re: How much you really need to earn to take home $100,000 in each state

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No kids so the school part wouldn't matter to me

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You still have to interact with people and a quality school system improves the people you interact with.

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Hermosa Beach


Favorite part of LA.

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Yea I have no complaints about living here.

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Barkley was throwing a party down at one of those bars

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Happens a lot around here. The LA Kings all live around me and are regularly at the bar right by my place.

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Too bad the ridiculous property taxes eat into that $100K

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Just got an escrow account disclosure in the mail yesterday...it's not pretty!!!

Map is wrong.

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Oregon has very generous "social programs." It's where all the meth addicts end up.

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You're confusing Portland with Oregon and it's homeless folks, which of course implies druggies.

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Texas wins again.

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Here is the list from best to worst.

Nevada -- $134,629
New Hampshire -- $134,629
Alaska -- $134,630
Florida -- $134,630
South Dakota -- $134,630
Tennessee -- $134,630
Texas -- $134,630
Washington -- $134,630
Wyoming -- $134,630
North Dakota -- $137,870
Arizona -- $139,689
Illinois -- $141,645
Alabama -- $142,093
Michigan -- $142,527
Kansas -- $142,730
Rhode Island -- $142,917
Louisiana -- $143,017
Colorado -- $143,128
New Mexico -- $143,258
Ohio -- $143,352
Pennsylvania -- $143,422
Mississippi -- $143,497
Oklahoma -- $143,515
Massachusetts -- $144,046
Utah -- $144,310
Indiana -- $144,339
Missouri -- $144,912
New Jersey -- $145,042
Virginia -- $145,180
North Carolina -- $145,222
Connecticut -- $145,319
West Virginia -- $145,682
Georgia -- $145,699
Delaware -- $145,707
Montana -- $145,844
Arkansas -- $146,078
Vermont -- $146,405
Iowa -- $146,627
Wisconsin -- $146,677
Nebraska -- $146,690
New York -- $147,077
South Carolina -- $147,630
Kentucky -- $147,817
Minnesota -- $148,100
Maine -- $148,265
Idaho -- $148,399
Hawaii -- $149,583
Maryland -- $150,080
California -- $150,897
Oregon -- $152,810



For purposes of argument, lets look at Texas, Louisiana, and California

Texas -- $134,630
Louisiana -- $143,017
California -- $150,897


For Stout, I doubt you pay $16,000 less in property taxes than someone in Texas with the same size house and property you have in a similar neighborhood (note, I doubt it is true for the same price place but the disparity in property taxes is probably even lower when considering the type of place you get in most of Texas vs what you get in southern Cali).

For my fellow Louisianan's who try to use the property tax excuse I doubt there is a 9K difference vs anywhere in Louisiana, definitely not in Lafayette vs Houston.

FTR, I live in Lafayette and likely not moving to Texas. But if I do, taxes would definitely factor into the decision in favor of Texas.

The property tax in our area in Houston is relatively low compared to others. But our total property tax including MUD is $4,200 per year. Of the three bills that make up the 4,200. $1,959 is for the Cypress-Fairbanks ISD -a very good school district

Property tax in EBR for a 200K home is $1,500/ yr? Difference of $2,700. That may seem like a lot at first. But no need to send kids to private schools when the schools are better than private in LA.

For shits and giggles, for our salary if we paid state income tax in Louisiana that would be $7,300 in state income tax that we are saving.

In our case we certainly come out several thousand ahead with Higher property taxes and no state income tax vs. paying a smaller property tax and state income tax. Then you get the added benefit of fantastic schools.

Louisiana is taxed more than what people lead on.

From this site:
LINK


LOISIANA: Salary100,000.00 USD
Federal Income Tax- 15,409.50 USD
State Income Tax- 3,555.43 USD
Social Security- 6,200.00 USD
Medicare Tax- 1,450.00 USD
Total Tax- 26,614.93 USD
Net Pay*73,385.07 USD


TEXAS Salary100,000.00 USD
Federal Income Tax- 15,409.50 USD
Social Security- 6,200.00 USD
Medicare Tax- 1,450.00 USD
Total Tax- 23,059.50 USD
Net Pay*76,940.50 USD

Then you factor in cheaper home insurance, car insurance, (about 1/2 what it cost in Louisiana) electric, gas, water, and basically everything you buy. Although this may not apply to everyone, but in the burbs of Houston, yes. We save between $50-$100 each month alone in electric because of deregulation. Its a pain to shop around every year for the 64 companies and 100's of plans but you can get very cheap electric.

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mdomingue

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Thanks! It seems like half the Houston population is from Louisiana. Most came for a better paying job and certainly more bang for your buck in housing (burbs of Houston) as well. That was their deciding factors when talking about it.

I didn't think it would be that much of a cost savings but it is with the move from Baton Rouge to Houston. So on top of the $4,600 per year saving from Houston property tax and no state income tax vs little BR property tax and state income tax there is a $403/ month saving in car insurance, electric, gas, and house insurance.

I should have moved out of LA when I was younger. It just gets harder with age when you have kids in school, own a home, wife's career etc.

The way I look at it you can't put a price on your kids growing up near extended family(grandparents, cousins, aunts/uncles). Plus I like my friends and don't want to leave either.