Minnesota vs Nevada Taxes: Income, Property & Sales

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

Minnesota vs Nevada Income Tax Comparison

	Minnesota	Nevada
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+	None
Median Income	$90,390	$72,330
Income Tax Paid On Median Household Income	$17,516	$8,680
Income After Tax Based on Median Household Income	$72,874	$63,650

Top Accounting Software:

Minnesota vs Nevada Property Tax Comparison

	Minnesota	Nevada
Average Property Tax Rate	0.90%	0.44%
Average House Price By State	$336,279	$431,413
Average Property Tax Owed Per Year	$3,027	$1,898
Income After Income Taxes & Property Taxes Based On Median State Household Income	$69,847	$61,752

Minnesota vs Nevada Sales Tax Comparison

	Minnesota	Nevada
Average State Sales Tax	6.88%	6.85%
Average Local Sales Tax Across the State	0.61%	1.38%
Average Combined Sales Tax Rate	7.49%	8.23%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,867	$4,696
Maximum Disposable Income Based on Median Household Income	$64,980	$57,056

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

	Minnesota	Nevada
Income Tax Owed	$4,490	$3,040
After Tax Income	$35,510	$36,960
Income After Income & Property Tax	$32,483	$35,062
Maximum Disposable Income After Income, Property & Sales Taxes	$30,220	$32,396

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

	Minnesota	Nevada
Income Tax Owed	$8,763	$5,968
After Tax Income	$51,237	$54,032
Income After Income & Property Tax	$48,210	$52,134
Maximum Disposable Income After Income, Property & Sales Taxes	$44,851	$48,169

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

	Minnesota	Nevada
Income Tax Owed	$14,523	$10,368
After Tax Income	$65,477	$69,632
Income After Income & Property Tax	$62,450	$67,734
Maximum Disposable Income After Income, Property & Sales Taxes	$58,099	$62,583

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

	Minnesota	Nevada
Income Tax Owed	$20,283	$14,768
After Tax Income	$79,717	$85,232
Income After Income & Property Tax	$76,690	$83,334
Maximum Disposable Income After Income, Property & Sales Taxes	$71,347	$76,997

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

	Minnesota	Nevada
Income Tax Owed	$12,931	$8,481
After Tax Income	$87,069	$91,519
Income After Income & Property Tax	$84,042	$89,621
Maximum Disposable Income After Income, Property & Sales Taxes	$78,186	$82,806

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

	Minnesota	Nevada
Income Tax Owed	$26,386	$18,536
After Tax Income	$123,614	$131,464
Income After Income & Property Tax	$120,587	$129,566
Maximum Disposable Income After Income, Property & Sales Taxes	$112,185	$119,713

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

	Minnesota	Nevada
Income Tax Owed	$40,903	$29,536
After Tax Income	$159,097	$170,464
Income After Income & Property Tax	$156,070	$168,566
Maximum Disposable Income After Income, Property & Sales Taxes	$145,195	$155,748

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

	Minnesota	Nevada
Income Tax Owed	$56,747	$41,455
After Tax Income	$193,253	$208,545
Income After Income & Property Tax	$190,226	$206,647
Maximum Disposable Income After Income, Property & Sales Taxes	$176,971	$190,933

FAQ

Does Minnesota or Nevada 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 Nevada’s income tax is the following None

Does Minnesota or Nevada have lower property taxes?

Minnesota has an average property tax rate of 0.90%

In comparison, Nevada has an average property tax rate of 0.44%

Does Minnesota or Nevada 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, Nevada has a state sales tax rate of 6.85% and an average local rate of 1.38% for a combined total rate of 8.23%.

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

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, Nevada gives you $57,056.

More Comparisons:

Minnesota vs Arkansas
Minnesota vs Mississippi
Minnesota vs Kansas
Minnesota vs New Mexico
Minnesota vs Nebraska

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/