Minneapolis, MN Salary Calculator
What common salaries actually put in your pocket in Minneapolis after federal, state taxes and FICA. Based on 2026 brackets.
Take-home pay in Minneapolis — single filer, bi-weekly
| Gross salary | Net annual | Per paycheck | Per month | Effective rate |
|---|---|---|---|---|
| $50,000 | $39,273 | $1,511 | $3,273 | 21.5% |
| $75,000 | $56,508 | $2,173 | $4,709 | 24.7% |
| $100,000 | $72,396 | $2,784 | $6,033 | 27.6% |
| $150,000 | $103,055 | $3,964 | $8,588 | 31.3% |
Calculations use 2026 federal brackets, Minnesota state tax, and FICA. Assumes the standard deduction and no pre-tax 401(k) contributions. Married filers and those with retirement contributions will keep more.
Cost of living in Minneapolis
Minneapolis's cost of living index is 109 (US average = 100). That means overall expenses in Minneapolis run about 9% higher the national average. A $75,000 paycheck in Minneapolis has roughly the same purchasing power as $68,807 in an average-cost US city — housing is usually the biggest driver of the gap.
Median household income here is approximately $70,099. After all taxes, the median single-filer household takes home roughly $53,393 per year.
No city income tax
Minneapolis does not levy a separate city income tax. You pay federal tax, Minnesota state tax, and FICA — but no additional municipal wage tax like residents of New York City, Philadelphia, or Columbus face.
About working in Minneapolis
Twin Cities is a Fortune 500 hub disproportionate to its size — Target, U.S. Bank, Best Buy, General Mills, 3M, UnitedHealth, Cargill, and Medtronic all headquartered in the metro. Healthcare and finance dominate. Minnesota's progressive top rate of 9.85% is among the highest in the country.
Largest employers
- Target Corporation
- M Health Fairview
- U.S. Bank
- Wells Fargo
- Mayo Clinic (regional)
Where Minneapolis workers tend to live
-
Northeast Minneapolis
Walkable arts district, breweries, food scene
-
Uptown
Walkable, lakes, established, premium pricing
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St. Paul (Cathedral Hill)
Historic, walkable, mid-priced
How Minneapolis compares to nearby cities
Net pay on a $75,000 salary — same filing status, same federal tax — differs because of state tax, city tax, and cost-of-living differences.
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