Arkansas
Moderate tax burden · COL index 85
Wins 7 categories
New Jersey
Very High tax burden · COL index 121
Wins 6 categories
New Jersey's top income tax rate is 10.75% vs Arkansas's 3.9%. Cost of living in New Jersey (index 121) runs 42% higher than Arkansas (index 85). Property taxes are meaningfully different: New Jersey averages 2.13% annually vs Arkansas's 0.6%. The median home in New Jersey costs $500K vs $195K in Arkansas.
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Category wins
7
Arkansas
6
New Jersey
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What is the downfall of living in Arkansas?
Why are people moving away from New Jersey?
Is $100,000 a good salary in NJ?
In New Jersey, that translates to about $66,500 on the low end and $200,000 on the high end. A $100,000 salary sits comfortably in the lower part of that range, but the reality of living here tells a different story.
Is Arkansas a good place to live in?