Does Michigan or Minnesota have lower taxes? We answer that in a variety of ways below:
Michigan vs Minnesota Income Tax Comparison
Michigan | Minnesota | |
Income Tax Rates & Thresholds | 4.25% |
|
Median Income | $68,990 | $90,390 |
Income Tax Paid On Median Household Income | $10,665 | $17,516 |
Income After Tax Based on Median Household Income | $58,325 | $72,874 |
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Michigan vs Minnesota Property Tax Comparison
Michigan | Minnesota | |
Average Property Tax Rate | 1.06% | 0.90% |
Average House Price By State | $233,019 | $336,279 |
Average Property Tax Owed Per Year | $2,470 | $3,027 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $55,855 | $69,847 |
Michigan vs Minnesota Sales Tax Comparison
Michigan | 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 | $3,162 | $4,867 |
Maximum Disposable Income Based on Median Household Income | $52,693 | $64,980 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Michigan | Minnesota | |
Income Tax Owed | $4,528 | $4,490 |
After Tax Income | $35,472 | $35,510 |
Income After Income & Property Tax | $33,002 | $32,483 |
Maximum Disposable Income After Income, Property & Sales Taxes | $31,134 | $30,220 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Michigan | Minnesota | |
Income Tax Owed | $8,305 | $8,763 |
After Tax Income | $51,695 | $51,237 |
Income After Income & Property Tax | $49,225 | $48,210 |
Maximum Disposable Income After Income, Property & Sales Taxes | $46,439 | $44,851 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Michigan | Minnesota | |
Income Tax Owed | $13,555 | $14,523 |
After Tax Income | $66,445 | $65,477 |
Income After Income & Property Tax | $63,975 | $62,450 |
Maximum Disposable Income After Income, Property & Sales Taxes | $60,354 | $58,099 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Michigan | Minnesota | |
Income Tax Owed | $18,805 | $20,283 |
After Tax Income | $81,195 | $79,717 |
Income After Income & Property Tax | $78,725 | $76,690 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,269 | $71,347 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Michigan | Minnesota | |
Income Tax Owed | $12,306 | $12,931 |
After Tax Income | $87,694 | $87,069 |
Income After Income & Property Tax | $85,224 | $84,042 |
Maximum Disposable Income After Income, Property & Sales Taxes | $80,400 | $78,186 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Michigan | Minnesota | |
Income Tax Owed | $24,486 | $26,386 |
After Tax Income | $125,514 | $123,614 |
Income After Income & Property Tax | $123,044 | $120,587 |
Maximum Disposable Income After Income, Property & Sales Taxes | $116,079 | $112,185 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Michigan | Minnesota | |
Income Tax Owed | $37,611 | $40,903 |
After Tax Income | $162,389 | $159,097 |
Income After Income & Property Tax | $159,919 | $156,070 |
Maximum Disposable Income After Income, Property & Sales Taxes | $150,867 | $145,195 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Michigan | Minnesota | |
Income Tax Owed | $51,655 | $56,747 |
After Tax Income | $198,345 | $193,253 |
Income After Income & Property Tax | $195,875 | $190,226 |
Maximum Disposable Income After Income, Property & Sales Taxes | $184,788 | $176,971 |
FAQ
Does Michigan or Minnesota have lower income taxes?
Michigan’s income tax falls into the following range: 4.25%
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 Michigan or Minnesota have lower property taxes?
Michigan has an average property tax rate of 1.06%
In comparison, Minnesota has an average property tax rate of 0.90%
Does Michigan or Minnesota have lower sales taxes?
Michigan 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 Michigan or Minnesota?
Based on median household income after income, property and sales taxes Michigan gives you a maximum amount of disposable income of $52,693
In comparison, Minnesota gives you $64,980.
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