Indiana vs Minnesota Taxes: Income, Property & Sales

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

Indiana vs Minnesota Income Tax Comparison

	Indiana	Minnesota
Income Tax Rates & Thresholds	3.23%	5.35%: $0-$28,080 6.80%: $28,081-$92,230 7.85%: $92,231-$171,220 9.85%: $171,221+
Median Income	$70,030	$90,390
Income Tax Paid On Median Household Income	$10,404	$17,516
Income After Tax Based on Median Household Income	$59,626	$72,874

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Indiana vs Minnesota Property Tax Comparison

	Indiana	Minnesota
Average Property Tax Rate	0.74%	0.90%
Average House Price By State	$232,390	$336,279
Average Property Tax Owed Per Year	$1,720	$3,027
Income After Income Taxes & Property Taxes Based On Median State Household Income	$57,906	$69,847

Indiana vs Minnesota Sales Tax Comparison

	Indiana	Minnesota
Average State Sales Tax	7.00%	6.88%
Average Local Sales Tax Across the State	0.00%	0.61%
Average Combined Sales Tax Rate	7.00%	7.49%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,788	$4,867
Maximum Disposable Income Based on Median Household Income	$54,118	$64,980

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

	Indiana	Minnesota
Income Tax Owed	$4,300	$4,490
After Tax Income	$35,700	$35,510
Income After Income & Property Tax	$33,980	$32,483
Maximum Disposable Income After Income, Property & Sales Taxes	$31,757	$30,220

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

	Indiana	Minnesota
Income Tax Owed	$7,873	$8,763
After Tax Income	$52,127	$51,237
Income After Income & Property Tax	$50,407	$48,210
Maximum Disposable Income After Income, Property & Sales Taxes	$47,110	$44,851

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

	Indiana	Minnesota
Income Tax Owed	$12,919	$14,523
After Tax Income	$67,081	$65,477
Income After Income & Property Tax	$65,361	$62,450
Maximum Disposable Income After Income, Property & Sales Taxes	$61,085	$58,099

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

	Indiana	Minnesota
Income Tax Owed	$17,965	$20,283
After Tax Income	$82,035	$79,717
Income After Income & Property Tax	$80,315	$76,690
Maximum Disposable Income After Income, Property & Sales Taxes	$75,061	$71,347

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

	Indiana	Minnesota
Income Tax Owed	$11,646	$12,931
After Tax Income	$88,354	$87,069
Income After Income & Property Tax	$86,634	$84,042
Maximum Disposable Income After Income, Property & Sales Taxes	$80,967	$78,186

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

	Indiana	Minnesota
Income Tax Owed	$23,316	$26,386
After Tax Income	$126,684	$123,614
Income After Income & Property Tax	$124,964	$120,587
Maximum Disposable Income After Income, Property & Sales Taxes	$116,789	$112,185

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

	Indiana	Minnesota
Income Tax Owed	$35,931	$40,903
After Tax Income	$164,069	$159,097
Income After Income & Property Tax	$162,349	$156,070
Maximum Disposable Income After Income, Property & Sales Taxes	$151,728	$145,195

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

	Indiana	Minnesota
Income Tax Owed	$49,465	$56,747
After Tax Income	$200,535	$193,253
Income After Income & Property Tax	$198,815	$190,226
Maximum Disposable Income After Income, Property & Sales Taxes	$185,809	$176,971

FAQ

Does Indiana or Minnesota have lower income taxes?

Indiana’s income tax falls into the following range: 3.23%

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 Indiana or Minnesota have lower property taxes?

Indiana has an average property tax rate of 0.74%

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

Does Indiana or Minnesota have lower sales taxes?

Indiana has a state sales tax rate of 7.00% and an average local rate of 0.00% for a combined total rate of 7.00%.

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 Indiana or Minnesota?

Based on median household income after income, property and sales taxes Indiana gives you a maximum amount of disposable income of $54,118

In comparison, Minnesota gives you $64,980.

More Comparisons:

Indiana vs South Carolina
Indiana vs Alabama
Indiana vs Louisiana
Indiana vs Kentucky
Indiana 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/