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New Jersey

High tax burden · COL index 121

Wins 2 categories

VS

U.S. Virgin Islands

Low tax burden · COL index 128

Wins 3 categories

U.S. Virgin Islands's top income tax rate is 37% vs New Jersey's 10.75%. Property taxes are meaningfully different: New Jersey averages 2.13% annually vs U.S. Virgin Islands's 0.3%.

New Jersey
U.S. Virgin Islands

Taxes

10.75%
Income Tax (top rate)
37%
2.13%/yr
Property Tax Rate
0.3%/yr
6.6%
Sales Tax (avg)
None
Yes
Social Security Tax
Yes
Yes
Estate Tax
Yes
As income
Capital Gains Tax
None

Housing & Cost of Living

121
COL Index (100=avg)
128

Social Policy

A
Gun Laws Grade
A-
D+6.0
2024 Presidential Margin
D+40.0

Category wins

2

New Jersey

3

U.S. Virgin Islands

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People Also Ask

Is living in the US Virgin Islands good?

Any of the Virgin Islands will prove to have a slower pace of life, easy access to the tropical outdoors, plentiful waterfront activities, and year-round beautiful weather. Explore our USVI real estate guides to find the right community for your next home.

Why are people moving away from New Jersey?

Can a US citizen just move to the Virgin Islands?

How much money do you need to live in the US Virgin Islands?

Full New Jersey Profile →Full U.S. Virgin Islands Profile →

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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

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State unemployment and job growth

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Direct flight destinations from state hubs

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City vs Country

Mid-size city

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Annual sunny days per state

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Restaurants per 100K residents

Don't careWorld-class

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Neutral

State's political lean

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Gun Laws

Neutral

State gun law grade (Giffords)

Gun Control2A Freedom

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Neutral

State abortion access policy

Pro-ChoiceNeutralPro-Life

Community

None

Congregations per 100K residents

AvoidDon't careSeek

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Pro sports teams and major venues

Don't careMust have pro teams

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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

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Violent crime rate per 100K (FBI)

Don't careVery safe

School Quality

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K-12 rank (Education Week)

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Healthcare Access

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Healthcare system rank (Commonwealth Fund)

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Childcare Affordability

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Cost of living proxy for childcare affordability

Don't careMust be affordable