New York vs New Jersey
On a $100,000 income and each state’s median home, New York costs about $4,010 less per year in state income and property tax combined.
Where the gap is widest
The largest difference between New York and New Jersey is state sales tax (4.00% vs 6.63%).
- State sales tax: New York is lower (4.00% vs 6.63%)
- Property tax on median home: New York is lower ($6,838 vs $10,998)
- Effective property tax: New York is lower (1.30% vs 1.88%)
- Median household income: New York is lower ($85,820 vs $104,294)
- Avg home insurance: New Jersey is lower ($1,801 vs $1,551)
Side by side
| Measure | New York | New Jersey | Which is higher |
|---|---|---|---|
| State sales tax | 4.00% | 6.63% | NJ higher |
| Property tax on median home | $6,838 | $10,998 | NJ higher |
| Effective property tax | 1.30% | 1.88% | NJ higher |
| Median household income | $85,820 | $104,294 | NJ higher |
| Avg home insurance | $1,801 | $1,551 | NY higher |
| Median home price | $526,000 | $585,000 | NJ higher |
| Median 2BR rent | $2,520 | $2,282 | NY higher |
| Minimum wage | $17.00 | $15.92 | NY higher |
| Cost of living index | 124.7 | 118.8 | NY higher |
| Max weekly unemployment | $869 | $905 | NJ higher |
| Top income tax rate | 10.90% | 10.75% | NY higher |
| Income tax on $100k | $10,900 | $10,750 | NY higher |
State income tax by income level
| Income | New York | New Jersey | Difference |
|---|---|---|---|
| $30,000 | $3,270 | $3,225 | +$45 |
| $40,000 | $4,360 | $4,300 | +$60 |
| $50,000 | $5,450 | $5,375 | +$75 |
| $60,000 | $6,540 | $6,450 | +$90 |
| $75,000 | $8,175 | $8,063 | +$113 |
| $90,000 | $9,810 | $9,675 | +$135 |
| $100,000 | $10,900 | $10,750 | +$150 |
| $125,000 | $13,625 | $13,438 | +$188 |
| $150,000 | $16,350 | $16,125 | +$225 |
| $175,000 | $19,075 | $18,813 | +$263 |
| $200,000 | $21,800 | $21,500 | +$300 |
| $250,000 | $27,250 | $26,875 | +$375 |
| $300,000 | $32,700 | $32,250 | +$450 |
| $400,000 | $43,600 | $43,000 | +$600 |
| $500,000 | $54,500 | $53,750 | +$750 |
Property tax by home value
| Home value | New York | New Jersey | Annual gap |
|---|---|---|---|
| $150,000 | $1,950 | $2,820 | $870 |
| $200,000 | $2,600 | $3,760 | $1,160 |
| $250,000 | $3,250 | $4,700 | $1,450 |
| $300,000 | $3,900 | $5,640 | $1,740 |
| $400,000 | $5,200 | $7,520 | $2,320 |
| $500,000 | $6,500 | $9,400 | $2,900 |
| $600,000 | $7,800 | $11,280 | $3,480 |
| $750,000 | $9,750 | $14,100 | $4,350 |
| $900,000 | $11,700 | $16,920 | $5,220 |
| $1,200,000 | $15,600 | $22,560 | $6,960 |
Cumulative difference over time
| Period | Total difference | Cheaper |
|---|---|---|
| 1 year | $4,010 | New York ahead |
| 2 years | $8,020 | New York ahead |
| 3 years | $12,030 | New York ahead |
| 5 years | $20,050 | New York ahead |
| 10 years | $40,100 | New York ahead |
Income tax figures apply each state’s top marginal rate as a simplification and exclude federal tax, local surtaxes and deductions. Property tax uses each state’s effective rate on its own median home. Sources.
Last reviewed 2026-08-26.