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

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

North Carolina vs New Jersey Income Tax Comparison

	North Carolina	New Jersey
Income Tax Rates & Thresholds	4.99%	1.40%: $0-$20,000 1.75%: $20,001-$35,000 3.50%: $35,001-$40,000 5.53%: $40,001-$75,000 6.37%: $75,001-$500,000 8.97%: $500,001-$1,000,000 10.75%: $1,000,001+
Median Income	$65,070	$92,340
Income Tax Paid On Median Household Income	$9,694	$16,776
Income After Tax Based on Median Household Income	$55,376	$75,564

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North Carolina vs New Jersey Property Tax Comparison

	North Carolina	New Jersey
Average Property Tax Rate	0.52%	1.79%
Average House Price By State	$321,447	$500,717
Average Property Tax Owed Per Year	$1,672	$8,963
Income After Income Taxes & Property Taxes Based On Median State Household Income	$53,704	$66,601

North Carolina vs New Jersey Sales Tax Comparison

	North Carolina	New Jersey
Average State Sales Tax	4.75%	6.63%
Average Local Sales Tax Across the State	2.23%	-0.03%
Average Combined Sales Tax Rate	6.98%	6.60%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,504	$4,124
Maximum Disposable Income Based on Median Household Income	$50,200	$62,478

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

	North Carolina	New Jersey
Income Tax Owed	$4,400	$3,723
After Tax Income	$35,600	$36,277
Income After Income & Property Tax	$33,928	$27,314
Maximum Disposable Income After Income, Property & Sales Taxes	$31,715	$25,623

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

	North Carolina	New Jersey
Income Tax Owed	$8,326	$7,736
After Tax Income	$51,674	$52,264
Income After Income & Property Tax	$50,002	$43,301
Maximum Disposable Income After Income, Property & Sales Taxes	$46,740	$40,620

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

	North Carolina	New Jersey
Income Tax Owed	$13,724	$13,276
After Tax Income	$66,276	$66,724
Income After Income & Property Tax	$64,604	$57,761
Maximum Disposable Income After Income, Property & Sales Taxes	$60,389	$54,185

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

	North Carolina	New Jersey
Income Tax Owed	$19,122	$18,950
After Tax Income	$80,878	$81,050
Income After Income & Property Tax	$79,206	$72,087
Maximum Disposable Income After Income, Property & Sales Taxes	$74,039	$67,624

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

	North Carolina	New Jersey
Income Tax Owed	$12,198	$11,121
After Tax Income	$87,802	$88,879
Income After Income & Property Tax	$86,130	$79,916
Maximum Disposable Income After Income, Property & Sales Taxes	$80,511	$74,968

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

	North Carolina	New Jersey
Income Tax Owed	$24,748	$23,941
After Tax Income	$125,252	$126,059
Income After Income & Property Tax	$123,580	$117,096
Maximum Disposable Income After Income, Property & Sales Taxes	$115,517	$109,846

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

	North Carolina	New Jersey
Income Tax Owed	$38,243	$38,109
After Tax Income	$161,757	$161,891
Income After Income & Property Tax	$160,085	$152,928
Maximum Disposable Income After Income, Property & Sales Taxes	$149,641	$143,460

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

	North Carolina	New Jersey
Income Tax Owed	$52,657	$53,213
After Tax Income	$197,343	$196,787
Income After Income & Property Tax	$195,671	$187,824
Maximum Disposable Income After Income, Property & Sales Taxes	$182,905	$176,195

FAQ

Does North Carolina or New Jersey have lower income taxes?

North Carolina’s income tax falls into the following range: 4.99%

Whereas New Jersey’s income tax is the following

1.40%: $0-$20,000

1.75%: $20,001-$35,000

3.50%: $35,001-$40,000

5.53%: $40,001-$75,000

6.37%: $75,001-$500,000

8.97%: $500,001-$1,000,000

10.75%: $1,000,001+

Does North Carolina or New Jersey have lower property taxes?

North Carolina has an average property tax rate of 0.52%

In comparison, New Jersey has an average property tax rate of 1.79%

Does North Carolina or New Jersey have lower sales taxes?

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%.

In contrast, New Jersey has a state sales tax rate of 6.63% and an average local rate of -0.03% for a combined total rate of 6.60%.

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

Based on median household income after income, property and sales taxes North Carolina gives you a maximum amount of disposable income of $50,200

In comparison, New Jersey gives you $62,478.

More Comparisons:

North Carolina vs Virginia
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North Carolina vs Tennessee
North Carolina vs Massachusetts


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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/