New York vs Iowa Taxes: Income, Property & Sales

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

New York vs Iowa Income Tax Comparison

	New York	Iowa
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	0.33%: $0-$1,743 0.67%: $1,744-$3,486 2.25%: $3,487-$6972 4.14%: $6,973-$15,687 5.63%: $15,688-$26,145 5.96%: $26,146-$34,860 6.25%: $34,861-$52,290 7.44%: $52,291-$78,435 8.53%: $78,436+
Median Income	$75,910	$76,320
Income Tax Paid On Median Household Income	$13,227	$13,833
Income After Tax Based on Median Household Income	$62,683	$62,487

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New York vs Iowa Property Tax Comparison

	New York	Iowa
Average Property Tax Rate	1.26%	1.25%
Average House Price By State	$421,274	$215,458
Average Property Tax Owed Per Year	$5,308	$2,693
Income After Income Taxes & Property Taxes Based On Median State Household Income	$57,375	$59,794

New York vs Iowa Sales Tax Comparison

	New York	Iowa
Average State Sales Tax	4.00%	6.00%
Average Local Sales Tax Across the State	4.52%	0.94%
Average Combined Sales Tax Rate	8.52%	6.94%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,505	$3,880
Maximum Disposable Income Based on Median Household Income	$52,870	$55,913

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

	New York	Iowa
Income Tax Owed	$4,699	$4,786
After Tax Income	$35,301	$35,214
Income After Income & Property Tax	$29,993	$32,521
Maximum Disposable Income After Income, Property & Sales Taxes	$27,638	$30,410

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

	New York	Iowa
Income Tax Owed	$8,796	$9,028
After Tax Income	$51,204	$50,972
Income After Income & Property Tax	$45,896	$48,279
Maximum Disposable Income After Income, Property & Sales Taxes	$42,293	$45,146

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

	New York	Iowa
Income Tax Owed	$14,366	$14,916
After Tax Income	$65,634	$65,084
Income After Income & Property Tax	$60,326	$62,391
Maximum Disposable Income After Income, Property & Sales Taxes	$55,590	$58,342

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

	New York	Iowa
Income Tax Owed	$19,982	$21,015
After Tax Income	$80,018	$78,985
Income After Income & Property Tax	$74,710	$76,292
Maximum Disposable Income After Income, Property & Sales Taxes	$68,844	$71,341

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

	New York	Iowa
Income Tax Owed	$12,962	$14,448
After Tax Income	$87,038	$85,552
Income After Income & Property Tax	$81,730	$82,859
Maximum Disposable Income After Income, Property & Sales Taxes	$75,313	$77,482

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

	New York	Iowa
Income Tax Owed	$25,942	$28,768
After Tax Income	$124,058	$121,232
Income After Income & Property Tax	$118,750	$118,539
Maximum Disposable Income After Income, Property & Sales Taxes	$109,427	$110,846

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

	New York	Iowa
Income Tax Owed	$39,956	$44,033
After Tax Income	$160,044	$155,967
Income After Income & Property Tax	$154,736	$153,274
Maximum Disposable Income After Income, Property & Sales Taxes	$142,587	$143,327

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

	New York	Iowa
Income Tax Owed	$55,000	$60,217
After Tax Income	$195,000	$189,783
Income After Income & Property Tax	$189,692	$187,090
Maximum Disposable Income After Income, Property & Sales Taxes	$174,799	$174,948

FAQ

Does New York or Iowa 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 Iowa’s income tax is the following

• 0.33%: $0-$1,743
• 0.67%: $1,744-$3,486
• 2.25%: $3,487-$6972
• 4.14%: $6,973-$15,687
• 5.63%: $15,688-$26,145
• 5.96%: $26,146-$34,860
• 6.25%: $34,861-$52,290
• 7.44%: $52,291-$78,435
• 8.53%: $78,436+

Does New York or Iowa have lower property taxes?

New York has an average property tax rate of 1.26%

In comparison, Iowa has an average property tax rate of 1.25%

Does New York or Iowa 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, Iowa has a state sales tax rate of 6.00% and an average local rate of 0.94% for a combined total rate of 6.94%.

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

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, Iowa gives you $55,913.

More Comparisons:

New York vs Nevada
New York vs Arkansas
New York vs Mississippi
New York vs Kansas
New York vs New Mexico

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/