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Georgia vs New Jersey: taxes, cost of living, laws

Georgia

Moderate tax burden · COL index 91

Wins 7 categories

VS

New Jersey

High tax burden · COL index 121

Wins 7 categories

New Jersey's top income tax rate is 10.75% vs Georgia's 5.49%. Cost of living in New Jersey (index 121) runs 33% higher than Georgia (index 91). Property taxes are meaningfully different: New Jersey averages 2.13% annually vs Georgia's 0.81%. The median home in New Jersey costs $500K vs $340K in Georgia.

Georgia
New Jersey

Taxes

5.49%
Income Tax (top rate)
10.75%
0.81%/yr
Property Tax Rate
2.13%/yr
7.35%
Sales Tax (avg)
6.6%
Yes
Social Security Tax
Yes
Yes
Estate Tax
Yes
As income
Capital Gains Tax
As income

Housing & Cost of Living

91
COL Index (100=avg)
121
$340K
Median Home Price
$500K
$1,600/mo
Median Rent (2BR/mo)
$2,200/mo
$2K/yr
Home Insurance (avg/yr)
$1K/yr

Crime & Safety

499
Violent Crime / 100K
213
2,212
Property Crime / 100K
1,368
233
Sex Offenders / 100K
51
110
Homeless / 100K
134

Healthcare

#37 of 50
Healthcare Quality Rank
#19 of 50
75.2 yrs
Life Expectancy
79 yrs
14.1%
Uninsured Rate
6.8%
No
Medicaid Expansion
Yes

Education

#32 of 50
K-12 Quality Rank
#2 of 50
Yes
School Choice / Vouchers
No

Childcare

$1,050/mo
Avg Infant Care / mo
$1,800/mo

Utilities & Daily Costs

$145/mo
Avg Energy Bill / mo
$155/mo
$450/mo
Avg Groceries / mo
$640/mo
#12 of 50
Road Quality Rank
#44 of 50

Social Policy

F
Gun Laws Grade
A
R+2.0
2024 Presidential Margin
D+6.0

Category wins

7

Georgia

7

New Jersey

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People Also Ask

Is it cheaper to live in Georgia or New Jersey?

Georgia housing costs are 36% less expensive than they are in New Jersey. Rent in Georgia is 25.94% more affordable than in New Jersey. Moving from New Jersey to Georgia will cost on average between $1,500 - $5,000.

Why are people moving away from New Jersey?

Um you ever been on the New Jersey Turnpike mhm i have. And of course many of them also commute to New York City as well.

Which city in Georgia, USA is considered the best to live in?

Is $100,000 a good salary in Atlanta?

A new study by GoBankingRates has revealed how much it costs to live comfortably in major U.S. cities. Save your coins. In more than half of America's largest metro areas, including Atlanta, you'll need to earn at least $100,000 a year to do so.

Full Georgia Profile →Full New Jersey Profile →

Your Priorities

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Quick Profiles

Dial in your priorities

Annual Income

$150K

Affects effective income tax rate

$0$500K$5M+

Retirement Savings

$0

Affects pension and SS tax burden

None$500K$10M+

Social Security

None

Annual Social Security benefit

None$150K/yr

My Property Is Worth

$400K

Affects property tax burden

Tax burden ↓$1M$50M+

Home Buying Budget

$400K

Compared to state median home price

Hard to find$250K$5M+

Monthly Rent Budget

Don't care

Compared to state median 2BR rent

Don't care$10K/mo

Job Market

Don't care

State unemployment and job growth

Don't careHot market

Airport Access

Don't care

Direct flight destinations from state hubs

Don't careMust have hub

City vs Country

Mid-size city

% urban population

Deep countryBig city

Sunshine

Don't care

Annual sunny days per state

Don't careMax sunshine

Food Scene

Don't care

Restaurants per 100K residents

Don't careWorld-class

Political Preference

Neutral

State's political lean

LiberalConservative

Gun Laws

Neutral

State gun law grade (Giffords)

Gun Control2A Freedom

Abortion Access

Neutral

State abortion access policy

Pro-ChoiceNeutralPro-Life

Community

None

Congregations per 100K residents

AvoidDon't careSeek

Sports & Entertainment

Don't care

Pro sports teams and major venues

Don't careMust have pro teams

Cannabis Laws

Neutral

State cannabis legality

Prefer LegalNeutralPrefer Prohibition

Retiree Community

Neutral

% population 65+ (Census)

Young areaRetirement-heavy

Dating Market

Neutral

% adults never-married (Census)

Singles sceneFamily community

Safety / Low Crime

Don't care

Violent crime rate per 100K (FBI)

Don't careVery safe

School Quality

Don't care

K-12 rank (Education Week)

Don't careTop-ranked

Healthcare Access

Don't care

Healthcare system rank (Commonwealth Fund)

Don't careTop-ranked

Childcare Affordability

Don't care

Cost of living proxy for childcare affordability

Don't careMust be affordable