New Jersey
High tax burden · COL index 121
Wins 7 categories
North Carolina
Moderate tax burden · COL index 94
Wins 7 categories
New Jersey's top income tax rate is 10.75% vs North Carolina's 4.5%. Cost of living in New Jersey (index 121) runs 29% higher than North Carolina (index 94). Property taxes are meaningfully different: New Jersey averages 2.13% annually vs North Carolina's 0.7%. The median home in New Jersey costs $500K vs $335K in North Carolina.
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Category wins
7
New Jersey
7
North Carolina
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Is it better to live in NC or NJ?
The cost of living in North Carolina is notably lower, particularly with home prices, property taxes, and insurance premiums. Although both states have lengthy Atlantic coastlines, North Carolina has more dynamic features, including a mountainous western region and twice as many wildlife refuges.
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