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States With No Income Tax: Pros and Cons

Nine states charge zero income tax. But is moving to one actually worth it? We break down the real savings — and the hidden costs.

Published November 28, 2024· CostByCity Editorial Team

The Nine No-Income-Tax States

Alaska, Florida, Nevada, New Hampshire (dividends and interest only), South Dakota, Tennessee, Texas, Washington, and Wyoming impose no state income tax on wages. This can save workers thousands of dollars annually — but the full financial picture is more nuanced than the tax rate alone.

Actual Tax Savings by Income Level

Annual IncomeMoving from CA (13.3% top)Moving from NY (10.9%)Moving from IL (4.95%)
$50,000Save ~$2,200Save ~$2,800Save ~$2,475
$100,000Save ~$5,800Save ~$5,500Save ~$4,950
$200,000Save ~$15,600Save ~$14,200Save ~$9,900
$500,000Save ~$52,000Save ~$42,500Save ~$24,750

Note: These are approximate effective savings, not marginal rate calculations. Actual savings depend on deductions, filing status, and other factors.

The Pros

The Cons (What They Do Not Tell You)

Who Benefits Most From Moving?

The tax savings are largest for:

For median earners ($50,000–$75,000), the income tax savings of $2,000–$4,000/year can be fully offset by higher property taxes, sales taxes, or insurance costs. Always calculate the full tax picture before moving.

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