Maine
High tax burden · COL index 107
Wins 9 categories
New Jersey
Very High tax burden · COL index 121
Wins 4 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
9
Maine
4
New Jersey
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Score For My Profile →People Also Ask
Is Maine more expensive than New Jersey?
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.
What is the downfall of living in Maine?
That said, Maine isn't for everyone. Winters are long and harsh, job opportunities can be limited outside of certain industries like healthcare, education, and tourism, and access to amenities may be sparse in rural areas.
Why are people moving away from New Jersey?
What are the pros and cons of living in Maine?