New York's average HOUSEHOLD income is $71k, $72k for an individual is absolutely fine. Won't go as far as in texas, but that's at the price of texas having worse schools, higher crime rates, worse social safety nets, and worse rights for workers. I'll take new york any day.
@@gg-gamers wtf are driving that you have a 3600 payment my mortgage on my 5bd room house is only 660a month, full coverage insurance on 3 vehicles is 164 a month n gas is 2.59 a gallon where I live comes out to 28.00 for a full tank n no state income tax sales tax is 8.25 not 6.25
@@christianguzman6510 True, but what percentage of your pay is taken from your gross earnings to fund local and state government in NY? I suspect it's far more than we pay here in property taxes.
@@copytan2395 you are correct but everywhere you go also charges 2% from local taxing districts like cities and counties, we don't pay taxes on food items purchased from a grocery store. You still made your point, new York is more expensive. Additionally where most people live in this state the property tax rate is closer to 2.5% on average. There are many other advantages to living here besides taxes. I like your comparisons though thank you for sharing
@@copytan2395 Yes he is Texas has a max 8.25% sales tax. 6.25% is to the state and the remaining 2% can be add for county and city sales tax. And everyone just rings up the 8.25%.
@Go tigers Seems like I’m hurting y’all’s feeling. I live in Cowtown. The BASE sales tax is 6.25% period. NOT including jurisdiction that can raise it by 2%. And just like this video, you don’t need to live in the state to understand tax regulations. Good grief.
I prefer NY bc cold weather, public transportation, and there's some affordable housing in the outskirts of New York City. That's only if you make 6 figures to live a good life there
correct. people don't understand that there is plenty of houses outside of NYC. and a large selection of houses without cancerous HOA. unlike texas almost every community has an HOA,
NYC income tax is an extra 3.5%, and sales tax is an extra 7/8%. Long Island and Westchester have no extra income tax, but they have higher property taxes compared to the rest of the state. On the flip side, wages are much higher in NY compared to Texas, especially downstate New York.
NY baby but you should really compare cities like Dallas to Whiteplains, NY. You can only compare Manhattan or Brooklyn to San Francisco, Paris, Toronto, London, and etc. Upstate NY property taxes is dirt cheap compared to downstate NY.
Yea but dallas is racist....im from nyc i would live in houston...just remember bro texas is extremly boring and becarefull with the car accidents they have the highest rate in usa
@@christianguzman6510 thanks for the 411 but I’ve been living in NC for over 30 years now. I have 1 1/2 years left of mortgage payments on my house so I’m good. I left NYC in 1989 but still visit 2 times yearly to see my family in Washington Heights and the BX. My oldest daughter lives in Houston and I love visiting there. I’ve been to Dallas once and didn’t get any negative vibes, but then again that was just one visit. Have a blessed holidays. Peace out!
@@beyondthematrix3945 ..bro dallas is racist af...very conservative...my son lives in houston i guess the southern part of texas is better...but deff dallas should be given back to the native americans
Yeah but the alternative is New York lol. Let's all cram into dirty sky boxes like little rats and fight rampant homelessness on the daily. New York is dirty as hell.
@@jamesharden3timedpoy466 As they say in the NE, its all "flatlanders". Wouldn't really know the difference unless it rains (floods). I say this as someone who was born in Houston and lived in Texas for 30 years.
In texas you need a car = $600 car + insurance $200 = $800 monthly + gas $150 = TOTAL : $11400 year ,(don't count repairs). Subway in NYC is $2.75 per ride or unlimmitted ride for $33 weekly, that's it. we could go on...
Yeah and the average property taxes are just averages. Texas can get way higher than that. And if you have an expensive home in Texas, the additional property taxes DO add up.
NYC (native) because I hate living around MAGATs that tote 50 caliber rifles all day (direct experience of a cousin who went to school down there). Also: fewer hurricanes, oil spills and tornadoes up in NYC (for now) and like one other comment: reliable power grid.
There is a difference b/n NY as state and NYC as city. You can live comfortably in NY other cities with 100K. Upstate NY, 100k a whole lot. 40 minutes away from NYC. You don’t have to live in nyc if u can’t afford it.
Thats correct and we dont have to listen to gov Abbott or have school cops who let maniacs shoot up a bunch of 10 yr old kids and lie about what they did.
I been looking at upstate New York and I love the homes there. But everyone keeps telling me there’s nothin to do there but I’ll have to visit myself to see. I’m trying to see the best places to live with a 5 year old. I don’t really care for living in the city I’m looking for the more affordable places, Boston seems nice and a little less expensive as well but upstate nyc is really cheap surprisingly
Thank you my other Texans for explaining to this man that we do not have state income tax and our sales taxes 8.25%, but to all you other people that want to come to Texas don't we're running out of resources right now
Not sure what the sudden urge is for everyone to compare a state to Texas. Every state has its perks but comparing income doesn’t make sense. It’s like rent in San Francisco would completely ruin my income but here in Pennsylvania it’s fairly decent.and I can afford a higher standard of living.
72K is $6000 per month. The average apartment in NYC is $3000-$4000 for a small old crappy ugly apartment! Doesn’t include a parking spot! Parking spot is around $500. Per month. In San Antonio or Houston you can buy a home with a mortgage of around $3000 per month including property, taxes, and hazard insurance. With a 20 year mortgage you’ll own your home! Also it should increase in value around 100% minimum that’s 5% per year! Renting an apartment in NYC air the Bronx! Your rent will increase 5-10% per year minimum! Over 10’years your rent will double and your net income may not! The choice is simple! Work from home and buy a house in upstate NY!
You forgot to add in the State and City Income Tax if in New York City. The real estate taxes in Texas are higher than you quoted....about 2.5 %...?not 1.8%.
Yes, and as others have stated. You're not going to only be paying the state minimum rate anywhere in the state as far as I'm concerned. 8.25 percent is pretty typical.
This is slightly misleading, since if you live in the city or southern upstate NY, you almost definitely go to NJ to shop (which has a sales tax of 6.625% and tax exemption of all clothing items)
@@tomaszwida the population of NYC is 8.468 million. Add the three upstate counties that border New Jersey and you have 10,209,647 people. That's over half of the population of New York State alone. My point is, these statistics are in a vacuum, and it’s not as cut and dry as the video makes it seem.
Texas doesn't have state taxes but it makes up for it by increasing property tax and sales tax and tolls on every road. It's the same story in Florida. property tax thru the roof. high insurance premiums.
@@christianguzman6510 yea but people can actually afford to live an buy a home in texas. Not live in a shitty project like a cockroach paying 2500 for a shoe box
This situation is exactly what our forefathers fought against great Britain for and now here we are paying taxes on everything and the government isn't using that money for the people
@@cb9996 Well, I guess you must live in a dump to know one. The cold keeps your garbage odorless. LOL You must be a religitard with predefined senses. Austin is the capital of art, music and free thinkers, and lots of good eats.
Do your own research people and don't rely on misinformation on YT. Texas numbers in this Short do not represent the entire state. Sales tax is 6.25 but in many places it is 8.25 percent. Same with property taxes. This depends on the area of Texas where someone lives. It can be closer to 3%.
The more I see your videos the more I wonder if you're some high school kid just making up numbers. This video makes absolutely no sense. Property tax has nothing to do with income tax.
@@JessmanChicken86 taxes don’t always matter as the first issue to people. Sometimes it’s about other aspects of the economy, sometimes it’s about mental health, for some it’s about heat. Sometimes for people, it’s about living in a society where some paraplegic, heartless, degenerate of a governor doesn’t tell you when you have to give a kid in our world. You can’t take gov. commerce as the whole picture
These comparisons never take into account the deductions you can claim at the end of the year. There's also things like hospitality taxes, hunting and fishing licenses, annual excise taxes on vehicles, annual vehicle inspections and registration fees and a host of small things like speeding fines, tolls, fuel taxes, tobacco and alcohol taxes. I'd like to see an accurate table with all taxes and fees.
Yeah, but the houses are so expensive that almost all the money that NY has on TX will be evaporated by having to pay back the massive loan taken out to buy the house
@@AnguishedMan ..i can tell u never been no where.. i live in dallas now yes dallas and austin are boring..the vibe in ny or even miami is super fun everyone wants to have fun...i dont hear tourist going to dallas or austin ...alot of realtors talking about texas but once people come here and see how antisocial people are they gonna leave ....texas is not a welcoming state
As someone from Texas a few things I'd like to point out: 1. You have to own a car in Texas, you don't in new york. 2. The Texas equivalent of a 100k NY job is not paying 100k, more like 60-80k. 3. These days, outside of rural Texas, 100k is not high income, its not even upper middle class, its more like lower middle class, like barely able to buy a home level, unless you really save or move way far out of the city center and want to spend 1+ hours commuting every day to get to the office. Comparing 100k in Texas to 100k in NY is a total apples and oranges comparison.
@@HistoryandReviews Projecting much. Someone asked a question and I answered it, but for some reason YOU needed to respond to my response. Continue whatever life you have....mine is mine and its good....in NYC....lol. And NY state is part of the national electric grid. Not like Texas..😮
That’s misleading. NY Sales’s Tax is 4 percent- their state default rate is 7 percent. Texas’s sales tax is 6.25 percent, however, 97 percent of locations have a local sales tax bringing the total to 8.20 percent.
I love these shorts but ,It glossed over the 3.44% 3,441 in NYC . So if you live in the metropolitan area then: net income is $68,559.00 vs 78,000 I work in NYC and have grossed 100k in the past. There are also a few minor taxes left out that may decrease your income another few hundred. Probably have to gross about 113k to equal 110k in TX. Leaving NYC , after 20 plus years of w2 servitude ( I could think of more appropriate adjectives to describe W2 work in NYC but it would be unfairly triggering. NYC is at the forefront of # Simon Linguet described all the way back in the 18th century) 1 mil plus for a 450 sqft apt . San-Fran really has nothing on NYC proper ( Manhattan, Brooklyn, and Queens) as far as in-affordability .
NY. Might cost a little more but you definitely get better services. And you don’t have to worry about the toddler down the street shooting you when playing with Paw-paws gun.
Why all this taxation? Have you seen a government pick up truck in either state that’s more than three years old? The spending is out of control everywhere. We revolted against England for far less taxation
Nobody chooses where they want to live based on this analysis. They choose based on where they can get a job, where they have family, what kind of culture they want to live in.
New York!!!! especially UPSTATE NEW YORK. Great healthcare, beautiful scenery & Landscape, great pay & Benefits, affordable housing, great economy. I’m on a 12 week fully paid paternity leave from my employer. Can’t beat that. Texas can’t ever be compared to our GREAT STATE OF NEW YORK
We won a moratorium on cutting down trees in a town in Southern upstate NY last year. Eco-friendly and eco-conscious! Small and large farms supply organic vegetables and meat accessible to all. Wide variety of recreational activities on land, water and in the air. Hot air balloon rides in nearby CT, fishing, Appalachian Trail hiking, zip lining, lakes and pools, the Hudson River, boating, kayaking, wide availability of academic and recreational summer camps for children, excellent support services for the disabled and elderly...and much more.
This makes zero sense. #1 Texas doesn’t pay State Income Tax and if they are talking Federal income tax than it doesn’t matter what states you’re in, it’s the same federally based on your income tax bracket. So they’d both be taxed the exact same federally if they both made $100k.
I would absolutely choose NYS. Texas is terrible in every category that really matters (Quality of Life), and NYC makes the tax average look sky high, but is less than 1% of the land area. I would live in Upstate NY HANDS DOWN over Texas any day.
