New Jersey vs Oklahoma Taxes: Income, Property & Sales

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

New Jersey vs Oklahoma Income Tax Comparison

	New Jersey	Oklahoma
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+	0.25%: $0-$1,000 0.75%: $1,001-$2,500 1.75%: $2,501-$3,750 2.75%: $3,751-$4,900 3.75%: $4,901-$7,200 4.75%: $7,201+
Median Income	$92,340	$63,440
Income Tax Paid On Median Household Income	$16,776	$9,200
Income After Tax Based on Median Household Income	$75,564	$54,240

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New Jersey vs Oklahoma Property Tax Comparison

	New Jersey	Oklahoma
Average Property Tax Rate	1.79%	0.76%
Average House Price By State	$500,717	$200,203
Average Property Tax Owed Per Year	$8,963	$1,522
Income After Income Taxes & Property Taxes Based On Median State Household Income	$66,601	$52,718

New Jersey vs Oklahoma Sales Tax Comparison

	New Jersey	Oklahoma
Average State Sales Tax	6.63%	4.50%
Average Local Sales Tax Across the State	-0.03%	4.47%
Average Combined Sales Tax Rate	6.60%	8.97%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,124	$4,340
Maximum Disposable Income Based on Median Household Income	$62,478	$48,379

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

	New Jersey	Oklahoma
Income Tax Owed	$3,723	$4,403
After Tax Income	$36,277	$35,597
Income After Income & Property Tax	$27,314	$34,075
Maximum Disposable Income After Income, Property & Sales Taxes	$25,623	$31,270

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

	New Jersey	Oklahoma
Income Tax Owed	$7,736	$8,280
After Tax Income	$52,264	$51,720
Income After Income & Property Tax	$43,301	$50,198
Maximum Disposable Income After Income, Property & Sales Taxes	$40,620	$46,066

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

	New Jersey	Oklahoma
Income Tax Owed	$13,276	$13,630
After Tax Income	$66,724	$66,370
Income After Income & Property Tax	$57,761	$64,848
Maximum Disposable Income After Income, Property & Sales Taxes	$54,185	$59,510

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

	New Jersey	Oklahoma
Income Tax Owed	$18,950	$18,980
After Tax Income	$81,050	$81,020
Income After Income & Property Tax	$72,087	$79,498
Maximum Disposable Income After Income, Property & Sales Taxes	$67,624	$72,954

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

	New Jersey	Oklahoma
Income Tax Owed	$11,121	$12,178
After Tax Income	$88,879	$87,822
Income After Income & Property Tax	$79,916	$86,300
Maximum Disposable Income After Income, Property & Sales Taxes	$74,968	$79,197

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

	New Jersey	Oklahoma
Income Tax Owed	$23,941	$24,608
After Tax Income	$126,059	$125,392
Income After Income & Property Tax	$117,096	$123,870
Maximum Disposable Income After Income, Property & Sales Taxes	$109,846	$113,674

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

	New Jersey	Oklahoma
Income Tax Owed	$38,109	$37,983
After Tax Income	$161,891	$162,017
Income After Income & Property Tax	$152,928	$160,495
Maximum Disposable Income After Income, Property & Sales Taxes	$143,460	$147,284

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

	New Jersey	Oklahoma
Income Tax Owed	$53,213	$52,277
After Tax Income	$196,787	$197,723
Income After Income & Property Tax	$187,824	$196,201
Maximum Disposable Income After Income, Property & Sales Taxes	$176,195	$180,051

FAQ

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

• 0.25%: $0-$1,000
• 0.75%: $1,001-$2,500
• 1.75%: $2,501-$3,750
• 2.75%: $3,751-$4,900
• 3.75%: $4,901-$7,200
• 4.75%: $7,201+

Does New Jersey or Oklahoma have lower property taxes?

New Jersey has an average property tax rate of 1.79%

In comparison, Oklahoma has an average property tax rate of 0.76%

Does New Jersey or Oklahoma 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, Oklahoma has a state sales tax rate of 4.50% and an average local rate of 4.47% for a combined total rate of 8.97%.

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

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, Oklahoma gives you $48,379.

More Comparisons:

New Jersey vs Connecticut
New Jersey vs Utah
New Jersey vs Iowa
New Jersey vs Nevada
New Jersey vs Arkansas


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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/