New York vs Connecticut Taxes: Income, Property & Sales

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

New York vs Connecticut Income Tax Comparison

	New York	Connecticut
Income Tax Rates & Thresholds	4.00%: $0-$8,500 4.50%: $8,501-$11,700 5.25%: $11,701-$13,900 5.85%: $13,901-$80,650 6.25%: $80,651-$215,400 6.85%: $215,401-$1,077,550 9.65%: $1,077,551-$5,000,000 10.30%: $5,000,001-$25,000,000 10.90%: $25,000,001	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	$75,910	$90,730
Income Tax Paid On Median Household Income	$13,227	$16,444
Income After Tax Based on Median Household Income	$62,683	$74,286

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New York vs Connecticut Property Tax Comparison

	New York	Connecticut
Average Property Tax Rate	1.26%	1.57%
Average House Price By State	$421,274	$401,285
Average Property Tax Owed Per Year	$5,308	$6,300
Income After Income Taxes & Property Taxes Based On Median State Household Income	$57,375	$67,986

New York vs Connecticut Sales Tax Comparison

	New York	Connecticut
Average State Sales Tax	4.00%	6.35%
Average Local Sales Tax Across the State	4.52%	0.00%
Average Combined Sales Tax Rate	8.52%	6.35%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,505	$4,059
Maximum Disposable Income Based on Median Household Income	$52,870	$63,926

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

	New York	Connecticut
Income Tax Owed	$4,699	$4,090
After Tax Income	$35,301	$35,910
Income After Income & Property Tax	$29,993	$29,610
Maximum Disposable Income After Income, Property & Sales Taxes	$27,638	$27,842

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

	New York	Connecticut
Income Tax Owed	$8,796	$8,018
After Tax Income	$51,204	$51,982
Income After Income & Property Tax	$45,896	$45,682
Maximum Disposable Income After Income, Property & Sales Taxes	$42,293	$42,954

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

	New York	Connecticut
Income Tax Owed	$14,366	$13,493
After Tax Income	$65,634	$66,507
Income After Income & Property Tax	$60,326	$60,207
Maximum Disposable Income After Income, Property & Sales Taxes	$55,590	$56,612

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

	New York	Connecticut
Income Tax Owed	$19,982	$18,993
After Tax Income	$80,018	$81,007
Income After Income & Property Tax	$74,710	$74,707
Maximum Disposable Income After Income, Property & Sales Taxes	$68,844	$70,246

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

	New York	Connecticut
Income Tax Owed	$12,962	$11,881
After Tax Income	$87,038	$88,119
Income After Income & Property Tax	$81,730	$81,819
Maximum Disposable Income After Income, Property & Sales Taxes	$75,313	$76,934

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

	New York	Connecticut
Income Tax Owed	$25,942	$24,566
After Tax Income	$124,058	$125,434
Income After Income & Property Tax	$118,750	$119,134
Maximum Disposable Income After Income, Property & Sales Taxes	$109,427	$112,021

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

	New York	Connecticut
Income Tax Owed	$39,956	$38,316
After Tax Income	$160,044	$161,684
Income After Income & Property Tax	$154,736	$155,384
Maximum Disposable Income After Income, Property & Sales Taxes	$142,587	$146,106

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

	New York	Connecticut
Income Tax Owed	$55,000	$53,115
After Tax Income	$195,000	$196,885
Income After Income & Property Tax	$189,692	$190,585
Maximum Disposable Income After Income, Property & Sales Taxes	$174,799	$179,205

FAQ

Does New York or Connecticut have lower income taxes?

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

• 4.00%: $0-$8,500
• 4.50%: $8,501-$11,700
• 5.25%: $11,701-$13,900
• 5.85%: $13,901-$80,650
• 6.25%: $80,651-$215,400
• 6.85%: $215,401-$1,077,550
• 9.65%: $1,077,551-$5,000,000
• 10.30%: $5,000,001-$25,000,000
• 10.90%: $25,000,001

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 York or Connecticut have lower property taxes?

New York has an average property tax rate of 1.26%

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

Does New York or Connecticut have lower sales taxes?

New York has a state sales tax rate of 4.00% and an average local rate of 4.52% for a combined total rate of 8.52%.

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 York or Connecticut?

Based on median household income after income, property and sales taxes New York gives you a maximum amount of disposable income of $52,870

In comparison, Connecticut gives you $63,926.

More Comparisons:

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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/