Does New Jersey or Mississippi have lower taxes? We answer that in a variety of ways below:
New Jersey vs Mississippi Income Tax Comparison
New Jersey | Mississippi | |
Income Tax Rates & Thresholds |
| |
Median Income | $92,340 | $48,610 |
Income Tax Paid On Median Household Income | $16,776 | $5,789 |
Income After Tax Based on Median Household Income | $75,564 | $42,821 |
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New Jersey vs Mississippi Property Tax Comparison
New Jersey | Mississippi | |
Average Property Tax Rate | 1.79% | 0.55% |
Average House Price By State | $500,717 | $171,998 |
Average Property Tax Owed Per Year | $8,963 | $946 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $66,601 | $41,875 |
New Jersey vs Mississippi Sales Tax Comparison
New Jersey | Mississippi | |
Average State Sales Tax | 6.63% | 7.00% |
Average Local Sales Tax Across the State | -0.03% | 0.07% |
Average Combined Sales Tax Rate | 6.60% | 7.07% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,124 | $2,765 |
Maximum Disposable Income Based on Median Household Income | $62,478 | $39,110 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
New Jersey | Mississippi | |
Income Tax Owed | $3,723 | $4,325 |
After Tax Income | $36,277 | $35,675 |
Income After Income & Property Tax | $27,314 | $34,729 |
Maximum Disposable Income After Income, Property & Sales Taxes | $25,623 | $32,436 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
New Jersey | Mississippi | |
Income Tax Owed | $7,736 | $8,253 |
After Tax Income | $52,264 | $51,747 |
Income After Income & Property Tax | $43,301 | $50,801 |
Maximum Disposable Income After Income, Property & Sales Taxes | $40,620 | $47,447 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
New Jersey | Mississippi | |
Income Tax Owed | $13,276 | $13,653 |
After Tax Income | $66,724 | $66,347 |
Income After Income & Property Tax | $57,761 | $65,401 |
Maximum Disposable Income After Income, Property & Sales Taxes | $54,185 | $61,082 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
New Jersey | Mississippi | |
Income Tax Owed | $18,950 | $19,053 |
After Tax Income | $81,050 | $80,947 |
Income After Income & Property Tax | $72,087 | $80,001 |
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 | Mississippi | |
Income Tax Owed | $11,121 | $12,351 |
After Tax Income | $88,879 | $87,649 |
Income After Income & Property Tax | $79,916 | $86,703 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,968 | $80,978 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
New Jersey | Mississippi | |
Income Tax Owed | $23,941 | $24,906 |
After Tax Income | $126,059 | $125,094 |
Income After Income & Property Tax | $117,096 | $124,148 |
Maximum Disposable Income After Income, Property & Sales Taxes | $109,846 | $115,950 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
New Jersey | Mississippi | |
Income Tax Owed | $38,109 | $38,406 |
After Tax Income | $161,891 | $161,594 |
Income After Income & Property Tax | $152,928 | $160,648 |
Maximum Disposable Income After Income, Property & Sales Taxes | $143,460 | $150,040 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
New Jersey | Mississippi | |
Income Tax Owed | $53,213 | $52,825 |
After Tax Income | $196,787 | $197,175 |
Income After Income & Property Tax | $187,824 | $196,229 |
Maximum Disposable Income After Income, Property & Sales Taxes | $176,195 | $183,272 |
FAQ
Does New Jersey or Mississippi have lower income taxes?
New Jersey’s income tax falls into the following range:
- 4.00%: $5,000-$10,000
- 5.00%: $10,001+
Whereas Mississippi’s income tax is the following
Does New Jersey or Mississippi have lower property taxes?
New Jersey has an average property tax rate of 1.79%
In comparison, Mississippi has an average property tax rate of 0.55%
Does New Jersey or Mississippi 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, 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%.
Do you get to keep more money in New Jersey or Mississippi?
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, Mississippi gives you $39,110.
More Comparisons:
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New Jersey vs Nebraska
New Jersey vs Idaho
New Jersey vs West Virginia
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