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Quantification of the trade-offs among greenhouse gas (GHG) emissions, yield, and farmers’ incomes is essential for proposing economic and environmental nitrogen (N) management strategies for optimizing agricultural production. A four-year (2017–2020) field experiment (including four treatments: basic N fertilizer treatment (BF), suitable utilization of fertilization (SU), emission reduction treatment (ER), and high fertilization (HF)) was conducted on maize (Zea mays L.) in the North China Plain. The Life Cycle Assessment (LCA) method was used in this study to quantify the GHG emissions and farmers’ incomes during the whole maize production process. The total GHG emissions of BF, SU, ER, and HF treatments in the process of maize production are 10,755.2, 12,908.7, 11,950.1, and 14,274.5 kg CO2-eq ha−1, respectively, of which the direct emissions account for 84.8%, 76.8%, 74.9%, and 71.0%, respectively. Adding inhibitors significantly reduced direct GHG emissions, and the N2O and CO2 emissions from the maize fields in the ER treatment decreased by 30.0% and 7.9% compared to those in the SU treatment. Insignificant differences in yield were found between the SU and ER treatments, indicating that adding fertilizer inhibitors did not affect farmers’ incomes while reducing GHG emissions. The yield for SU, ER, and HF treatments all significantly increased by 12.9–24.0%, 10.0–20.7%, and 2.1–17.4% compared to BF, respectively. In comparison with BF, both SU and ER significantly promoted agricultural net profit (ANP) by 16.6% and 12.2%, with mean ANP values of 3101.0 USD ha−1 and 2980.0 USD ha−1, respectively. Due to the high agricultural inputs, the ANP values in the HF treatment were 11.2%, 16.6%, and 12.4% lower than those in the SU treatment in 2018–2020. In conclusion, the combination of N fertilizer and inhibitors proved to be an environmentally friendly, high-profit, and low-emissions production technology while sustaining or even increasing maize yields in the North China Plain, which was conducive to achieving agricultural sustainability.