Does New Jersey or Kentucky have lower taxes? We answer that in a variety of ways below:
New Jersey vs Kentucky Income Tax Comparison
New Jersey | Kentucky | |
Income Tax Rates & Thresholds | 5.00% | |
Median Income | $92,340 | $55,880 |
Income Tax Paid On Median Household Income | $16,776 | $7,680 |
Income After Tax Based on Median Household Income | $75,564 | $48,200 |
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New Jersey vs Kentucky Property Tax Comparison
New Jersey | Kentucky | |
Average Property Tax Rate | 1.79% | 0.60% |
Average House Price By State | $500,717 | $201,033 |
Average Property Tax Owed Per Year | $8,963 | $1,206 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $66,601 | $46,994 |
New Jersey vs Kentucky Sales Tax Comparison
New Jersey | Kentucky | |
Average State Sales Tax | 6.63% | 6.00% |
Average Local Sales Tax Across the State | -0.03% | 0.00% |
Average Combined Sales Tax Rate | 6.60% | 6.00% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,124 | $2,660 |
Maximum Disposable Income Based on Median Household Income | $62,478 | $44,334 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
New Jersey | Kentucky | |
Income Tax Owed | $3,723 | $4,865 |
After Tax Income | $36,277 | $35,135 |
Income After Income & Property Tax | $27,314 | $33,929 |
Maximum Disposable Income After Income, Property & Sales Taxes | $25,623 | $32,008 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
New Jersey | Kentucky | |
Income Tax Owed | $7,736 | $8,793 |
After Tax Income | $52,264 | $51,207 |
Income After Income & Property Tax | $43,301 | $50,001 |
Maximum Disposable Income After Income, Property & Sales Taxes | $40,620 | $47,171 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
New Jersey | Kentucky | |
Income Tax Owed | $13,276 | $14,193 |
After Tax Income | $66,724 | $65,807 |
Income After Income & Property Tax | $57,761 | $64,601 |
Maximum Disposable Income After Income, Property & Sales Taxes | $54,185 | $60,944 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
New Jersey | Kentucky | |
Income Tax Owed | $18,950 | $19,593 |
After Tax Income | $81,050 | $80,407 |
Income After Income & Property Tax | $72,087 | $79,201 |
Maximum Disposable Income After Income, Property & Sales Taxes | $67,624 | $74,718 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
New Jersey | Kentucky | |
Income Tax Owed | $11,121 | $13,081 |
After Tax Income | $88,879 | $86,919 |
Income After Income & Property Tax | $79,916 | $85,713 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,968 | $80,861 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
New Jersey | Kentucky | |
Income Tax Owed | $23,941 | $25,636 |
After Tax Income | $126,059 | $124,364 |
Income After Income & Property Tax | $117,096 | $123,158 |
Maximum Disposable Income After Income, Property & Sales Taxes | $109,846 | $116,187 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
New Jersey | Kentucky | |
Income Tax Owed | $38,109 | $39,136 |
After Tax Income | $161,891 | $160,864 |
Income After Income & Property Tax | $152,928 | $159,658 |
Maximum Disposable Income After Income, Property & Sales Taxes | $143,460 | $150,621 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
New Jersey | Kentucky | |
Income Tax Owed | $53,213 | $53,555 |
After Tax Income | $196,787 | $196,445 |
Income After Income & Property Tax | $187,824 | $195,239 |
Maximum Disposable Income After Income, Property & Sales Taxes | $176,195 | $184,188 |
FAQ
Does New Jersey or Kentucky have lower income taxes?
New Jersey’s income tax falls into the following range:
Whereas Kentucky’s income tax is the following 5.00%
Does New Jersey or Kentucky have lower property taxes?
New Jersey has an average property tax rate of 1.79%
In comparison, Kentucky has an average property tax rate of 0.60%
Does New Jersey or Kentucky 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, Kentucky 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%.
Do you get to keep more money in New Jersey or Kentucky?
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, Kentucky gives you $44,334.
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