I live in South Jersey and work in Philadelphia. My property tax rate is 3.43% in Camden County, New Jersey. A suburb like Blue Bell PA has property tax of 1.2%. I'm not sure what my total income tax (including Philadelphia wage tax which is refundable if I pay NJ taxes) is if I lived in Pennsylvania, but it seems about the same. Does it make economical sense to move to Pennsylvania? Would I be saving money? Right now my house is relatively inexpensive but still my tax is high. As my wife and I have no children, it stings for our property tax to be so high while our property value is low.
I calculated state and local income tax, property tax and train fares and decided it costs about a $650 less to live in New Jersey.
Pennsylvania New Jersey State taxes 6.99% 4.12% Property tax 2.16% 3.47% Train fares $2,880 $1,440
So, I guess I'm staying in New Jersey.