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New Jersey

Very High tax burden · COL index 121

Wins 6 categories

VS

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.

New Jersey
North Carolina

Taxes

10.75%
Income Tax (top rate)
4.5%
2.13%/yr
Property Tax Rate
0.7%/yr
6.6%
Sales Tax (avg)
7%
Yes
Social Security Tax
Yes
Yes
Estate Tax
Yes
As income
Capital Gains Tax
As income

Housing & Cost of Living

121
COL Index (100=avg)
94
$500K
Median Home Price
$335K
$2,200/mo
Median Rent (2BR/mo)
$1,450/mo
$1K/yr
Home Insurance (avg/yr)
$2K/yr

Crime & Safety

213
Violent Crime / 100K
398
1,368
Property Crime / 100K
2,226

Healthcare

#19 of 50
Healthcare Quality Rank
#23 of 50
79 yrs
Life Expectancy
75.7 yrs
6.8%
Uninsured Rate
11.8%
Yes
Medicaid Expansion
Yes

Education

#2 of 50
K-12 Quality Rank
#29 of 50
No
School Choice / Vouchers
Yes

Childcare

$1,800/mo
Avg Infant Care / mo
$1,050/mo

Utilities & Daily Costs

$155/mo
Avg Energy Bill / mo
$135/mo
$640/mo
Avg Groceries / mo
$460/mo
#44 of 50
Road Quality Rank
#14 of 50

Social Policy

A
Gun Laws Grade
C+
D+6.0
2024 Presidential Margin
R+3.0

Category wins

6

New Jersey

7

North Carolina

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People Also Ask

Is it better to live in NC or NJ?

Income Tax Savings: NJ's 10.75% top rate drops to NC's 3.99% flat rate, saving $33,800+ annually on a $500K income. Property Tax Arbitrage: NJ has the highest property taxes in the nation at 2.23% versus Charlotte's 0.66%, saving $23,550 per year on a $1.5M home.

Why are people moving out of New Jersey?

What is the downfall of living in North Carolina?

Is $100,000 USD a good salary in New Jersey?

Looking at the numbers this way, it's clear that $100,000 still puts someone in the middle class by definition. But in New Jersey, “middle class” doesn't necessarily mean a comfortable, worry-free life. It's more like walking a tightrope: you're technically fine, but any unexpected cost can make a real difference.

Full New Jersey Profile →Full North Carolina Profile →

Your Priorities

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Quick Profiles

Dial in your priorities

Annual Income

$150K

Affects effective income tax rate

$0$500K$5M+

Retirement Savings

$0

Affects pension and SS tax burden

None$500K$10M+

Social Security

None

Annual Social Security benefit

None$150K/yr

My Property Is Worth

$400K

Affects property tax burden

Tax burden ↓$1M$50M+

Home Buying Budget

$400K

Compared to state median home price

Hard to find$250K$5M+

Monthly Rent Budget

Don't care

Compared to state median 2BR rent

Don't care$10K/mo

Job Market

Don't care

State unemployment and job growth

Don't careHot market

Airport Access

Don't care

Direct flight destinations from state hubs

Don't careMust have hub

City vs Country

Mid-size city

% urban population

Deep countryBig city

Sunshine

Don't care

Annual sunny days per state

Don't careMax sunshine

Food Scene

Don't care

Restaurants per 100K residents

Don't careWorld-class

Political Preference

Neutral

State's political lean

LiberalConservative

Gun Laws

Neutral

State gun law grade (Giffords)

Gun Control2A Freedom

Abortion Access

Neutral

State abortion access policy

Pro-ChoiceNeutralPro-Life

Community

None

Congregations per 100K residents

AvoidDon't careSeek

Sports & Entertainment

Don't care

Pro sports teams and major venues

Don't careMust have pro teams

Cannabis Laws

Neutral

State cannabis legality

Prefer LegalNeutralPrefer Prohibition

Retiree Community

Neutral

% population 65+ (Census)

Young areaRetirement-heavy

Dating Market

Neutral

% adults never-married (Census)

Singles sceneFamily community

Safety / Low Crime

Don't care

Violent crime rate per 100K (FBI)

Don't careVery safe

School Quality

Don't care

K-12 rank (Education Week)

Don't careTop-ranked

Healthcare Access

Don't care

Healthcare system rank (Commonwealth Fund)

Don't careTop-ranked

Childcare Affordability

Don't care

Cost of living proxy for childcare affordability

Don't careMust be affordable