The cost of living in New Jersey is substantial. It's a relief property taxes are relatively low, starting at 1.4%. Tax rates increase with revenue, to almost 11% for millionaire residents, with an added payroll tax in Newark. The Garden State also imposes the highest property tax rates in the country. These revenues fund social programs like universal pre-K schooling and free community college. If these programs are worth the extra cost, settle in and enjoy New Jersey's below-average sales taxes.

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