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New Jersey
High tax burden · COL index 121
Wins 9 categories
VS
New York
High tax burden · COL index 139
Wins 5 categories
Cost of living in New York (index 139) runs 15% higher than New Jersey (index 121). Property taxes are meaningfully different: New Jersey averages 2.13% annually vs New York's 1.4%.
Taxes
10.75%
Income Tax (top rate)
10.9%
2.13%/yr
Property Tax Rate
1.4%/yr
6.6%
Sales Tax (avg)
8.52%
Yes
Social Security Tax
Yes
Yes
Estate Tax
No
As income
Capital Gains Tax
As income
Housing & Cost of Living
121
COL Index (100=avg)
139
$500K
Median Home Price
$470K
$2,200/mo
Median Rent (2BR/mo)
$2,200/mo
$1K/yr
Home Insurance (avg/yr)
$2K/yr
Crime & Safety
213
Violent Crime / 100K
379
1,368
Property Crime / 100K
1,480
Healthcare
#19 of 50
Healthcare Quality Rank
#15 of 50
79 yrs
Life Expectancy
79.3 yrs
6.8%
Uninsured Rate
5.4%
Yes
Medicaid Expansion
Yes
Education
#2 of 50
K-12 Quality Rank
#12 of 50
No
School Choice / Vouchers
No
Childcare
$1,800/mo
Avg Infant Care / mo
$2,050/mo
Utilities & Daily Costs
$155/mo
Avg Energy Bill / mo
$175/mo
$640/mo
Avg Groceries / mo
$650/mo
#44 of 50
Road Quality Rank
#48 of 50
Social Policy
A
Gun Laws Grade
A
D+6.0
2024 Presidential Margin
D+12.0
Category wins
9
New Jersey
5
New York
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