Tennessee vs Wyoming Taxes: Income, Property & Sales

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

Tennessee vs Wyoming Income Tax Comparison

	Tennessee	Wyoming
Income Tax Rates & Thresholds	None	None
Median Income	$65,380	$73,090
Income Tax Paid On Median Household Income	$7,151	$8,848
Income After Tax Based on Median Household Income	$58,229	$64,242

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Tennessee vs Wyoming Property Tax Comparison

	Tennessee	Wyoming
Average Property Tax Rate	0.42%	0.64%
Average House Price By State	$310,782	$337,102
Average Property Tax Owed Per Year	$1,305	$2,157
Income After Income Taxes & Property Taxes Based On Median State Household Income	$56,924	$62,085

Tennessee vs Wyoming Sales Tax Comparison

	Tennessee	Wyoming
Average State Sales Tax	7.00%	4.00%
Average Local Sales Tax Across the State	2.55%	1.22%
Average Combined Sales Tax Rate	9.55%	5.22%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,962	$3,080
Maximum Disposable Income Based on Median Household Income	$51,961	$59,005

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

	Tennessee	Wyoming
Income Tax Owed	$3,040	$3,040
After Tax Income	$36,960	$36,960
Income After Income & Property Tax	$35,655	$34,803
Maximum Disposable Income After Income, Property & Sales Taxes	$32,547	$33,076

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

	Tennessee	Wyoming
Income Tax Owed	$5,968	$5,968
After Tax Income	$54,032	$54,032
Income After Income & Property Tax	$52,727	$51,875
Maximum Disposable Income After Income, Property & Sales Taxes	$48,130	$49,301

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

	Tennessee	Wyoming
Income Tax Owed	$10,368	$10,368
After Tax Income	$69,632	$69,632
Income After Income & Property Tax	$68,327	$67,475
Maximum Disposable Income After Income, Property & Sales Taxes	$62,370	$64,127

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

	Tennessee	Wyoming
Income Tax Owed	$14,768	$14,768
After Tax Income	$85,232	$85,232
Income After Income & Property Tax	$83,927	$83,075
Maximum Disposable Income After Income, Property & Sales Taxes	$76,610	$78,953

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

	Tennessee	Wyoming
Income Tax Owed	$8,481	$8,481
After Tax Income	$91,519	$91,519
Income After Income & Property Tax	$90,214	$89,362
Maximum Disposable Income After Income, Property & Sales Taxes	$82,349	$84,928

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

	Tennessee	Wyoming
Income Tax Owed	$18,536	$18,536
After Tax Income	$131,464	$131,464
Income After Income & Property Tax	$130,159	$129,307
Maximum Disposable Income After Income, Property & Sales Taxes	$118,812	$122,892

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

	Tennessee	Wyoming
Income Tax Owed	$29,536	$29,536
After Tax Income	$170,464	$170,464
Income After Income & Property Tax	$169,159	$168,307
Maximum Disposable Income After Income, Property & Sales Taxes	$154,412	$159,957

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

	Tennessee	Wyoming
Income Tax Owed	$41,455	$41,455
After Tax Income	$208,545	$208,545
Income After Income & Property Tax	$207,240	$206,388
Maximum Disposable Income After Income, Property & Sales Taxes	$189,174	$196,149

FAQ

Does Tennessee or Wyoming have lower income taxes?

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

Whereas Wyoming’s income tax is the following None

Does Tennessee or Wyoming have lower property taxes?

Tennessee has an average property tax rate of 0.42%

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

Does Tennessee or Wyoming 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, 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 Tennessee or Wyoming?

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, Wyoming gives you $59,005.

More Comparisons:

Massachusetts vs Indiana
Massachusetts vs Missouri
Massachusetts vs Maryland
Massachusetts vs Wisconsin
Massachusetts vs Colorado

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/