Calculate how much you save or lose by moving to a different state. Compare take-home pay, cost of living, and 5-year projections.
State income taxes vary dramatically across the US. Nine states have no income tax at all, while states like California charge up to 13.3%. Moving from a high-tax state to a low-tax state can save thousands per year in take-home pay.
However, tax savings alone do not tell the full story. Cost of living varies significantly between states. A higher take-home in Texas may not go as far as a lower take-home in Mississippi, where housing and goods cost less. This calculator adjusts for cost of living using state-level cost indices.
The equivalent salary calculation shows what you would need to earn in the target state to maintain the same purchasing power you have today. This accounts for both tax differences and cost-of-living differences between the two states.
The 5-year cumulative projection gives you a sense of the long-term financial impact. Remember that actual savings depend on many factors including property taxes, sales taxes, and specific local costs that vary within each state.