Side-by-side tax comparison between New Jersey (10.75% top rate) and Vermont (8.75% top rate).
| Salary | New Jersey | Vermont | Difference | Winner |
|---|---|---|---|---|
| $50K | $38,266 | $39,016 | +$750 | Vermont |
| $75K | $55,256 | $56,381 | +$1,125 | Vermont |
| $100K | $70,828 | $72,328 | +$1,500 | Vermont |
| $150K | $101,352 | $103,602 | +$2,250 | Vermont |
| $200K | $132,978 | $135,978 | +$3,000 | Vermont |
Vermont offers higher take-home pay at every salary level. Vermont's 8.75% top rate is more favorable than New Jersey's 10.75%. At $100K, the difference is $1,500/year — that’s $125/month.
However, cost of living matters. New Jersey has a cost index of 115 while Vermont is at 105. With similar costs of living, the tax difference is the main factor.