Illinois vs Minnesota Taxes: Income, Property & Sales

Does Illinois or Minnesota have lower taxes? We answer that in a variety of ways below:

Illinois vs Minnesota Income Tax Comparison

	Illinois	Minnesota
Income Tax Rates & Thresholds	4.95%	5.35%: $0-$28,080 6.80%: $28,081-$92,230 7.85%: $92,231-$171,220 9.85%: $171,221+
Median Income	$78,020	$90,390
Income Tax Paid On Median Household Income	$13,677	$17,516
Income After Tax Based on Median Household Income	$64,343	$72,874

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Illinois vs Minnesota Property Tax Comparison

	Illinois	Minnesota
Average Property Tax Rate	1.78%	0.90%
Average House Price By State	$254,128	$336,279
Average Property Tax Owed Per Year	$4,523	$3,027
Income After Income Taxes & Property Taxes Based On Median State Household Income	$59,820	$69,847

Illinois vs Minnesota Sales Tax Comparison

	Illinois	Minnesota
Average State Sales Tax	6.25%	6.88%
Average Local Sales Tax Across the State	2.56%	0.61%
Average Combined Sales Tax Rate	8.81%	7.49%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,843	$4,867
Maximum Disposable Income Based on Median Household Income	$54,976	$64,980

After Tax Comparison Earning $40,000 Per Year Filing As Single

	Illinois	Minnesota
Income Tax Owed	$4,903	$4,490
After Tax Income	$35,097	$35,510
Income After Income & Property Tax	$30,574	$32,483
Maximum Disposable Income After Income, Property & Sales Taxes	$28,098	$30,220

After Tax Comparison Earning $60,000 Per Year Filing As Single

	Illinois	Minnesota
Income Tax Owed	$8,820	$8,763
After Tax Income	$51,180	$51,237
Income After Income & Property Tax	$46,657	$48,210
Maximum Disposable Income After Income, Property & Sales Taxes	$42,879	$44,851

After Tax Comparison Earning $80,000 Per Year Filing As Single

	Illinois	Minnesota
Income Tax Owed	$14,210	$14,523
After Tax Income	$65,790	$65,477
Income After Income & Property Tax	$61,267	$62,450
Maximum Disposable Income After Income, Property & Sales Taxes	$56,306	$58,099

After Tax Comparison Earning $100,000 Per Year Filing As Single

	Illinois	Minnesota
Income Tax Owed	$19,600	$20,283
After Tax Income	$80,400	$79,717
Income After Income & Property Tax	$75,877	$76,690
Maximum Disposable Income After Income, Property & Sales Taxes	$69,733	$71,347

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	Illinois	Minnesota
Income Tax Owed	$13,196	$12,931
After Tax Income	$86,804	$87,069
Income After Income & Property Tax	$82,281	$84,042
Maximum Disposable Income After Income, Property & Sales Taxes	$75,619	$78,186

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	Illinois	Minnesota
Income Tax Owed	$25,726	$26,386
After Tax Income	$124,274	$123,614
Income After Income & Property Tax	$119,751	$120,587
Maximum Disposable Income After Income, Property & Sales Taxes	$110,055	$112,185

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	Illinois	Minnesota
Income Tax Owed	$39,201	$40,903
After Tax Income	$160,799	$159,097
Income After Income & Property Tax	$156,276	$156,070
Maximum Disposable Income After Income, Property & Sales Taxes	$143,622	$145,195

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	Illinois	Minnesota
Income Tax Owed	$53,595	$56,747
After Tax Income	$196,405	$193,253
Income After Income & Property Tax	$191,882	$190,226
Maximum Disposable Income After Income, Property & Sales Taxes	$176,345	$176,971

FAQ

Does Illinois or Minnesota have lower income taxes?

Illinois’s income tax falls into the following range: 4.95%

Whereas Minnesota’s income tax is the following

• 5.35%: $0-$28,080
• 6.80%: $28,081-$92,230
• 7.85%: $92,231-$171,220
• 9.85%: $171,221+

Does Illinois or Minnesota have lower property taxes?

Illinois has an average property tax rate of 1.78%

In comparison, Minnesota has an average property tax rate of 0.90%

Does Illinois or Minnesota have lower sales taxes?

Illinois has a state sales tax rate of 6.25% and an average local rate of 2.56% for a combined total rate of 8.81%.

In contrast, Minnesota has a state sales tax rate of 6.88% and an average local rate of 0.61% for a combined total rate of 7.49%.

Do you get to keep more money in Illinois or Minnesota?

Based on median household income after income, property and sales taxes Illinois gives you a maximum amount of disposable income of $54,976

In comparison, Minnesota gives you $64,980.

More Comparisons:

Illinois vs South Carolina
Illinois vs Alabama
Illinois vs Louisiana
Illinois vs Kentucky
Illinois vs Oregon

Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/