Tennessee vs Mississippi Taxes: Income, Property & Sales

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

Tennessee vs Mississippi Income Tax Comparison

	Tennessee	Mississippi
Income Tax Rates & Thresholds	None	4.00%: $5,000-$10,000 5.00%: $10,001+
Median Income	$65,380	$48,610
Income Tax Paid On Median Household Income	$7,151	$5,789
Income After Tax Based on Median Household Income	$58,229	$42,821

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Tennessee vs Mississippi Property Tax Comparison

	Tennessee	Mississippi
Average Property Tax Rate	0.42%	0.55%
Average House Price By State	$310,782	$171,998
Average Property Tax Owed Per Year	$1,305	$946
Income After Income Taxes & Property Taxes Based On Median State Household Income	$56,924	$41,875

Tennessee vs Mississippi Sales Tax Comparison

	Tennessee	Mississippi
Average State Sales Tax	7.00%	7.00%
Average Local Sales Tax Across the State	2.55%	0.07%
Average Combined Sales Tax Rate	9.55%	7.07%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,962	$2,765
Maximum Disposable Income Based on Median Household Income	$51,961	$39,110

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

	Tennessee	Mississippi
Income Tax Owed	$3,040	$4,325
After Tax Income	$36,960	$35,675
Income After Income & Property Tax	$35,655	$34,729
Maximum Disposable Income After Income, Property & Sales Taxes	$32,547	$32,436

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

	Tennessee	Mississippi
Income Tax Owed	$5,968	$8,253
After Tax Income	$54,032	$51,747
Income After Income & Property Tax	$52,727	$50,801
Maximum Disposable Income After Income, Property & Sales Taxes	$48,130	$47,447

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

	Tennessee	Mississippi
Income Tax Owed	$10,368	$13,653
After Tax Income	$69,632	$66,347
Income After Income & Property Tax	$68,327	$65,401
Maximum Disposable Income After Income, Property & Sales Taxes	$62,370	$61,082

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

	Tennessee	Mississippi
Income Tax Owed	$14,768	$19,053
After Tax Income	$85,232	$80,947
Income After Income & Property Tax	$83,927	$80,001
Maximum Disposable Income After Income, Property & Sales Taxes	$76,610	$74,718

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

	Tennessee	Mississippi
Income Tax Owed	$8,481	$12,351
After Tax Income	$91,519	$87,649
Income After Income & Property Tax	$90,214	$86,703
Maximum Disposable Income After Income, Property & Sales Taxes	$82,349	$80,978

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

	Tennessee	Mississippi
Income Tax Owed	$18,536	$24,906
After Tax Income	$131,464	$125,094
Income After Income & Property Tax	$130,159	$124,148
Maximum Disposable Income After Income, Property & Sales Taxes	$118,812	$115,950

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

	Tennessee	Mississippi
Income Tax Owed	$29,536	$38,406
After Tax Income	$170,464	$161,594
Income After Income & Property Tax	$169,159	$160,648
Maximum Disposable Income After Income, Property & Sales Taxes	$154,412	$150,040

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

	Tennessee	Mississippi
Income Tax Owed	$41,455	$52,825
After Tax Income	$208,545	$197,175
Income After Income & Property Tax	$207,240	$196,229
Maximum Disposable Income After Income, Property & Sales Taxes	$189,174	$183,272

FAQ

Does Tennessee or Mississippi have lower income taxes?

Tennessee’s income tax falls into the following range: None

Whereas Mississippi’s income tax is the following

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

Does Tennessee or Mississippi have lower property taxes?

Tennessee has an average property tax rate of 0.42%

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

Does Tennessee or Mississippi have lower sales taxes?

Tennessee has a state sales tax rate of 7.00% and an average local rate of 2.55% for a combined total rate of 9.55%.

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 Tennessee or Mississippi?

Based on median household income after income, property and sales taxes Tennessee gives you a maximum amount of disposable income of $51,961

In comparison, Mississippi gives you $39,110.

More Comparisons:

Tennessee vs Kansas
Tennessee vs New Mexico
Tennessee vs Nebraska
Tennessee vs Idaho
Tennessee 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/