Banner Elk, North Carolina vs. Houlton, Maine

Tax Compare

Our Premium Cost of Living Calculator includes, State and Local Income Taxes, State and Local Sales Taxes, Real Estate Transfer Fees, Federal, State, and Local Consumer Taxes (Gasoline, Liquor, Beer, Cigarettes), Corporate Taxes, plus Auto Sales, Property and Registration Taxes, and an Online Tool to customize your own personal estimated tax burden. Click here to customize.

Taxes
  4.1% higher in Houlton, Maine
than in Banner Elk, North Carolina
Assumptions
  • Single, standard deduction, one exemption
  • Sales tax includes food and services
  • Real tax taxes are based on the local median home price
  • Car taxes assume a new Honda Accord costing $25,000
   Cost of living
      State level
Banner Elk, NC    Houlton, ME    U.S. Avg
100 = US Avg. Below 100 means cheaper. Above 100 means more expensive. About our Cost of Living Index
   Customize Your Own Personal Estimated Taxes
Enter your income and we will give you your estimated taxes in Banner Elk, North Carolina, we will also give you your estimated taxes in Houlton, Maine.
Banner Elk, NCHoulton, MEDifference
2019 Federal Inc. Tax$4,342$4,342 
State Income Taxes$2,268$2,105  $163 lower
Sales Taxes$698$569  $129 lower
Real Estate Taxes$1,190$1,400  $210 higher
Motor Vehicle Taxes$311$600  $289 higher
Total Taxes$8,809$9,016  $207 lower
Marginal Rate5.5%6.8%
Effective Rate4.5%4.2%
   Annual taxes
      Based on $60,000 income
   Social security taxes
Banner Elk, NCHoulton, ME
Tax Social SecurityNoNo
Social Security Note  
   Estimated sales tax
      State level, based on annual income of $75,000
Banner Elk, NC    Houlton, ME    U.S. Avg
   Tax on food
Banner Elk, NCHoulton, ME
Sales Tax On FoodYes - No state sales tax but partial local tax (2.00%). No rebate.No
   Real estate tax
Banner Elk, NC    Houlton, ME    U.S. Avg
Assumes the local median home price and sales tax is amoritized over 13 years.
   Vehicle tax
Banner Elk, NC    Houlton, ME    U.S. Avg
Assumes a new $25,000 Honda Accord and Sales Tax is amortized over 6 years.
   Other taxes
      State level
Banner Elk, NC    Houlton, ME    U.S. Avg
* grt = Gross Receipts Tax. In this state, the corporation is required to pay the gross receipts tax on each sale instead of a traditional income tax based on its earnings. The effect is that a percentage of the total revenue or gross receipts for each sale has to be paid to the state as tax. The gross receipts tax is much like a Value Added Tax, only for businesses rather than individuals. Four states impose gross receipt taxes, Nevada, Ohio, Texas, and Washington.
Cost of Child care
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