New York vs New Jersey
A $100,000 income in New York is worth
$92,678
at national prices · RPP 107.9BEA RPP SARPP. Source: BEA Regional Price Parities · SARPP · 2024 vintage · released February 19, 2026 · Official API
In New Jersey, the same income is worth
$91,912
at national prices · RPP 108.8BEA RPP SARPP. Source: BEA Regional Price Parities · SARPP · 2024 vintage · released February 19, 2026 · Official API
$100,000 has $766 more purchasing power in New York.
Decision shortcut
To match $100,000 in New York, you would need about $100,834in New Jersey.
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Where the difference comes from
Price level by component, 100 = US average. Higher means more expensive.
| Component | New York | New Jersey | Difference |
|---|---|---|---|
| All items | 107.9 | 108.8 | +0.8% |
| Housing rents | 122.2 | 134.3 | +9.9% |
| Goods | 107.3 | 107.1 | −0.2% |
| Utilities | 134.4 | 114.2 | −15.0% |
| Other services | 104.1 | 103.5 | −0.6% |
BEA Regional Price Parities · SARPP · 2024 · rel. February 19, 2026 · Official API
Housing reality check
ACS median gross rent, home value, and real estate taxes paid — statewide context beyond the index.
US Census ACS 5-Year Estimates · ACS5 · 2024 · rel. December 2025 · Official API
Tax at a glance
Hand-curated, tax year 2026 · verified 2026-07-20
Top marginal and average combined rates do not estimate a household's total tax liability.
| Tax | New York | New Jersey |
|---|---|---|
| Income tax (top rate) | 10.90% | 10.75% |
| Sales tax (combined avg) | 8.54% | 6.60% |
Tax Foundation (income & sales) · Tax · 2026 · rel. tax year 2026 · Manually maintained · verified 2026-07-20
New York vs New Jersey: the read
The bottom line
Compare a $100,000 income in New York and New Jersey: its purchasing power is $92,678 and $91,912, respectively, in national-average terms — a loss of $766. New York is the cheaper of the two, running at 107.9 on the price index versus 108.8.
Where the difference comes from
The widest gap is utilities: New York sits at 134.4 and New Jersey at 114.2 (100 = national). New Jersey has the edge there, and it's the main reason the two states diverge.
Housing
Median rent runs $1,621 in New York against $1,720 in New Jersey, and the typical home $423,800 versus $454,400. New York is the more affordable place to buy.
Taxes
On tax, New York has 10.90% top income tax and a combined sales tax of 8.54%; New Jersey has 10.75% top income tax and 6.60%. Those headline rates are useful screening facts, but they do not calculate either household's total liability.
Full profiles: New York ·New Jersey. Every figure here is sourced on the pages linked above.
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