New Jersey vs Iowa

New Jersey

Very High tax burden · COL index 121

Wins 4 categories

Iowa

Moderate tax burden · COL index 88

Wins 8 categories

New Jersey's top income tax rate is 10.75% vs Iowa's 3.8%. Cost of living in New Jersey (index 121) runs 38% higher than Iowa (index 88). Property taxes are meaningfully different: New Jersey averages 2.13% annually vs Iowa's 1.42%. The median home in New Jersey costs $500K vs $215K in Iowa.

New Jersey

Iowa

Taxes

10.75%

Income Tax (top rate)

3.8%

2.13%/yr

Property Tax Rate

1.42%/yr

6.6%

Sales Tax (avg)

6.94%

Yes

Social Security Tax

Yes

Estate Tax

Yes

As income

Capital Gains Tax

As income

Housing & Cost of Living

121

COL Index (100=avg)

$500K

Median Home Price

$215K

$2,200/mo

Median Rent (2BR/mo)

$1,050/mo

$1K/yr

Home Insurance (avg/yr)

$2K/yr

Crime & Safety

213

Violent Crime / 100K

284

1,368

Property Crime / 100K

1,626

Healthcare

#19 of 50

Healthcare Quality Rank

#21 of 50

79 yrs

Life Expectancy

78 yrs

6.8%

Uninsured Rate

5.8%

Yes

Medicaid Expansion

Yes

Education

#2 of 50

K-12 Quality Rank

#15 of 50

School Choice / Vouchers

Yes

Childcare

$1,800/mo

Avg Infant Care / mo

$1,100/mo

Utilities & Daily Costs

$155/mo

Avg Energy Bill / mo

$135/mo

$640/mo

Avg Groceries / mo

$440/mo

#44 of 50

Road Quality Rank

#8 of 50

Social Policy

Gun Laws Grade

D+6.0

2024 Presidential Margin

R+13.0

Category wins

New Jersey

Iowa

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