New York vs Oklahoma Taxes: Income, Property & Sales

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

New York vs Oklahoma Income Tax Comparison

	New York	Oklahoma
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	0.25%: $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	$75,910	$63,440
Income Tax Paid On Median Household Income	$13,227	$9,200
Income After Tax Based on Median Household Income	$62,683	$54,240

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New York vs Oklahoma Property Tax Comparison

	New York	Oklahoma
Average Property Tax Rate	1.26%	0.76%
Average House Price By State	$421,274	$200,203
Average Property Tax Owed Per Year	$5,308	$1,522
Income After Income Taxes & Property Taxes Based On Median State Household Income	$57,375	$52,718

New York vs Oklahoma Sales Tax Comparison

	New York	Oklahoma
Average State Sales Tax	4.00%	4.50%
Average Local Sales Tax Across the State	4.52%	4.47%
Average Combined Sales Tax Rate	8.52%	8.97%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,505	$4,340
Maximum Disposable Income Based on Median Household Income	$52,870	$48,379

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

	New York	Oklahoma
Income Tax Owed	$4,699	$4,403
After Tax Income	$35,301	$35,597
Income After Income & Property Tax	$29,993	$34,075
Maximum Disposable Income After Income, Property & Sales Taxes	$27,638	$31,270

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

	New York	Oklahoma
Income Tax Owed	$8,796	$8,280
After Tax Income	$51,204	$51,720
Income After Income & Property Tax	$45,896	$50,198
Maximum Disposable Income After Income, Property & Sales Taxes	$42,293	$46,066

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

	New York	Oklahoma
Income Tax Owed	$14,366	$13,630
After Tax Income	$65,634	$66,370
Income After Income & Property Tax	$60,326	$64,848
Maximum Disposable Income After Income, Property & Sales Taxes	$55,590	$59,510

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

	New York	Oklahoma
Income Tax Owed	$19,982	$18,980
After Tax Income	$80,018	$81,020
Income After Income & Property Tax	$74,710	$79,498
Maximum Disposable Income After Income, Property & Sales Taxes	$68,844	$72,954

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

	New York	Oklahoma
Income Tax Owed	$12,962	$12,178
After Tax Income	$87,038	$87,822
Income After Income & Property Tax	$81,730	$86,300
Maximum Disposable Income After Income, Property & Sales Taxes	$75,313	$79,197

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

	New York	Oklahoma
Income Tax Owed	$25,942	$24,608
After Tax Income	$124,058	$125,392
Income After Income & Property Tax	$118,750	$123,870
Maximum Disposable Income After Income, Property & Sales Taxes	$109,427	$113,674

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

	New York	Oklahoma
Income Tax Owed	$39,956	$37,983
After Tax Income	$160,044	$162,017
Income After Income & Property Tax	$154,736	$160,495
Maximum Disposable Income After Income, Property & Sales Taxes	$142,587	$147,284

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

	New York	Oklahoma
Income Tax Owed	$55,000	$52,277
After Tax Income	$195,000	$197,723
Income After Income & Property Tax	$189,692	$196,201
Maximum Disposable Income After Income, Property & Sales Taxes	$174,799	$180,051

FAQ

Does New York or Oklahoma 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 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 York or Oklahoma have lower property taxes?

New York has an average property tax rate of 1.26%

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

Does New York or Oklahoma 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, 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 York or Oklahoma?

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, Oklahoma gives you $48,379.

More Comparisons:

New York vs Connecticut
New York vs Utah
New York vs Iowa
New York vs Nevada
New York vs Arkansas

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/