Minnesota vs Mississippi Taxes: Income, Property & Sales

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

Minnesota vs Mississippi Income Tax Comparison

	Minnesota	Mississippi
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+	4.00%: $5,000-$10,000 5.00%: $10,001+
Median Income	$90,390	$48,610
Income Tax Paid On Median Household Income	$17,516	$5,789
Income After Tax Based on Median Household Income	$72,874	$42,821

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Minnesota vs Mississippi Property Tax Comparison

	Minnesota	Mississippi
Average Property Tax Rate	0.90%	0.55%
Average House Price By State	$336,279	$171,998
Average Property Tax Owed Per Year	$3,027	$946
Income After Income Taxes & Property Taxes Based On Median State Household Income	$69,847	$41,875

Minnesota vs Mississippi Sales Tax Comparison

	Minnesota	Mississippi
Average State Sales Tax	6.88%	7.00%
Average Local Sales Tax Across the State	0.61%	0.07%
Average Combined Sales Tax Rate	7.49%	7.07%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,867	$2,765
Maximum Disposable Income Based on Median Household Income	$64,980	$39,110

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

	Minnesota	Mississippi
Income Tax Owed	$4,490	$4,325
After Tax Income	$35,510	$35,675
Income After Income & Property Tax	$32,483	$34,729
Maximum Disposable Income After Income, Property & Sales Taxes	$30,220	$32,436

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

	Minnesota	Mississippi
Income Tax Owed	$8,763	$8,253
After Tax Income	$51,237	$51,747
Income After Income & Property Tax	$48,210	$50,801
Maximum Disposable Income After Income, Property & Sales Taxes	$44,851	$47,447

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

	Minnesota	Mississippi
Income Tax Owed	$14,523	$13,653
After Tax Income	$65,477	$66,347
Income After Income & Property Tax	$62,450	$65,401
Maximum Disposable Income After Income, Property & Sales Taxes	$58,099	$61,082

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

	Minnesota	Mississippi
Income Tax Owed	$20,283	$19,053
After Tax Income	$79,717	$80,947
Income After Income & Property Tax	$76,690	$80,001
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	Mississippi
Income Tax Owed	$12,931	$12,351
After Tax Income	$87,069	$87,649
Income After Income & Property Tax	$84,042	$86,703
Maximum Disposable Income After Income, Property & Sales Taxes	$78,186	$80,978

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

	Minnesota	Mississippi
Income Tax Owed	$26,386	$24,906
After Tax Income	$123,614	$125,094
Income After Income & Property Tax	$120,587	$124,148
Maximum Disposable Income After Income, Property & Sales Taxes	$112,185	$115,950

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

	Minnesota	Mississippi
Income Tax Owed	$40,903	$38,406
After Tax Income	$159,097	$161,594
Income After Income & Property Tax	$156,070	$160,648
Maximum Disposable Income After Income, Property & Sales Taxes	$145,195	$150,040

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

	Minnesota	Mississippi
Income Tax Owed	$56,747	$52,825
After Tax Income	$193,253	$197,175
Income After Income & Property Tax	$190,226	$196,229
Maximum Disposable Income After Income, Property & Sales Taxes	$176,971	$183,272

FAQ

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

• 4.00%: $5,000-$10,000
• 5.00%: $10,001+

Does Minnesota or Mississippi have lower property taxes?

Minnesota has an average property tax rate of 0.90%

In comparison, Mississippi has an average property tax rate of 0.55%

Does Minnesota or Mississippi 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, Mississippi has a state sales tax rate of 7.00% and an average local rate of 0.07% for a combined total rate of 7.07%.

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

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, Mississippi gives you $39,110.

More Comparisons:

Minnesota vs Kansas
Minnesota vs New Mexico
Minnesota vs Nebraska
Minnesota vs Idaho
Minnesota vs West Virginia

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/