logo

8. New Jersey: not tax-friendly

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.

New Jersey's cost-of-living is high LewisTsePuiLung / Getty Images

Advertisement
Advertisement
Advertisement

Popular Now on Facty


Disclaimer

This site offers information designed for educational purposes only. The information on this Website is not intended to be comprehensive, nor does it constitute advice or our recommendation in any way. We attempt to ensure that the content is current and accurate but we do not guarantee its currency and accuracy. You should carry out your own research and/or seek your own advice before acting or relying on any of the information on this Website.

logo

Do you want to advertise on Facty.com?
Let’s talk about this! Contact us!
advertise@facty.com

© 2026 Assembly Digital Ltd. All rights reserved.