New Jersey vs New York

New Jersey

Very High tax burden · COL index 121

Wins 7 categories

New York

Very 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%.

New Jersey

New York

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

Estate Tax

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

School Choice / Vouchers

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

Gun Laws Grade

D+6.0

2024 Presidential Margin

D+12.0

Category wins

New Jersey

New York

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