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Minnesota Percentage Calculator — Updated 2026
Minnesota (MN) · State tax: 9.85% · Property tax: 1.12% · Median home (ZHVI): $335,000
As of · Sources: Zillow ZHVI, Tax Foundation, Census ACS, Freddie Mac PMMS
Use this percentage calculator for Minnesota-relevant calculations including tax rates (9.85% state income tax), property tax of 1.12%, or cost of living adjustments based on the index of 98.3.
Minnesota Financial Snapshot (2026) — Percentage Calculator
National baseline — state only adjusts via cost-of-living for the percentage calculator in Minnesota.
How the Percentage Calculator Math Works Under Minnesota Law
The Percentage Calculator runs a well-known formula (principal × rate, discounted cash flow, amortization, or equivalent) client-side and layers on Minnesota's tax and cost-of-living inputs. State-specific numbers — brackets, exemptions, and averages — come from public federal / state datasets cited in the sources section.
Local context: Minnesota
Housing economics in Minnesota. The median home value runs 6.4% below the U.S. baseline for Minnesota is $335,000 per Zillow's home-value index. Effective property tax sits at 1.12% of assessed value, meaningfully higher than the 0.99% national average tracked by the Tax Foundation.
Income and tax climate. Median household income in Minnesota reaches $92,350 per the ACS five-year vintage, pulling above the $78,538 U.S. median. Minnesota's top marginal state income tax bracket lands at 9.85% — compared to the volume-weighted national average around 4-5%. BEA's Regional Price Parity scores Minnesota at 98.3 (national = 100), meaning a dollar in Minnesota buys 102¢ — more goods and services than the same dollar nationally.
Local context as of 2026-04-19.
Minnesota versus the U.S. baseline
| Metric | Minnesota | U.S. baseline | Difference |
|---|---|---|---|
| Median home value[zillow] | $335,000 | $358,000 | -6.4% |
| Property tax rate[tax-foundation] | 1.12% | 0.99% | 13.1% |
| Top marginal income tax[tax-foundation] | 9.85% | ~4.08% (volume-weighted) | 5.8 pp |
| Cost-of-living index (RPP)[bea-rpp] | 98.3 | 100.0 | -1.7 pts |
| Avg homeowners insurance[naic] | $1,680/yr | $1,754/yr | -4.2% |
How to use the Percentage Calculator
Walk through using the Percentage Calculator with Minnesota-specific defaults pre-loaded from primary sources.
- Pre-fill with local dataEach calculator on this page loads with state- or city-specific defaults pulled live from primary sources (FRED, BLS, Zillow, Freddie Mac PMMS, IRS, BEA). The blue values shown next to each input are the local averages so you can see how your scenario compares to the typical case before changing anything.
- Override the inputs you controlChange any field to model your actual situation. The math reruns in your browser the moment you change a value — no signup, no API call, no data transmission. Hover over the small (i) icon next to each label to see the formula that field feeds and where the default came from.
- Read the derived valuesThe result panel shows the primary calculation (monthly payment, take-home pay, savings projection, etc.) plus the intermediate values that drive it. Each line item is labeled with the formula component it represents so you can verify the arithmetic against any agency publication, textbook, or competing calculator.
- Adjust assumptions and re-runMost calculators have a section for assumption inputs that are easy to overlook — annual raises, expected return, inflation, vacancy rate, depreciation schedule, marginal vs. effective tax treatment. The defaults are conservative; aggressive scenarios usually require explicit overrides.
- Save to "My Numbers"When the inputs match your reality, click Save to "My Numbers". The values persist to your device's local storage (IndexedDB) and reload automatically on your next visit. Nothing is transmitted to any CalcFi server — the saved-state feature is deliberately client-side only for privacy.
- Compare scenarios side by sideMost calculators offer a comparison view that shows two or more scenarios side by side. Use this to model decision points: 15-year vs 30-year mortgage, Roth vs Traditional IRA, salary vs hourly, lease vs buy. The comparison view also produces a shareable summary you can download as PNG or PDF.
What Changes Your Result in Minnesota
- Minnesota cost-of-living drag:Line-item costs in Minnesota deviate from the US mean by whatever the BEA all-items RPP deviates from 100. Weight your budget toward the state average rather than the national average.
How Minnesota Compares
| Metric | Minnesota | National Avg | IA | ND | SD |
|---|---|---|---|---|---|
| Median Home Price | $335,000 | $420,000 | $245,000 | $245,000 | $295,000 |
| Property Tax Rate | 1.12% | 1.07% | 1.57% | 0.98% | 0.82% |
| State Income Tax | 9.85% | 4.6%* | 5.7% | 5.94% | None |
| Avg Insurance Cost | $1,680/yr | $1,544/yr | $1,320/yr | $1,320/yr | $1,320/yr |
| Cost of Living Index | 98.3 | 100 | 87 | 88 | 89 |
| Household Income — p25 | $49,800 | $41,401 | $45,807 | $46,400 | $45,200 |
| Household Income — p50 (median) | $92,473 | $83,592 | $85,000 | $87,500 | $79,954 |
| Household Income — p75 | $158,112 | $153,000 | $135,696 | $150,375 | $130,002 |
*Average of states that levy an income tax. 2026 estimates. Minnesota's 9.85% top income tax rate is the 5th-highest in the nation.[3] Income percentiles from DQYDJ/Census CPS 2024[4].
Minnesota Financial Planning Tips
Minnesota's median household income is $92,350 — a key baseline for calibrating financial targets with this tool. Minnesota's cost of living is below the national average (RPP index 98), which stretches the purchasing power of the median income. Minnesota's top marginal state income tax rate is 0.10%. These three factors — income, cost of living, and taxes — together determine the real net financial margin available to reach any savings or investment goal.
Minnesota's cost-of-living index (RPP 98) is 2 points below the national 100 baseline. A dollar in Minnesota buys more in goods and services than the national average. When using this financial calculator, remember that nominal targets should be scaled to the local COL index to reflect real purchasing power in Minnesota.
Regional CPI YoY is running ~3.3%, vs ~3.2% nationally. Minnesota unemployment sits at 4.4% (above the 4.1% national rate). Labor force participation in Minnesota runs about 68.1%, reflecting the share of the working-age population actively engaged in the labor market.
Frequently Asked Questions: Percentage Calculator in Minnesota
How does the percentage work in Minnesota?
- The percentage calculator runs the standard client-side formula and layers on Minnesota's 9.85% state income tax, 1.12% property tax rate, and cost-of-living index of 98.3. All inputs stay in your browser.
What is Minnesota's top marginal income tax rate?
- Minnesota's top marginal state income tax rate is 0.10%.
Does Minnesota tax Social Security or retirement income?
- Minnesota taxes Social Security and taxes pensions/401(k)/IRA at standard rates.
What's the combined sales tax rate in Minnesota?
- Minnesota's combined sales tax is 7.93% (rank #15 nationally).
Does Minnesota have an estate or inheritance tax?
- Minnesota levies an estate tax with a $3,000,000 exemption.
What is Minnesota's top income tax rate?
- Minnesota's top rate is 9.85% on income over approximately $193,000 (single). It's the 5th-highest top rate nationally.
Does Minnesota have an estate tax?
- Yes, with a $3M exemption. Rates range from 13% to 16% on estates above the threshold.
Is the percentage free to use for Minnesota residents?
- Yes — the Percentage Calculator is 100% free, with no signup required. All Minnesota-specific numbers (median home price $335,000, property tax 1.12%, 9.85% state income tax) are prefilled from public datasets. Calculations run in your browser; no data is sent to our servers.
Does the percentage replace tax or financial advice?
- No. The Percentage Calculator provides educational estimates using public data and standard formulas. It is not personalized tax, legal, or investment advice. For decisions with material consequences, consult a licensed professional.
More Calculators
← Back to Percentage CalculatorCalculate for Neighboring States
Minnesota Financial Data (2026)
- State Income Tax
- 9.85%
- Property Tax Rate
- 1.12%
- Median Home Price
- $335,000
- Annual Property Tax (median home)
- $3,752
- Avg Homeowners Insurance
- $1,680/year
- Cost of Living Index
- 98.3 (100 = avg)
- State Estate Tax
- Yes
- State Abbreviation
- MN
Compare Minnesota with other states
Every number on this page reads from the same CalcFi data repository used by the Live Data pages below — the figures stay consistent.
Home Prices by State
Zillow ZHVI across all 50 states
Property Tax by State
Effective rate × ZHVI = annual bill
Household Income by State
FRED real median + percentile bands
Cost of Living by State
BEA RPP all-items + housing
No-Income-Tax States
Full list + trade-offs
Current Interest Rates
Treasury curve + PMMS + FDIC
How we compute this — methodology
CalcFi pSEO pages combine three inputs: (1) the calculator formula itself, which runs client-side so no inputs leave your browser; (2) state-level financial constants from primary public datasets; and (3) national benchmarks for comparison. The Minnesota page uses the property tax rate (1.12%), median home price ($335,000), and 9.85% state income tax from the sources listed below.
Known limits: statewide averages mask large intra-state variance — county-level property tax and metro-level home prices differ significantly from the figures shown. For the most precise calculations, cross-check the output against your actual county assessor and the latest federal/state tax tables at filing time.
More Cities in Minnesota
Use Percentage Calculator for any city in Minnesota.
Related Calculators & States
Related Calculators for Minnesota
National reference: Percentage Calculator Calculator
Sources
Every number on this page cites a primary public dataset. Last reviewed (auto-bumped by the next ISR refresh after an ETL run).
- U.S. Department of Labor, Wage and Hour Division — State Minimum Wage Laws. dol.gov/agencies/whd/minimum-wage/state. Retrieved 2026-04-19.
- Tax Foundation — State Individual Income Tax Rates and Brackets. taxfoundation.org/data/all/state/state-income-tax-rates-2025. Retrieved 2026-04-19.
- Composite state financial context (median home price, property tax effective rate, cost of living index) cross-referenced against the primary sources below.
- Census Current Population Survey / IPUMS CPS (income year 2024) via DQYDJ state tools. dqydj.com. Retrieved 2026-04-19.
- U.S. Census Bureau — American Community Survey (ACS) 5-year estimates — www.census.gov/programs-surveys/acs. Retrieved 2026-04-19.
- Zillow Research — ZHVI (Zillow Home Value Index) + ZORI (Zillow Observed Rent Index) — www.zillow.com/research/data. Retrieved 2026-04-19.
- Freddie Mac Primary Mortgage Market Survey (PMMS) — weekly national mortgage rates — www.freddiemac.com/pmms. Retrieved 2026-04-19.
- Tax Foundation — Property Taxes Paid as % of Owner-Occupied Housing Value; State Tax Rates and Brackets; Estate/Inheritance; Social Security Taxation — taxfoundation.org/data/all/state. Retrieved 2026-04-19.
- NAIC Dwelling Fire, Homeowners Owners, and Homeowners Tenants Insurance Report — content.naic.org/article/homeowners-insurance-report. Retrieved 2026-04-19.
- State Departments of Revenue — official bracket + deduction publications (one primary URL per state; linked in the brackets table below) — taxfoundation.org/data/all/state/state-income-tax-rates. Retrieved 2026-04-19.
- Bureau of Economic Analysis — Regional Price Parities by State — www.bea.gov/data/prices-inflation/regional-price-parities-state-and-metro-area. Retrieved 2026-04-19.
- U.S. Department of Labor — State Minimum Wage Laws — www.dol.gov/agencies/whd/minimum-wage/state. Retrieved 2026-04-19.
- FRED (Federal Reserve Economic Data) — real median household income, unemployment, HPI, LFPR per state — fred.stlouisfed.org. Retrieved 2026-04-19.
- BLS Occupational Employment and Wage Statistics (OEWS) — state-level occupational wages — www.bls.gov/oes. Retrieved 2026-04-19.
CalcFi does not sell data. If you spot an error, email [email protected] with the URL and the correct figure.