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FinanceMinnesota (MN)

Bank Teller Salary in Minnesota

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

$38,040
Gross Salary
national median
$31,647
Annual Take-Home
83.2% of gross
$2,637
Monthly Take-Home
after all taxes
$1,217
Bi-Weekly Paycheck
after all taxes

Full Tax Breakdown โ€” Minnesota

Based on national median Bank Teller salary of $38,040, single filer, 2025 tax year

Gross Annual Salary
$38,040
Deductions
Federal Income Tax
Effective rate: 6.6%
-$2,526
Minnesota State Income Tax
Effective rate: 2.5%
-$957
Social Security Tax
6.2% up to wage base
-$2,358
Medicare Tax
1.45%
-$552
Total Taxes
16.8% effective rate
-$6,393
Net Take-Home Pay (Annual)
$31,647
Net Take-Home Pay (Monthly)
$2,637
Net Take-Home Pay (Bi-Weekly)
$1,217

Where Your Money Goes

Take-Home Pay$31,647 (83.2%)
Federal Income Tax$2,526 (6.6%)
Minnesota State Tax$957 (2.5%)
FICA (SS + Medicare)$2,910 (7.6%)

Minnesota vs. National Average

National Median Salary
$38,040
Used for calculations on this page
State Income Tax
$957/yr
Effective rate: 2.5%
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€” Bank Teller in Minnesota

How much does a Bank Teller take home in Minnesota?

On a national median salary of $38,040, a Bank Teller in Minnesota takes home approximately $31,647/year ($2,637/month) after federal income tax, Minnesota state income tax, and FICA taxes. This represents an effective total tax rate of 16.8%.

What is the Minnesota state income tax rate for a Bank Teller?

On a $38,040 salary, the effective Minnesota state income tax rate is 2.5%, resulting in $957 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 Bank Tellers?

State tax burden is a key factor in take-home pay comparison. Minnesota's 2.5% 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 Bank Teller 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.