersey gives you a maximum amount of disposable income of $62,478

In comparison, Arkansas gives you $41,629.

More Comparisons:

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New Jersey vs New Mexico
New Jersey vs Nebraska
New Jersey vs Idaho


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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/