New Jersey vs Oklahoma: taxes, cost of living, laws

New Jersey

High tax burden · COL index 121

Wins 7 categories

Oklahoma

Moderate tax burden · COL index 87

Wins 7 categories

New Jersey's top income tax rate is 10.75% vs Oklahoma's 4.75%. Cost of living in New Jersey (index 121) runs 39% higher than Oklahoma (index 87). Property taxes are meaningfully different: New Jersey averages 2.13% annually vs Oklahoma's 0.85%. The median home in New Jersey costs $500K vs $215K in Oklahoma.

New Jersey

Oklahoma

Taxes

10.75%

Income Tax (top rate)

4.75%

2.13%/yr

Property Tax Rate

0.85%/yr

6.6%

Sales Tax (avg)

8.97%

Yes

Social Security Tax

Yes

Estate Tax

Yes

As income

Capital Gains Tax

As income

Housing & Cost of Living

121

COL Index (100=avg)

$500K

Median Home Price

$215K

$2,200/mo

Median Rent (2BR/mo)

$1,000/mo

$1K/yr

Home Insurance (avg/yr)

$5K/yr

Crime & Safety

213

Violent Crime / 100K

449

1,368

Property Crime / 100K

2,840

Sex Offenders / 100K

209

134

Homeless / 100K

134

Healthcare

#19 of 50

Healthcare Quality Rank

#50 of 50

79 yrs

Life Expectancy

73.6 yrs

6.8%

Uninsured Rate

14.3%

Yes

Medicaid Expansion

Yes

Education

#2 of 50

K-12 Quality Rank

#43 of 50

School Choice / Vouchers

Yes

Childcare

$1,800/mo

Avg Infant Care / mo

$900/mo

Utilities & Daily Costs

$155/mo

Avg Energy Bill / mo

$105/mo

$640/mo

Avg Groceries / mo

$420/mo

#44 of 50

Road Quality Rank

#41 of 50

Social Policy

Gun Laws Grade

D+6.0

2024 Presidential Margin

R+33.0

Category wins

New Jersey

Oklahoma

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