New York vs Connecticut: Tax & Cost Comparison
2026Side-by-side New York vs Connecticut comparison: state income tax, sales tax, property tax, cost of living, and minimum wage for 2026. Tri-state cross-border tax comparison — NY's 10.9% top + NYC 3.876% local against CT's 6.99% top + 2.14% property tax (highest in country outside NJ).
Written and reviewed by Konstantin Iakovlev · Methodology · Updated
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.
| Tax / Cost Factor | New York | Connecticut |
|---|---|---|
| State income tax (top rate) | 10.90% (progressive) | 6.99% (progressive) |
| State sales tax | 4.00% | 6.35% |
| Avg. effective property tax | 1.62% | 1.98% |
| Minimum wage (2026) | $17.00/hr | $16.94/hr |
| State Disability Insurance (SDI) | Yes (0.5%) | No |
| Paid Family Leave | Yes | Yes |
| Median home price (Q4 2025) | $470,000 | $415,000 |
| Foreclosure type | judicial | judicial |
| BEA Regional Price Parity (2024) | 113.8 | 109.7 |
| Median household income (2024) | $81,600 | $83,770 |
| Median 2-bedroom rent (Q4 2025) | $2,350/mo | $1,950/mo |
Worked example: $75,000 single filer, 2026
For a single filer earning $75,000 in 2026, the rough state-tax burden comparison:
- New York: estimated state income tax ≈ $5,723, plus federal income tax (≈ $7,300 at 22% marginal), FICA $5,738, sales tax 4.00% on consumption.
- Connecticut: estimated state income tax ≈ $3,670, plus federal $7,300, FICA $5,738, sales tax 6.35% on consumption.
Property tax depends entirely on home value. On a $400,000 home: New York ≈ $$6,480/year; Connecticut ≈ $$7,920/year.
Combined annual state burden (income + property on $400K + 6% of $50K consumption sales tax) — New York: ~$14,203; Connecticut: ~$14,765.
Why this comparison? Tri-state cross-border tax comparison — NY's 10.9% top + NYC 3.876% local against CT's 6.99% top + 2.14% property tax (highest in country outside NJ).
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Frequently asked questions
Which is cheaper to live in: New York or Connecticut?
By BEA Regional Price Parity (2024), New York has a cost-of-living index of 113.8 and Connecticut is 109.7 (US average = 100). Median household income: New York $81,600, Connecticut $83,770. Median 2-bedroom rent: New York $2,350/mo, Connecticut $1,950/mo. Connecticut is the lower-cost state by this measure.
Does New York or Connecticut have lower income tax in 2026?
Connecticut has a top income-tax rate of 6.99%; New York has 10.90%. Connecticut is lower at the top bracket.
What about property taxes in New York vs Connecticut?
New York's average effective property tax rate is 1.62% (e.g., $6,480/year on a $400,000 home). Connecticut's rate is 1.98% ($7,920/year on $400K). New York has the lower property tax burden.
Where is the minimum wage higher: New York or Connecticut?
New York's 2026 minimum wage is $16.50/hour; Connecticut's is $16.35/hour. New York is higher.