New Jersey vs Connecticut Taxes: Income, Property & Sales

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

New Jersey vs Connecticut Income Tax Comparison

	New Jersey	Connecticut
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+	3.00%: $0-$10,000 5.00%: $10,000-$50,000 5.50%: $50,001-$100,000 6.00%: $100,001-$200,000 6.50%: $200,001-$250,000 6.90%: $250,001-$500,000 6.99%: $500,001+
Median Income	$92,340	$90,730
Income Tax Paid On Median Household Income	$16,776	$16,444
Income After Tax Based on Median Household Income	$75,564	$74,286

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New Jersey vs Connecticut Property Tax Comparison

	New Jersey	Connecticut
Average Property Tax Rate	1.79%	1.57%
Average House Price By State	$500,717	$401,285
Average Property Tax Owed Per Year	$8,963	$6,300
Income After Income Taxes & Property Taxes Based On Median State Household Income	$66,601	$67,986

New Jersey vs Connecticut Sales Tax Comparison

	New Jersey	Connecticut
Average State Sales Tax	6.63%	6.35%
Average Local Sales Tax Across the State	-0.03%	0.00%
Average Combined Sales Tax Rate	6.60%	6.35%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,124	$4,059
Maximum Disposable Income Based on Median Household Income	$62,478	$63,926

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

	New Jersey	Connecticut
Income Tax Owed	$3,723	$4,090
After Tax Income	$36,277	$35,910
Income After Income & Property Tax	$27,314	$29,610
Maximum Disposable Income After Income, Property & Sales Taxes	$25,623	$27,842

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

	New Jersey	Connecticut
Income Tax Owed	$7,736	$8,018
After Tax Income	$52,264	$51,982
Income After Income & Property Tax	$43,301	$45,682
Maximum Disposable Income After Income, Property & Sales Taxes	$40,620	$42,954

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

	New Jersey	Connecticut
Income Tax Owed	$13,276	$13,493
After Tax Income	$66,724	$66,507
Income After Income & Property Tax	$57,761	$60,207
Maximum Disposable Income After Income, Property & Sales Taxes	$54,185	$56,612

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

	New Jersey	Connecticut
Income Tax Owed	$18,950	$18,993
After Tax Income	$81,050	$81,007
Income After Income & Property Tax	$72,087	$74,707
Maximum Disposable Income After Income, Property & Sales Taxes	$67,624	$70,246

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

	New Jersey	Connecticut
Income Tax Owed	$11,121	$11,881
After Tax Income	$88,879	$88,119
Income After Income & Property Tax	$79,916	$81,819
Maximum Disposable Income After Income, Property & Sales Taxes	$74,968	$76,934

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

	New Jersey	Connecticut
Income Tax Owed	$23,941	$24,566
After Tax Income	$126,059	$125,434
Income After Income & Property Tax	$117,096	$119,134
Maximum Disposable Income After Income, Property & Sales Taxes	$109,846	$112,021

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

	New Jersey	Connecticut
Income Tax Owed	$38,109	$38,316
After Tax Income	$161,891	$161,684
Income After Income & Property Tax	$152,928	$155,384
Maximum Disposable Income After Income, Property & Sales Taxes	$143,460	$146,106

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

	New Jersey	Connecticut
Income Tax Owed	$53,213	$53,115
After Tax Income	$196,787	$196,885
Income After Income & Property Tax	$187,824	$190,585
Maximum Disposable Income After Income, Property & Sales Taxes	$176,195	$179,205

FAQ

Does New Jersey or Connecticut 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 Connecticut’s income tax is the following

• 3.00%: $0-$10,000
• 5.00%: $10,000-$50,000
• 5.50%: $50,001-$100,000
• 6.00%: $100,001-$200,000
• 6.50%: $200,001-$250,000
• 6.90%: $250,001-$500,000
• 6.99%: $500,001+

Does New Jersey or Connecticut have lower property taxes?

New Jersey has an average property tax rate of 1.79%

In comparison, Connecticut has an average property tax rate of 1.57%

Does New Jersey or Connecticut 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, Connecticut has a state sales tax rate of 6.35% and an average local rate of 0.00% for a combined total rate of 6.35%.

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

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, Connecticut gives you $63,926.

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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/