U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > Pennsylvania > Philadelphia
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 03-10-2014, 11:43 AM
 
7 posts, read 17,531 times
Reputation: 15

Advertisements

Hi Everyone,

I am currently a NJ resident, but moving to Philadelphia in a few months. I work in the KOP area, so just looking to get a little bit closer to work. I am single and young, so living in the city is must.

I couldn't find a calculator online to help me with this question, so I figured I'd ask.

My salary is 91.5k and NJ income tax is 6.37% for my bracket. When I move to Philly I understand that there is a flat state income tax of 3% and then a resident city tax of 3.9% is this correct? Are there any other taxes to be considered? I am trying to calculate how much income I will bring in every paycheck once (before medical and 401k) when I move to Philly.

Also, considering NJ car insurance is very expensive.. Should I expect a little bit of a drop? The apartment I am moving to has an enclosed parking space.

Thanks in advance
Reply With Quote Quick reply to this message

 
Old 03-10-2014, 06:12 PM
 
3 posts, read 2,973 times
Reputation: 12
Moving to Philadelphia will decrease your state tax calculation two ways, but increase it one. This has to do with medical insurance being considered exempt from PA state income tax, while it is considered taxable for NJ state income tax. 401k deferrals are the opposite - taxable in PA, exempt in NJ. You are correct about city wage tax, too.

I know more about payroll than I do about auto insurance, but I wouldn't expect a drop as insurance adjusters are not friendly to cars registered to Philadelphia addresses.
Reply With Quote Quick reply to this message
 
Old 03-10-2014, 07:03 PM
 
Location: Phila Pa & NYC
2,856 posts, read 2,066,969 times
Reputation: 1097
There will be no drop in car insurance. In fact there was a pretty high number of Philly residents who us to use the addresses of friends or family living in Jersey, just to get a better rate. Does not happen as much anymore because the insurance companies started cracking down on it.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Pennsylvania > Philadelphia
Similar Threads
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top