Minnesota vs Arkansas Taxes: Income, Property & Sales

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

Minnesota vs Arkansas Income Tax Comparison

	Minnesota	Arkansas
Income Tax Rates & Thresholds	5.35%: $0-$28,080 6.80%: $28,081-$92,230 7.85%: $92,231-$171,220 9.85%: $171,221+	2.00%: $0-$4,300 4.00%: $4,300-$8,500 4.90%: $8,501+
Median Income	$90,390	$53,980
Income Tax Paid On Median Household Income	$17,516	$7,352
Income After Tax Based on Median Household Income	$72,874	$46,628

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Minnesota vs Arkansas Property Tax Comparison

	Minnesota	Arkansas
Average Property Tax Rate	0.90%	0.53%
Average House Price By State	$336,279	$199,284
Average Property Tax Owed Per Year	$3,027	$1,056
Income After Income Taxes & Property Taxes Based On Median State Household Income	$69,847	$45,572

Minnesota vs Arkansas Sales Tax Comparison

	Minnesota	Arkansas
Average State Sales Tax	6.88%	6.50%
Average Local Sales Tax Across the State	0.61%	2.97%
Average Combined Sales Tax Rate	7.49%	9.47%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,867	$3,942
Maximum Disposable Income Based on Median Household Income	$64,980	$41,629

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

	Minnesota	Arkansas
Income Tax Owed	$4,490	$4,906
After Tax Income	$35,510	$35,094
Income After Income & Property Tax	$32,483	$34,038
Maximum Disposable Income After Income, Property & Sales Taxes	$30,220	$31,093

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

	Minnesota	Arkansas
Income Tax Owed	$8,763	$8,933
After Tax Income	$51,237	$51,067
Income After Income & Property Tax	$48,210	$50,011
Maximum Disposable Income After Income, Property & Sales Taxes	$44,851	$45,684

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

	Minnesota	Arkansas
Income Tax Owed	$14,523	$14,433
After Tax Income	$65,477	$65,567
Income After Income & Property Tax	$62,450	$64,511
Maximum Disposable Income After Income, Property & Sales Taxes	$58,099	$58,930

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

	Minnesota	Arkansas
Income Tax Owed	$20,283	$19,933
After Tax Income	$79,717	$80,067
Income After Income & Property Tax	$76,690	$79,011
Maximum Disposable Income After Income, Property & Sales Taxes	$71,347	$72,176

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

	Minnesota	Arkansas
Income Tax Owed	$12,931	$13,525
After Tax Income	$87,069	$86,475
Income After Income & Property Tax	$84,042	$85,419
Maximum Disposable Income After Income, Property & Sales Taxes	$78,186	$78,029

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

	Minnesota	Arkansas
Income Tax Owed	$26,386	$26,330
After Tax Income	$123,614	$123,670
Income After Income & Property Tax	$120,587	$122,614
Maximum Disposable Income After Income, Property & Sales Taxes	$112,185	$112,007

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

	Minnesota	Arkansas
Income Tax Owed	$40,903	$40,080
After Tax Income	$159,097	$159,920
Income After Income & Property Tax	$156,070	$158,864
Maximum Disposable Income After Income, Property & Sales Taxes	$145,195	$145,121

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

	Minnesota	Arkansas
Income Tax Owed	$56,747	$54,749
After Tax Income	$193,253	$195,251
Income After Income & Property Tax	$190,226	$194,195
Maximum Disposable Income After Income, Property & Sales Taxes	$176,971	$177,395

FAQ

Does Minnesota or Arkansas have lower income taxes?

Minnesota’s income tax falls into the following range:

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

Whereas Arkansas’s income tax is the following

• 2.00%: $0-$4,300
• 4.00%: $4,300-$8,500
• 4.90%: $8,501+

Does Minnesota or Arkansas have lower property taxes?

Minnesota has an average property tax rate of 0.90%

In comparison, Arkansas has an average property tax rate of 0.53%

Does Minnesota or Arkansas have lower sales taxes?

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%.

In contrast, Arkansas has a state sales tax rate of 6.50% and an average local rate of 2.97% for a combined total rate of 9.47%.

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

Based on median household income after income, property and sales taxes Minnesota gives you a maximum amount of disposable income of $64,980

In comparison, Arkansas gives you $41,629.

More Comparisons:

Minnesota vs Mississippi
Minnesota vs Kansas
Minnesota vs New Mexico
Minnesota vs Nebraska
Minnesota vs Idaho

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/