Oklahoma vs Mississippi Taxes: Income, Property & Sales

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

Oklahoma vs Mississippi Income Tax Comparison

	Oklahoma	Mississippi
Income Tax Rates & Thresholds	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+	4.00%: $5,000-$10,000 5.00%: $10,001+
Median Income	$63,440	$48,610
Income Tax Paid On Median Household Income	$9,200	$5,789
Income After Tax Based on Median Household Income	$54,240	$42,821

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Oklahoma vs Mississippi Property Tax Comparison

	Oklahoma	Mississippi
Average Property Tax Rate	0.76%	0.55%
Average House Price By State	$200,203	$171,998
Average Property Tax Owed Per Year	$1,522	$946
Income After Income Taxes & Property Taxes Based On Median State Household Income	$52,718	$41,875

Oklahoma vs Mississippi Sales Tax Comparison

	Oklahoma	Mississippi
Average State Sales Tax	4.50%	7.00%
Average Local Sales Tax Across the State	4.47%	0.07%
Average Combined Sales Tax Rate	8.97%	7.07%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,340	$2,765
Maximum Disposable Income Based on Median Household Income	$48,379	$39,110

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

	Oklahoma	Mississippi
Income Tax Owed	$4,403	$4,325
After Tax Income	$35,597	$35,675
Income After Income & Property Tax	$34,075	$34,729
Maximum Disposable Income After Income, Property & Sales Taxes	$31,270	$32,436

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

	Oklahoma	Mississippi
Income Tax Owed	$8,280	$8,253
After Tax Income	$51,720	$51,747
Income After Income & Property Tax	$50,198	$50,801
Maximum Disposable Income After Income, Property & Sales Taxes	$46,066	$47,447

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

	Oklahoma	Mississippi
Income Tax Owed	$13,630	$13,653
After Tax Income	$66,370	$66,347
Income After Income & Property Tax	$64,848	$65,401
Maximum Disposable Income After Income, Property & Sales Taxes	$59,510	$61,082

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

	Oklahoma	Mississippi
Income Tax Owed	$18,980	$19,053
After Tax Income	$81,020	$80,947
Income After Income & Property Tax	$79,498	$80,001
Maximum Disposable Income After Income, Property & Sales Taxes	$72,954	$74,718

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

	Oklahoma	Mississippi
Income Tax Owed	$12,178	$12,351
After Tax Income	$87,822	$87,649
Income After Income & Property Tax	$86,300	$86,703
Maximum Disposable Income After Income, Property & Sales Taxes	$79,197	$80,978

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

	Oklahoma	Mississippi
Income Tax Owed	$24,608	$24,906
After Tax Income	$125,392	$125,094
Income After Income & Property Tax	$123,870	$124,148
Maximum Disposable Income After Income, Property & Sales Taxes	$113,674	$115,950

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

	Oklahoma	Mississippi
Income Tax Owed	$37,983	$38,406
After Tax Income	$162,017	$161,594
Income After Income & Property Tax	$160,495	$160,648
Maximum Disposable Income After Income, Property & Sales Taxes	$147,284	$150,040

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

	Oklahoma	Mississippi
Income Tax Owed	$52,277	$52,825
After Tax Income	$197,723	$197,175
Income After Income & Property Tax	$196,201	$196,229
Maximum Disposable Income After Income, Property & Sales Taxes	$180,051	$183,272

FAQ

Does Oklahoma or Mississippi have lower income taxes?

Oklahoma’s income tax falls into the following range:

• 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+

Whereas Mississippi’s income tax is the following

• 4.00%: $5,000-$10,000
• 5.00%: $10,001+

Does Oklahoma or Mississippi have lower property taxes?

Oklahoma has an average property tax rate of 0.76%

In comparison, Mississippi has an average property tax rate of 0.55%

Does Oklahoma or Mississippi have lower sales taxes?

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%.

In contrast, Mississippi has a state sales tax rate of 7.00% and an average local rate of 0.07% for a combined total rate of 7.07%.

Do you get to keep more money in Oklahoma or Mississippi?

Based on median household income after income, property and sales taxes Oklahoma gives you a maximum amount of disposable income of $48,379

In comparison, Mississippi gives you $39,110.

More Comparisons:

Oklahoma vs Kansas
Oklahoma vs New Mexico
Oklahoma vs Nebraska
Oklahoma vs Idaho
Oklahoma vs West Virginia

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/