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

New Jersey

High tax burden · COL index 121

Wins 4 categories

Vermont

High tax burden · COL index 111

Wins 12 categories

New Jersey's top income tax rate is 10.75% vs Vermont's 8.75%. Cost of living in New Jersey (index 121) runs 9% higher than Vermont (index 111). Property taxes are meaningfully different: New Jersey averages 2.13% annually vs Vermont's 1.73%. The median home in New Jersey costs $500K vs $380K in Vermont.

New Jersey

Vermont

Taxes

10.75%

Income Tax (top rate)

8.75%

2.13%/yr

Property Tax Rate

1.73%/yr

6.6%

Sales Tax (avg)

6.22%

Yes

Social Security Tax

Yes

Estate Tax

As income

Capital Gains Tax

As income

Housing & Cost of Living

121

COL Index (100=avg)

111

$500K

Median Home Price

$380K

$2,200/mo

Median Rent (2BR/mo)

$1,600/mo

$1K/yr

Home Insurance (avg/yr)

$900/yr

Crime & Safety

213

Violent Crime / 100K

167

1,368

Property Crime / 100K

1,390

Sex Offenders / 100K

196

134

Homeless / 100K

533

Healthcare

#19 of 50

Healthcare Quality Rank

#5 of 50

79 yrs

Life Expectancy

79.8 yrs

6.8%

Uninsured Rate

3.8%

Yes

Medicaid Expansion

Yes

Education

#2 of 50

K-12 Quality Rank

#6 of 50

School Choice / Vouchers

Yes

Childcare

$1,800/mo

Avg Infant Care / mo

$1,500/mo

Utilities & Daily Costs

$155/mo

Avg Energy Bill / mo

$175/mo

$640/mo

Avg Groceries / mo

$590/mo

#44 of 50

Road Quality Rank

#34 of 50

Social Policy

Gun Laws Grade

B-

D+6.0

2024 Presidential Margin

D+31.0

Category wins

New Jersey

Vermont

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