Idaho
Moderate tax burden · COL index 96
Wins 8 categories
New Jersey
Very High tax burden · COL index 121
Wins 5 categories
New Jersey's top income tax rate is 10.75% vs Idaho's 5.8%. Cost of living in New Jersey (index 121) runs 26% higher than Idaho (index 96). Property taxes are meaningfully different: New Jersey averages 2.13% annually vs Idaho's 0.48%. The median home in New Jersey costs $500K vs $425K in Idaho.
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Category wins
8
Idaho
5
New Jersey
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Score For My Profile →People Also Ask
Is living in Idaho better than New Jersey based on income?
New Jersey sets its minimum wage 120% higher than Idaho, at $15.92 per hour. Average gross salaries are 32% higher in New Jersey at $5,400/mo. New Jersey has a notably higher cost of living than Idaho, which affects how far wages stretch.
Why are people moving out of NJ?
What are the pros and cons of living in Idaho?
Where are most people moving to Idaho from?
Meanwhile, Idaho drew most of its movers from Washington state (25%), California, (21%), and Utah (7%). "We are seeing buyers relocate from a wide range of states and for a variety of reasons," says Boise, ID, real estate agent Lysi Bishop, a top producer in the region who specializes in high-end properties.