State and Local Taxes Per Household: Effective Rates, Ranking and Annual Estimates (WalletHub)
For 2024 WalletHub “assumes “Median U.S. Household” has an annual income of $75,586 (mean third quintile U.S. income); owns a home valued at $281,900 (median U.S. home value); owns a car valued at $26,420 (the highest-selling car of 2023); and spends annually an amount equal to the spending of a household earning the median U.S. income". The site changes these assumptions each year based on inflation.
The effective rate of total state and local taxes on median U.S. household income is calculated as the percentage of the median U.S. household income comprised of real estate, vehicle, income, sales and excise taxes.
The overall rate ranking for total state and local tax on median U.S. household income compares the effective rates for total state and local taxes of all fifty states and District of Columbia to rank them from 1-51, from lowest to highest effective tax rates.
For 2024 the annual estimate of the total state and local taxes for a median U.S. household represents the dollar amounts of taxes paid by a household in a given state with the assumptions above.
