South Dakota vs Wyoming Taxes: Income, Property & Sales

Does South Dakota or Wyoming have lower taxes? We answer that in a variety of ways below:

South Dakota vs Wyoming Income Tax Comparison

	South Dakota	Wyoming
Income Tax Rates & Thresholds	None	None
Median Income	$67,180	$73,090
Income Tax Paid On Median Household Income	$7,547	$8,848
Income After Tax Based on Median Household Income	$59,633	$64,242

Top Accounting Software:

South Dakota vs Wyoming Property Tax Comparison

	South Dakota	Wyoming
Average Property Tax Rate	1.03%	0.64%
Average House Price By State	$296,811	$337,102
Average Property Tax Owed Per Year	$3,057	$2,157
Income After Income Taxes & Property Taxes Based On Median State Household Income	$56,576	$62,085

South Dakota vs Wyoming Sales Tax Comparison

	South Dakota	Wyoming
Average State Sales Tax	4.50%	4.00%
Average Local Sales Tax Across the State	1.90%	1.22%
Average Combined Sales Tax Rate	6.40%	5.22%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,403	$3,080
Maximum Disposable Income Based on Median Household Income	$53,173	$59,005

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

	South Dakota	Wyoming
Income Tax Owed	$3,040	$3,040
After Tax Income	$36,960	$36,960
Income After Income & Property Tax	$33,903	$34,803
Maximum Disposable Income After Income, Property & Sales Taxes	$31,864	$33,076

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

	South Dakota	Wyoming
Income Tax Owed	$5,968	$5,968
After Tax Income	$54,032	$54,032
Income After Income & Property Tax	$50,975	$51,875
Maximum Disposable Income After Income, Property & Sales Taxes	$47,909	$49,301

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

	South Dakota	Wyoming
Income Tax Owed	$10,368	$10,368
After Tax Income	$69,632	$69,632
Income After Income & Property Tax	$66,575	$67,475
Maximum Disposable Income After Income, Property & Sales Taxes	$62,570	$64,127

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

	South Dakota	Wyoming
Income Tax Owed	$14,768	$14,768
After Tax Income	$85,232	$85,232
Income After Income & Property Tax	$82,175	$83,075
Maximum Disposable Income After Income, Property & Sales Taxes	$77,232	$78,953

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

	South Dakota	Wyoming
Income Tax Owed	$8,481	$8,481
After Tax Income	$91,519	$91,519
Income After Income & Property Tax	$88,462	$89,362
Maximum Disposable Income After Income, Property & Sales Taxes	$83,141	$84,928

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

	South Dakota	Wyoming
Income Tax Owed	$18,536	$18,536
After Tax Income	$131,464	$131,464
Income After Income & Property Tax	$128,407	$129,307
Maximum Disposable Income After Income, Property & Sales Taxes	$120,683	$122,892

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

	South Dakota	Wyoming
Income Tax Owed	$29,536	$29,536
After Tax Income	$170,464	$170,464
Income After Income & Property Tax	$167,407	$168,307
Maximum Disposable Income After Income, Property & Sales Taxes	$157,337	$159,957

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

	South Dakota	Wyoming
Income Tax Owed	$41,455	$41,455
After Tax Income	$208,545	$208,545
Income After Income & Property Tax	$205,488	$206,388
Maximum Disposable Income After Income, Property & Sales Taxes	$193,128	$196,149

FAQ

Does South Dakota or Wyoming have lower income taxes?

South Dakota’s income tax falls into the following range: None

Whereas Wyoming’s income tax is the following None

Does South Dakota or Wyoming have lower property taxes?

South Dakota has an average property tax rate of 1.03%

In comparison, Wyoming has an average property tax rate of 0.64%

Does South Dakota or Wyoming have lower sales taxes?

South Dakota has a state sales tax rate of 4.50% and an average local rate of 1.90% for a combined total rate of 6.40%.

In contrast, Wyoming has a state sales tax rate of 4.00% and an average local rate of 1.22% for a combined total rate of 5.22%.

Do you get to keep more money in South Dakota or Wyoming?

Based on median household income after income, property and sales taxes South Dakota gives you a maximum amount of disposable income of $53,173

In comparison, Wyoming gives you $59,005.

More Comparisons:

North Dakota vs Alaska
North Dakota vs Washington DC
North Dakota vs Vermont
North Dakota vs Wyoming
Alaska vs Washington DC

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/