Maryland vs Minnesota Taxes: Income, Property & Sales

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

Maryland vs Minnesota Income Tax Comparison

	Maryland	Minnesota
Income Tax Rates & Thresholds	2.00%: $0-$1,000 3.00%: $1,001-$2,000 4.00%: $2,001-$3,000 4.75%: $3,001-$100,000 5.00%: $100,001-$125,000 5.25%: $125,001-$150,000 5.50%: $150,001-$250,000 5.75%: $250,001+	5.35%: $0-$28,080 6.80%: $28,081-$92,230 7.85%: $92,231-$171,220 9.85%: $171,221+
Median Income	$108,200	$90,390
Income Tax Paid On Median Household Income	$21,525	$17,516
Income After Tax Based on Median Household Income	$86,675	$72,874

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Maryland vs Minnesota Property Tax Comparison

	Maryland	Minnesota
Average Property Tax Rate	0.76%	0.90%
Average House Price By State	$416,643	$336,279
Average Property Tax Owed Per Year	$3,166	$3,027
Income After Income Taxes & Property Taxes Based On Median State Household Income	$83,509	$69,847

Maryland vs Minnesota Sales Tax Comparison

	Maryland	Minnesota
Average State Sales Tax	6.00%	6.88%
Average Local Sales Tax Across the State	0.00%	0.61%
Average Combined Sales Tax Rate	6.00%	7.49%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,727	$4,867
Maximum Disposable Income Based on Median Household Income	$78,782	$64,980

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

	Maryland	Minnesota
Income Tax Owed	$4,624	$4,490
After Tax Income	$35,376	$35,510
Income After Income & Property Tax	$32,210	$32,483
Maximum Disposable Income After Income, Property & Sales Taxes	$30,386	$30,220

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

	Maryland	Minnesota
Income Tax Owed	$8,502	$8,763
After Tax Income	$51,498	$51,237
Income After Income & Property Tax	$48,332	$48,210
Maximum Disposable Income After Income, Property & Sales Taxes	$45,596	$44,851

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

	Maryland	Minnesota
Income Tax Owed	$13,852	$14,523
After Tax Income	$66,148	$65,477
Income After Income & Property Tax	$62,982	$62,450
Maximum Disposable Income After Income, Property & Sales Taxes	$59,417	$58,099

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

	Maryland	Minnesota
Income Tax Owed	$19,202	$20,283
After Tax Income	$80,798	$79,717
Income After Income & Property Tax	$77,632	$76,690
Maximum Disposable Income After Income, Property & Sales Taxes	$73,237	$71,347

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

	Maryland	Minnesota
Income Tax Owed	$12,651	$12,931
After Tax Income	$87,349	$87,069
Income After Income & Property Tax	$84,183	$84,042
Maximum Disposable Income After Income, Property & Sales Taxes	$79,417	$78,186

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

	Maryland	Minnesota
Income Tax Owed	$25,081	$26,386
After Tax Income	$124,919	$123,614
Income After Income & Property Tax	$121,753	$120,587
Maximum Disposable Income After Income, Property & Sales Taxes	$114,861	$112,185

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

	Maryland	Minnesota
Income Tax Owed	$38,588	$40,903
After Tax Income	$161,412	$159,097
Income After Income & Property Tax	$158,246	$156,070
Maximum Disposable Income After Income, Property & Sales Taxes	$149,288	$145,195

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

	Maryland	Minnesota
Income Tax Owed	$53,167	$56,747
After Tax Income	$196,833	$193,253
Income After Income & Property Tax	$193,667	$190,226
Maximum Disposable Income After Income, Property & Sales Taxes	$182,704	$176,971

FAQ

Does Maryland or Minnesota have lower income taxes?

Maryland’s income tax falls into the following range:

• 2.00%: $0-$1,000
• 3.00%: $1,001-$2,000
• 4.00%: $2,001-$3,000
• 4.75%: $3,001-$100,000
• 5.00%: $100,001-$125,000
• 5.25%: $125,001-$150,000
• 5.50%: $150,001-$250,000
• 5.75%: $250,001+

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 Maryland or Minnesota have lower property taxes?

Maryland has an average property tax rate of 0.76%

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

Does Maryland or Minnesota have lower sales taxes?

Maryland has a state sales tax rate of 6.00% and an average local rate of 0.00% for a combined total rate of 6.00%.

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 Maryland or Minnesota?

Based on median household income after income, property and sales taxes Maryland gives you a maximum amount of disposable income of $78,782

In comparison, Minnesota gives you $64,980.

More Comparisons:

Maryland vs South Carolina
Maryland vs Alabama
Maryland vs Louisiana
Maryland vs Kentucky
Maryland 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/