Minnesota vs Connecticut Taxes: Income, Property & Sales

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

Minnesota vs Connecticut Income Tax Comparison

	Minnesota	Connecticut
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+	3.00%: $0-$10,000 5.00%: $10,000-$50,000 5.50%: $50,001-$100,000 6.00%: $100,001-$200,000 6.50%: $200,001-$250,000 6.90%: $250,001-$500,000 6.99%: $500,001+
Median Income	$90,390	$90,730
Income Tax Paid On Median Household Income	$17,516	$16,444
Income After Tax Based on Median Household Income	$72,874	$74,286

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Minnesota vs Connecticut Property Tax Comparison

	Minnesota	Connecticut
Average Property Tax Rate	0.90%	1.57%
Average House Price By State	$336,279	$401,285
Average Property Tax Owed Per Year	$3,027	$6,300
Income After Income Taxes & Property Taxes Based On Median State Household Income	$69,847	$67,986

Minnesota vs Connecticut Sales Tax Comparison

	Minnesota	Connecticut
Average State Sales Tax	6.88%	6.35%
Average Local Sales Tax Across the State	0.61%	0.00%
Average Combined Sales Tax Rate	7.49%	6.35%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,867	$4,059
Maximum Disposable Income Based on Median Household Income	$64,980	$63,926

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

	Minnesota	Connecticut
Income Tax Owed	$4,490	$4,090
After Tax Income	$35,510	$35,910
Income After Income & Property Tax	$32,483	$29,610
Maximum Disposable Income After Income, Property & Sales Taxes	$30,220	$27,842

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

	Minnesota	Connecticut
Income Tax Owed	$8,763	$8,018
After Tax Income	$51,237	$51,982
Income After Income & Property Tax	$48,210	$45,682
Maximum Disposable Income After Income, Property & Sales Taxes	$44,851	$42,954

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

	Minnesota	Connecticut
Income Tax Owed	$14,523	$13,493
After Tax Income	$65,477	$66,507
Income After Income & Property Tax	$62,450	$60,207
Maximum Disposable Income After Income, Property & Sales Taxes	$58,099	$56,612

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

	Minnesota	Connecticut
Income Tax Owed	$20,283	$18,993
After Tax Income	$79,717	$81,007
Income After Income & Property Tax	$76,690	$74,707
Maximum Disposable Income After Income, Property & Sales Taxes	$71,347	$70,246

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

	Minnesota	Connecticut
Income Tax Owed	$12,931	$11,881
After Tax Income	$87,069	$88,119
Income After Income & Property Tax	$84,042	$81,819
Maximum Disposable Income After Income, Property & Sales Taxes	$78,186	$76,934

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

	Minnesota	Connecticut
Income Tax Owed	$26,386	$24,566
After Tax Income	$123,614	$125,434
Income After Income & Property Tax	$120,587	$119,134
Maximum Disposable Income After Income, Property & Sales Taxes	$112,185	$112,021

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

	Minnesota	Connecticut
Income Tax Owed	$40,903	$38,316
After Tax Income	$159,097	$161,684
Income After Income & Property Tax	$156,070	$155,384
Maximum Disposable Income After Income, Property & Sales Taxes	$145,195	$146,106

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

	Minnesota	Connecticut
Income Tax Owed	$56,747	$53,115
After Tax Income	$193,253	$196,885
Income After Income & Property Tax	$190,226	$190,585
Maximum Disposable Income After Income, Property & Sales Taxes	$176,971	$179,205

FAQ

Does Minnesota or Connecticut 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 Connecticut’s income tax is the following

• 3.00%: $0-$10,000
• 5.00%: $10,000-$50,000
• 5.50%: $50,001-$100,000
• 6.00%: $100,001-$200,000
• 6.50%: $200,001-$250,000
• 6.90%: $250,001-$500,000
• 6.99%: $500,001+

Does Minnesota or Connecticut have lower property taxes?

Minnesota has an average property tax rate of 0.90%

In comparison, Connecticut has an average property tax rate of 1.57%

Does Minnesota or Connecticut 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, Connecticut has a state sales tax rate of 6.35% and an average local rate of 0.00% for a combined total rate of 6.35%.

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

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, Connecticut gives you $63,926.

More Comparisons:

Minnesota vs Utah
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Minnesota vs Nevada
Minnesota vs Arkansas
Minnesota vs Mississippi

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/