New York vs North Carolina Taxes: Income, Property & Sales

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

New York vs North Carolina Income Tax Comparison

	New York	North Carolina
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	4.99%
Median Income	$75,910	$65,070
Income Tax Paid On Median Household Income	$13,227	$9,694
Income After Tax Based on Median Household Income	$62,683	$55,376

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New York vs North Carolina Property Tax Comparison

	New York	North Carolina
Average Property Tax Rate	1.26%	0.52%
Average House Price By State	$421,274	$321,447
Average Property Tax Owed Per Year	$5,308	$1,672
Income After Income Taxes & Property Taxes Based On Median State Household Income	$57,375	$53,704

New York vs North Carolina Sales Tax Comparison

	New York	North Carolina
Average State Sales Tax	4.00%	4.75%
Average Local Sales Tax Across the State	4.52%	2.23%
Average Combined Sales Tax Rate	8.52%	6.98%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,505	$3,504
Maximum Disposable Income Based on Median Household Income	$52,870	$50,200

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

	New York	North Carolina
Income Tax Owed	$4,699	$4,400
After Tax Income	$35,301	$35,600
Income After Income & Property Tax	$29,993	$33,928
Maximum Disposable Income After Income, Property & Sales Taxes	$27,638	$31,715

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

	New York	North Carolina
Income Tax Owed	$8,796	$8,326
After Tax Income	$51,204	$51,674
Income After Income & Property Tax	$45,896	$50,002
Maximum Disposable Income After Income, Property & Sales Taxes	$42,293	$46,740

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

	New York	North Carolina
Income Tax Owed	$14,366	$13,724
After Tax Income	$65,634	$66,276
Income After Income & Property Tax	$60,326	$64,604
Maximum Disposable Income After Income, Property & Sales Taxes	$55,590	$60,389

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

	New York	North Carolina
Income Tax Owed	$19,982	$19,122
After Tax Income	$80,018	$80,878
Income After Income & Property Tax	$74,710	$79,206
Maximum Disposable Income After Income, Property & Sales Taxes	$68,844	$74,039

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

	New York	North Carolina
Income Tax Owed	$12,962	$12,198
After Tax Income	$87,038	$87,802
Income After Income & Property Tax	$81,730	$86,130
Maximum Disposable Income After Income, Property & Sales Taxes	$75,313	$80,511

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

	New York	North Carolina
Income Tax Owed	$25,942	$24,748
After Tax Income	$124,058	$125,252
Income After Income & Property Tax	$118,750	$123,580
Maximum Disposable Income After Income, Property & Sales Taxes	$109,427	$115,517

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

	New York	North Carolina
Income Tax Owed	$39,956	$38,243
After Tax Income	$160,044	$161,757
Income After Income & Property Tax	$154,736	$160,085
Maximum Disposable Income After Income, Property & Sales Taxes	$142,587	$149,641

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

	New York	North Carolina
Income Tax Owed	$55,000	$52,657
After Tax Income	$195,000	$197,343
Income After Income & Property Tax	$189,692	$195,671
Maximum Disposable Income After Income, Property & Sales Taxes	$174,799	$182,905

FAQ

Does New York or North Carolina 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 North Carolina’s income tax is the following 4.99%

Does New York or North Carolina have lower property taxes?

New York has an average property tax rate of 1.26%

In comparison, North Carolina has an average property tax rate of 0.52%

Does New York or North Carolina 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, North Carolina has a state sales tax rate of 4.75% and an average local rate of 2.23% for a combined total rate of 6.98%.

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

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, North Carolina gives you $50,200.

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New York vs Virginia
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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/