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Minnesota Tax Bracket Calculator β€” Updated 2026

State abbreviation: MN

In Minnesota, your federal tax bracket is supplemented by a state income tax rate of 9.85%. Understanding your marginal tax rateβ€”federal plus stateβ€”helps you optimize deductions, retirement contributions, and investment decisions. The combined tax burden varies significantly by state.

Minnesota Financial Data (2026)

State Tax Rate
9.85%
Property Tax Rate
1.12%
Median Home Price
$425,000
Avg Insurance Cost
$1,320/year
Cost of Living Index
105
State Abbreviation
MN