Minnesota vs Kentucky Taxes: Income, Property & Sales

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

Minnesota vs Kentucky Income Tax Comparison

	Minnesota	Kentucky
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+	5.00%
Median Income	$90,390	$55,880
Income Tax Paid On Median Household Income	$17,516	$7,680
Income After Tax Based on Median Household Income	$72,874	$48,200

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Minnesota vs Kentucky Property Tax Comparison

	Minnesota	Kentucky
Average Property Tax Rate	0.90%	0.60%
Average House Price By State	$336,279	$201,033
Average Property Tax Owed Per Year	$3,027	$1,206
Income After Income Taxes & Property Taxes Based On Median State Household Income	$69,847	$46,994

Minnesota vs Kentucky Sales Tax Comparison

	Minnesota	Kentucky
Average State Sales Tax	6.88%	6.00%
Average Local Sales Tax Across the State	0.61%	0.00%
Average Combined Sales Tax Rate	7.49%	6.00%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,867	$2,660
Maximum Disposable Income Based on Median Household Income	$64,980	$44,334

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

	Minnesota	Kentucky
Income Tax Owed	$4,490	$4,865
After Tax Income	$35,510	$35,135
Income After Income & Property Tax	$32,483	$33,929
Maximum Disposable Income After Income, Property & Sales Taxes	$30,220	$32,008

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

	Minnesota	Kentucky
Income Tax Owed	$8,763	$8,793
After Tax Income	$51,237	$51,207
Income After Income & Property Tax	$48,210	$50,001
Maximum Disposable Income After Income, Property & Sales Taxes	$44,851	$47,171

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

	Minnesota	Kentucky
Income Tax Owed	$14,523	$14,193
After Tax Income	$65,477	$65,807
Income After Income & Property Tax	$62,450	$64,601
Maximum Disposable Income After Income, Property & Sales Taxes	$58,099	$60,944

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

	Minnesota	Kentucky
Income Tax Owed	$20,283	$19,593
After Tax Income	$79,717	$80,407
Income After Income & Property Tax	$76,690	$79,201
Maximum Disposable Income After Income, Property & Sales Taxes	$71,347	$74,718

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

	Minnesota	Kentucky
Income Tax Owed	$12,931	$13,081
After Tax Income	$87,069	$86,919
Income After Income & Property Tax	$84,042	$85,713
Maximum Disposable Income After Income, Property & Sales Taxes	$78,186	$80,861

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

	Minnesota	Kentucky
Income Tax Owed	$26,386	$25,636
After Tax Income	$123,614	$124,364
Income After Income & Property Tax	$120,587	$123,158
Maximum Disposable Income After Income, Property & Sales Taxes	$112,185	$116,187

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

	Minnesota	Kentucky
Income Tax Owed	$40,903	$39,136
After Tax Income	$159,097	$160,864
Income After Income & Property Tax	$156,070	$159,658
Maximum Disposable Income After Income, Property & Sales Taxes	$145,195	$150,621

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

	Minnesota	Kentucky
Income Tax Owed	$56,747	$53,555
After Tax Income	$193,253	$196,445
Income After Income & Property Tax	$190,226	$195,239
Maximum Disposable Income After Income, Property & Sales Taxes	$176,971	$184,188

FAQ

Does Minnesota or Kentucky 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 Kentucky’s income tax is the following 5.00%

Does Minnesota or Kentucky have lower property taxes?

Minnesota has an average property tax rate of 0.90%

In comparison, Kentucky has an average property tax rate of 0.60%

Does Minnesota or Kentucky 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, Kentucky 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%.

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

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, Kentucky gives you $44,334.

More Comparisons:

Minnesota vs Oregon
Minnesota vs Oklahoma
Minnesota vs Connecticut
Minnesota vs Utah
Minnesota vs Iowa

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/