New Jersey
Very High tax burden · COL index 121
Wins 6 categories
New Mexico
Moderate tax burden · COL index 91
Wins 7 categories
New Jersey's top income tax rate is 10.75% vs New Mexico's 5.9%. Cost of living in New Jersey (index 121) runs 33% higher than New Mexico (index 91). Property taxes are meaningfully different: New Jersey averages 2.13% annually vs New Mexico's 0.55%. The median home in New Jersey costs $500K vs $330K in New Mexico.
Taxes
Housing & Cost of Living
Crime & Safety
Healthcare
Education
Childcare
Utilities & Daily Costs
Social Policy
Category wins
6
New Jersey
7
New Mexico
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