Maine
High tax burden · COL index 107
Wins 10 categories
New Jersey
High tax burden · COL index 121
Wins 5 categories
New Jersey's top income tax rate is 10.75% vs Maine's 7.15%. Cost of living in New Jersey (index 121) runs 13% higher than Maine (index 107). Property taxes are meaningfully different: New Jersey averages 2.13% annually vs Maine's 1.04%. The median home in New Jersey costs $500K vs $360K in Maine.
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Category wins
10
Maine
5
New Jersey
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Is it more expensive to live in Maine or New Jersey?
#2 Cost of Living As a matter of fact, the cost of living in New Jersey is higher than in most other places in the country. Conversely, Maine is a relatively affordable state to reside in. Its low cost of living is even evident in places such as its state capital, Augusta.
Why are people moving away from New Jersey?
What is the downfall of living in Maine?
Is $200,000 a good salary in NJ?