NJ vs NH — Offer Decision Calculator

Enter your own numbers. Estimates, not tax advice.

NH property tax varies widely by town; 1.545% is a placeholder, so use the rate for the town you are buying in. COL %: negative = NH cheaper; applied to estimated non-housing living costs (take-home minus housing) so it doesn't double-count the mortgage/property tax you already entered. For real two-city numbers use Numbeo's side-by-side comparison.

Your real monthly cost for this house (NH)
Mortgage P&I + property tax + insurance (PITI)
− NH income-tax relief (NH has no income tax)
= Effective monthly cost
Assumes you live and work remotely in NH. The income-tax relief below is the piece that lowers your actual payment. It holds as long as you're a NH resident and don't physically work in another state that taxes wages (e.g. commuting into NY or MA). If you work fully remotely for an out-of-state employer, it is effectively unconditional. Confirm your residency to be sure.
New Jersey
Mortgage P&I /mo
Property tax /mo
Insurance /mo
Monthly housing (PITI)
State income tax /yr
Property tax /yr
All-in /yr
New Hampshire
Mortgage P&I /mo
Property tax /mo
Insurance /mo
Monthly housing (PITI)
State income tax /yr
Property tax /yr
All-in /yr

Why NH wins vs NJ — and what is actually cash in your pocket

Moving NJ → NH looks like a big monthly win, but the pieces are not equal. Only one of these lowers this mortgage payment.

Income tax real cash off your payment
Property tax vs a same-priced NJ home · hypothetical
Non-housing cost of living lifestyle · separate budget
Total NJ − NH gap

The property-tax line is what a same-priced house would cost more in NJ — your NH property tax is already inside the PITI above, so it is not a second discount. The COL line is non-housing spending (groceries, etc.), a separate budget, not money off the mortgage. Income tax: NH has no wage or interest/dividends tax ($0 — I&D repealed 2025). NJ uses the 2025 gross-income-tax schedule for your filing status, less personal exemptions ($1,000 each, $2,000 if MFJ) and $1,500 per dependent. NJ Child Tax Credit fully phases out above $80k income. Verify with a CPA before signing.