What is the state income tax rate in Minnesota?+
Minnesota's top state income tax rate is 9.85%. Your effective state rate depends on income level — lower incomes pay a smaller percentage. Combined with federal taxes, total income tax for a median earner is roughly 17–21%.
What is the median household income in Minnesota?+
The median household income in Minnesota is $77,000 per year — roughly $6,417 per month before taxes. Minnesota's cost of living index is 105, near the national average of 100.
How much will I take home from a $75,000 salary in Minnesota?+
On a $75,000 salary in Minnesota, after the 22% federal bracket (effective ~15%), up to 9.85% state income tax, and 7.65% FICA, your estimated annual net take-home is roughly $53000–55000. Use the calculator above to enter your exact salary.
Does Minnesota tax retirement income?+
Partially taxed. Check Minnesota's specific rules for Social Security and pension exemptions, which often differ from regular wage income.
How does Minnesota's cost of living affect salary value?+
Minnesota has a cost of living index of 105 (100 = national average). Minnesota's cost of living is close to the national average, so the salary-to-purchasing-power ratio is similar to most other states.