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

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

New York vs South Carolina Income Tax Comparison

	New York	South 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	0.00%: $0-$3,200 3.00%: $3,201-$16,040 6.50%: $16,041+
Median Income	$75,910	$61,770
Income Tax Paid On Median Household Income	$13,227	$9,230
Income After Tax Based on Median Household Income	$62,683	$52,540

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New York vs South Carolina Property Tax Comparison

	New York	South Carolina
Average Property Tax Rate	1.26%	0.46%
Average House Price By State	$421,274	$289,791
Average Property Tax Owed Per Year	$5,308	$1,333
Income After Income Taxes & Property Taxes Based On Median State Household Income	$57,375	$51,207

New York vs South Carolina Sales Tax Comparison

	New York	South Carolina
Average State Sales Tax	4.00%	6.00%
Average Local Sales Tax Across the State	4.52%	1.44%
Average Combined Sales Tax Rate	8.52%	7.44%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,505	$3,546
Maximum Disposable Income Based on Median Household Income	$52,870	$47,661

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

	New York	South Carolina
Income Tax Owed	$4,699	$4,389
After Tax Income	$35,301	$35,611
Income After Income & Property Tax	$29,993	$34,278
Maximum Disposable Income After Income, Property & Sales Taxes	$27,638	$31,904

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

	New York	South Carolina
Income Tax Owed	$8,796	$8,716
After Tax Income	$51,204	$51,284
Income After Income & Property Tax	$45,896	$49,951
Maximum Disposable Income After Income, Property & Sales Taxes	$42,293	$46,492

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

	New York	South Carolina
Income Tax Owed	$14,366	$14,516
After Tax Income	$65,634	$65,484
Income After Income & Property Tax	$60,326	$64,151
Maximum Disposable Income After Income, Property & Sales Taxes	$55,590	$59,709

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

	New York	South Carolina
Income Tax Owed	$19,982	$20,316
After Tax Income	$80,018	$79,684
Income After Income & Property Tax	$74,710	$78,351
Maximum Disposable Income After Income, Property & Sales Taxes	$68,844	$72,925

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

	New York	South Carolina
Income Tax Owed	$12,962	$13,123
After Tax Income	$87,038	$86,877
Income After Income & Property Tax	$81,730	$85,544
Maximum Disposable Income After Income, Property & Sales Taxes	$75,313	$79,620

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

	New York	South Carolina
Income Tax Owed	$25,942	$26,678
After Tax Income	$124,058	$123,322
Income After Income & Property Tax	$118,750	$121,989
Maximum Disposable Income After Income, Property & Sales Taxes	$109,427	$113,541

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

	New York	South Carolina
Income Tax Owed	$39,956	$41,178
After Tax Income	$160,044	$158,822
Income After Income & Property Tax	$154,736	$157,489
Maximum Disposable Income After Income, Property & Sales Taxes	$142,587	$146,583

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

	New York	South Carolina
Income Tax Owed	$55,000	$56,597
After Tax Income	$195,000	$193,403
Income After Income & Property Tax	$189,692	$192,070
Maximum Disposable Income After Income, Property & Sales Taxes	$174,799	$178,770

FAQ

Does New York or South 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 South Carolina’s income tax is the following

• 0.00%: $0-$3,200
• 3.00%: $3,201-$16,040
• 6.50%: $16,041+

Does New York or South Carolina have lower property taxes?

New York has an average property tax rate of 1.26%

In comparison, South Carolina has an average property tax rate of 0.46%

Does New York or South 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, South Carolina has a state sales tax rate of 6.00% and an average local rate of 1.44% for a combined total rate of 7.44%.

Do you get to keep more money in New York or South 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, South Carolina gives you $47,661.

More Comparisons:

New York vs Alabama
New York vs Louisiana
New York vs Kentucky
New York vs Oregon
New York vs Oklahoma

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/