Does Minnesota or New Hampshire have lower taxes? We answer that in a variety of ways below:
Minnesota vs New Hampshire Income Tax Comparison
Minnesota | New Hampshire | |
Income Tax Rates & Thresholds |
| 5% on interest and dividends only |
Median Income | $90,390 | $84,970 |
Income Tax Paid On Median Household Income | $17,516 | $11,461 |
Income After Tax Based on Median Household Income | $72,874 | $73,509 |
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Minnesota vs New Hampshire Property Tax Comparison
Minnesota | New Hampshire | |
Average Property Tax Rate | 0.90% | 1.28% |
Average House Price By State | $336,279 | $467,775 |
Average Property Tax Owed Per Year | $3,027 | $5,988 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $69,847 | $67,521 |
Minnesota vs New Hampshire Sales Tax Comparison
Minnesota | New Hampshire | |
Average State Sales Tax | 6.88% | 0.00% |
Average Local Sales Tax Across the State | 0.61% | 0.00% |
Average Combined Sales Tax Rate | 7.49% | 0.00% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,867 | $0 |
Maximum Disposable Income Based on Median Household Income | $64,980 | $67,521 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Minnesota | New Hampshire | |
Income Tax Owed | $4,490 | $3,040 |
After Tax Income | $35,510 | $36,960 |
Income After Income & Property Tax | $32,483 | $30,972 |
Maximum Disposable Income After Income, Property & Sales Taxes | $30,220 | $30,972 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Minnesota | New Hampshire | |
Income Tax Owed | $8,763 | $5,968 |
After Tax Income | $51,237 | $54,032 |
Income After Income & Property Tax | $48,210 | $48,044 |
Maximum Disposable Income After Income, Property & Sales Taxes | $44,851 | $48,044 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Minnesota | New Hampshire | |
Income Tax Owed | $14,523 | $10,368 |
After Tax Income | $65,477 | $69,632 |
Income After Income & Property Tax | $62,450 | $63,644 |
Maximum Disposable Income After Income, Property & Sales Taxes | $58,099 | $63,644 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Minnesota | New Hampshire | |
Income Tax Owed | $20,283 | $14,768 |
After Tax Income | $79,717 | $85,232 |
Income After Income & Property Tax | $76,690 | $79,244 |
Maximum Disposable Income After Income, Property & Sales Taxes | $71,347 | $79,244 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Minnesota | New Hampshire | |
Income Tax Owed | $12,931 | $8,481 |
After Tax Income | $87,069 | $91,519 |
Income After Income & Property Tax | $84,042 | $85,531 |
Maximum Disposable Income After Income, Property & Sales Taxes | $78,186 | $85,531 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Minnesota | New Hampshire | |
Income Tax Owed | $26,386 | $18,536 |
After Tax Income | $123,614 | $131,464 |
Income After Income & Property Tax | $120,587 | $125,476 |
Maximum Disposable Income After Income, Property & Sales Taxes | $112,185 | $125,476 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Minnesota | New Hampshire | |
Income Tax Owed | $40,903 | $29,536 |
After Tax Income | $159,097 | $170,464 |
Income After Income & Property Tax | $156,070 | $164,476 |
Maximum Disposable Income After Income, Property & Sales Taxes | $145,195 | $164,476 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Minnesota | New Hampshire | |
Income Tax Owed | $56,747 | $41,455 |
After Tax Income | $193,253 | $208,545 |
Income After Income & Property Tax | $190,226 | $202,557 |
Maximum Disposable Income After Income, Property & Sales Taxes | $176,971 | $202,557 |
FAQ
Does Minnesota or New Hampshire 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 New Hampshire’s income tax is the following 5% on interest and dividends only
Does Minnesota or New Hampshire have lower property taxes?
Minnesota has an average property tax rate of 0.90%
In comparison, New Hampshire has an average property tax rate of 1.28%
Does Minnesota or New Hampshire 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, New Hampshire has a state sales tax rate of 0.00% and an average local rate of 0.00% for a combined total rate of 0.00%.
Do you get to keep more money in Minnesota or New Hampshire?
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, New Hampshire gives you $67,521.
More Comparisons:
Minnesota vs Maine
Minnesota vs Montana
Minnesota vs Rhode Island
Minnesota vs Delaware
Minnesota vs South Dakota
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