New York vs Illinois Taxes: Income, Property & Sales

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

New York vs Illinois Income Tax Comparison

	New York	Illinois
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	4.95%
Median Income	$75,910	$78,020
Income Tax Paid On Median Household Income	$13,227	$13,677
Income After Tax Based on Median Household Income	$62,683	$64,343

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New York vs Illinois Property Tax Comparison

	New York	Illinois
Average Property Tax Rate	1.26%	1.78%
Average House Price By State	$421,274	$254,128
Average Property Tax Owed Per Year	$5,308	$4,523
Income After Income Taxes & Property Taxes Based On Median State Household Income	$57,375	$59,820

New York vs Illinois Sales Tax Comparison

	New York	Illinois
Average State Sales Tax	4.00%	6.25%
Average Local Sales Tax Across the State	4.52%	2.56%
Average Combined Sales Tax Rate	8.52%	8.81%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,505	$4,843
Maximum Disposable Income Based on Median Household Income	$52,870	$54,976

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

	New York	Illinois
Income Tax Owed	$4,699	$4,903
After Tax Income	$35,301	$35,097
Income After Income & Property Tax	$29,993	$30,574
Maximum Disposable Income After Income, Property & Sales Taxes	$27,638	$28,098

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

	New York	Illinois
Income Tax Owed	$8,796	$8,820
After Tax Income	$51,204	$51,180
Income After Income & Property Tax	$45,896	$46,657
Maximum Disposable Income After Income, Property & Sales Taxes	$42,293	$42,879

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

	New York	Illinois
Income Tax Owed	$14,366	$14,210
After Tax Income	$65,634	$65,790
Income After Income & Property Tax	$60,326	$61,267
Maximum Disposable Income After Income, Property & Sales Taxes	$55,590	$56,306

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

	New York	Illinois
Income Tax Owed	$19,982	$19,600
After Tax Income	$80,018	$80,400
Income After Income & Property Tax	$74,710	$75,877
Maximum Disposable Income After Income, Property & Sales Taxes	$68,844	$69,733

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

	New York	Illinois
Income Tax Owed	$12,962	$13,196
After Tax Income	$87,038	$86,804
Income After Income & Property Tax	$81,730	$82,281
Maximum Disposable Income After Income, Property & Sales Taxes	$75,313	$75,619

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

	New York	Illinois
Income Tax Owed	$25,942	$25,726
After Tax Income	$124,058	$124,274
Income After Income & Property Tax	$118,750	$119,751
Maximum Disposable Income After Income, Property & Sales Taxes	$109,427	$110,055

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

	New York	Illinois
Income Tax Owed	$39,956	$39,201
After Tax Income	$160,044	$160,799
Income After Income & Property Tax	$154,736	$156,276
Maximum Disposable Income After Income, Property & Sales Taxes	$142,587	$143,622

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

	New York	Illinois
Income Tax Owed	$55,000	$53,595
After Tax Income	$195,000	$196,405
Income After Income & Property Tax	$189,692	$191,882
Maximum Disposable Income After Income, Property & Sales Taxes	$174,799	$176,345

FAQ

Does New York or Illinois 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 Illinois’s income tax is the following 4.95%

Does New York or Illinois have lower property taxes?

New York has an average property tax rate of 1.26%

In comparison, Illinois has an average property tax rate of 1.78%

Does New York or Illinois 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, Illinois has a state sales tax rate of 6.25% and an average local rate of 2.56% for a combined total rate of 8.81%.

Do you get to keep more money in New York or Illinois?

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, Illinois gives you $54,976.

More Comparisons:

New York vs Ohio
New York vs Georgia
New York vs North Carolina
New York vs Michigan
New York vs New Jersey

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/