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FinanceMinnesota (MN)

Accountant Salary in Minnesota

Take-home pay breakdown using 2025 tax rates โ€” single filer, standard deduction

$79,880
Gross Salary
national median
$60,993
Annual Take-Home
76.4% of gross
$5,083
Monthly Take-Home
after all taxes
$2,346
Bi-Weekly Paycheck
after all taxes

Full Tax Breakdown โ€” Minnesota

Based on national median Accountant salary of $79,880, single filer, 2025 tax year

Gross Annual Salary
$79,880
Deductions
Federal Income Tax
Effective rate: 11.5%
-$9,187
Minnesota State Income Tax
Effective rate: 4.5%
-$3,589
Social Security Tax
6.2% up to wage base
-$4,953
Medicare Tax
1.45%
-$1,158
Total Taxes
23.6% effective rate
-$18,887
Net Take-Home Pay (Annual)
$60,993
Net Take-Home Pay (Monthly)
$5,083
Net Take-Home Pay (Bi-Weekly)
$2,346

Where Your Money Goes

Take-Home Pay$60,993 (76.4%)
Federal Income Tax$9,187 (11.5%)
Minnesota State Tax$3,589 (4.5%)
FICA (SS + Medicare)$6,111 (7.7%)

Minnesota vs. National Average

National Median Salary
$79,880
Used for calculations on this page
State Income Tax
$3,589/yr
Effective rate: 4.5%
Property Tax Rate
1.1%
Effective rate on home value
State Sales Tax
6.9%
State rate (local rates may vary)

Estate tax with exemption of $3M. SS benefits taxable for higher-income filers.

Frequently Asked Questions โ€” Accountant in Minnesota

How much does a Accountant take home in Minnesota?

On a national median salary of $79,880, a Accountant in Minnesota takes home approximately $60,993/year ($5,083/month) after federal income tax, Minnesota state income tax, and FICA taxes. This represents an effective total tax rate of 23.6%.

What is the Minnesota state income tax rate for a Accountant?

On a $79,880 salary, the effective Minnesota state income tax rate is 4.5%, resulting in $3,589 in state taxes annually. Minnesota's marginal rate for this income level is higher, but credits and deductions reduce the effective rate.

How does Minnesota compare to other states for Accountants?

State tax burden is a key factor in take-home pay comparison. Minnesota's 4.5% effective state tax rate places it in the middle range nationally. To compare all states, use the "Salary by State" table above.

What other taxes does a Accountant pay in Minnesota?

In addition to federal and state income taxes, workers pay FICA taxes: Social Security (6.2% on wages up to the $168,600 wage base in 2025) and Medicare (1.45%, plus 0.9% surcharge on earnings over $200,000). Local income taxes may also apply in some Minnesota cities. Minnesota's property tax rate is 1.1%, and the state sales tax rate is 6.9%.

Calculations use 2025 federal and state tax rates. Single filer, standard deduction. Does not include local taxes, pre-tax retirement contributions, or employer benefits. Salary data sourced from U.S. Bureau of Labor Statistics (BLS) OEWS. Last updated: March 2025. For personalized calculations, use the Paycheck Calculator.