Side-by-side tax comparison between New Jersey (10.75% top rate) and New York (10.9% top rate).
| Salary | New Jersey | New York | Difference | Winner |
|---|---|---|---|---|
| $50K | $38,266 | $37,460 | −$806 | New Jersey |
| $75K | $55,256 | $54,046 | −$1,209 | New Jersey |
| $100K | $70,828 | $69,215 | −$1,613 | New Jersey |
| $150K | $101,352 | $98,934 | −$2,419 | New Jersey |
| $200K | $132,978 | $129,753 | −$3,225 | New Jersey |
New Jersey offers higher take-home pay at every salary level. New Jersey's 10.75% top rate is more favorable than New York's 10.9%. At $100K, the difference is $1,613/year — that’s $134/month.
However, cost of living matters. New Jersey has a cost index of 115 while New York is at 125. With similar costs of living, the tax difference is the main factor.