New York
- Housing Costs: Extremely high, especially in New York City, where even small studio apartments often exceed $500,000.
- Tax Burden: Highest in the nation at 15.9%, encompassing significant income and property taxes.
- Cost of Living: Elevated due to expensive housing, transportation, and general expenses.
California
- Housing Costs: Among the highest nationwide, with median home prices surpassing $1 million in cities like San Francisco and San Jose.
- Tax Burden: High, with a top individual income tax rate of 13.3%.
- Cost of Living: Driven up by housing shortages, strict zoning laws, and high construction costs.
Connecticut
- Housing Costs: Substantial, with ongoing challenges in affordability.
- Tax Burden: Second highest in the U.S. at 15.4%, including significant property taxes.
- Cost of Living: High, influenced by taxes and housing expenses.
Massachusetts
- Housing Costs: Notably high, particularly in the Boston metropolitan area.
- Cost of Living: Elevated due to housing, healthcare, and general expenses.
Vermont
- Housing Costs: High, with limited availability in certain areas.
- Tax Burden: Third highest in the nation at 13.6%.
- Cost of Living: Increased by taxes and housing expenses.
New Jersey
- Housing Costs: Significant, especially in areas close to New York City.
- Tax Burden: High, with property taxes averaging $3,539 per person—the highest in the U.S.
- Cost of Living: Elevated due to taxes and housing costs.
Maine
- Housing Costs: High, particularly in desirable coastal regions.
- Tax Burden: Ninth highest at 12.4%, including estate taxes.
- Cost of Living: Increased by taxes and housing expenses.
