Compare taxes and see how much you save moving from New York to Connecticut
The tri-state commuter calculation. Connecticut's 6.99% top rate beats NYC's 12.7% combined, but both are high-tax states. At $100,000: NYC $9,500 vs CT $4,655—save $4,845/year. The catch: Connecticut has the 2nd-highest property taxes in America (1.96% average), and Fairfield County (Greenwich, Stamford) housing is extremely expensive. CT works best for high earners in expensive homes who commute to NYC—the income tax savings outweigh property tax costs at high income levels.
High Tax State
Progressive + NYC tax
High Tax State
7 brackets up to 6.99%
At $100,000 income:
That is $404/month back in your pocket!
| Income | NY Tax | CT Tax | Savings | 10-Year |
|---|---|---|---|---|
| $50,000 | $2,850 (NY state only) | $2,500 | CT saves $350 | $3,500 |
| $75,000 | $4,600 (NY state only) | $3,525 | CT saves $1,075 | $10,750 |
| $100,000 (NYC) | $9,500 (state + city) | $4,655 | CT saves $4,845 | $48,450 |
| $150,000 (NYC) | $14,300 (state + city) | $7,350 | CT saves $6,950 | $69,500 |
| $250,000 (NYC) | $26,500 (state + city) | $13,475 | CT saves $13,025 | $130,250 |
| $500,000 (NYC) | $57,000 (state + city) | $30,950 | CT saves $26,050 | $260,500 |
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Moving from New York to Connecticut? Multi-state returns are tricky—partial-year residency, different deadlines, avoiding double taxation. Get matched with a CPA who specializes in state moves. Virtual meetings, fixed pricing.
Get Matched With a CPA →At $100,000 NYC income: save $4,845/year in income tax. However, CT property taxes are high (1.96% vs ~1% effective in NYC). On a $1M home: CT property tax ~$19,600/year. For the move to make financial sense, your income tax savings must exceed property tax increases. At $100K income, you need property taxes under $4,845/year—which means a home under ~$250K (rare in Fairfield County).
Upstate NY (no city tax) pays ~$6,500 at $100K vs CT's $4,655—CT saves $1,845/year. But upstate NY has lower property taxes (~1.73% vs CT 1.96%) and much cheaper housing. For comparable suburban lifestyle, upstate NY is often cheaper overall. CT only wins clearly vs NYC proper.
Yes—CT is the hedge fund capital (Stamford, Greenwich). At $1M income: NYC takes ~$122,500 vs CT ~$69,500—save $53,000/year. At $5M: save $265,000/year. Even with CT's high property taxes, the income tax savings are massive for very high earners. This is why hedge funds relocated from NYC to Greenwich.
Metro-North from Stamford: 50 min to Grand Central. Greenwich: 47 min. New Haven: 90 min. Express trains are faster but less frequent. Most CT→NYC commuters work in Midtown Manhattan. The commute is doable but drains 2+ hours daily. Remote work hybrid (2-3 days in office) makes CT much more attractive.
Yes—CT lost 28,623 residents (2021-2022 IRS data), primarily middle-income families leaving for lower-tax states. High earners are moving IN (from NYC) for tax savings, while middle-income residents are moving OUT (to Florida, North Carolina) to escape high property taxes. CT is becoming more unequal: wealthy enclaves vs struggling cities.