Minnesota vs Oklahoma Taxes: Income, Property & Sales

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

Minnesota vs Oklahoma Income Tax Comparison

	Minnesota	Oklahoma
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+	0.25%: $0-$1,000 0.75%: $1,001-$2,500 1.75%: $2,501-$3,750 2.75%: $3,751-$4,900 3.75%: $4,901-$7,200 4.75%: $7,201+
Median Income	$90,390	$63,440
Income Tax Paid On Median Household Income	$17,516	$9,200
Income After Tax Based on Median Household Income	$72,874	$54,240

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Minnesota vs Oklahoma Property Tax Comparison

	Minnesota	Oklahoma
Average Property Tax Rate	0.90%	0.76%
Average House Price By State	$336,279	$200,203
Average Property Tax Owed Per Year	$3,027	$1,522
Income After Income Taxes & Property Taxes Based On Median State Household Income	$69,847	$52,718

Minnesota vs Oklahoma Sales Tax Comparison

	Minnesota	Oklahoma
Average State Sales Tax	6.88%	4.50%
Average Local Sales Tax Across the State	0.61%	4.47%
Average Combined Sales Tax Rate	7.49%	8.97%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,867	$4,340
Maximum Disposable Income Based on Median Household Income	$64,980	$48,379

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

	Minnesota	Oklahoma
Income Tax Owed	$4,490	$4,403
After Tax Income	$35,510	$35,597
Income After Income & Property Tax	$32,483	$34,075
Maximum Disposable Income After Income, Property & Sales Taxes	$30,220	$31,270

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

	Minnesota	Oklahoma
Income Tax Owed	$8,763	$8,280
After Tax Income	$51,237	$51,720
Income After Income & Property Tax	$48,210	$50,198
Maximum Disposable Income After Income, Property & Sales Taxes	$44,851	$46,066

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

	Minnesota	Oklahoma
Income Tax Owed	$14,523	$13,630
After Tax Income	$65,477	$66,370
Income After Income & Property Tax	$62,450	$64,848
Maximum Disposable Income After Income, Property & Sales Taxes	$58,099	$59,510

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

	Minnesota	Oklahoma
Income Tax Owed	$20,283	$18,980
After Tax Income	$79,717	$81,020
Income After Income & Property Tax	$76,690	$79,498
Maximum Disposable Income After Income, Property & Sales Taxes	$71,347	$72,954

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

	Minnesota	Oklahoma
Income Tax Owed	$12,931	$12,178
After Tax Income	$87,069	$87,822
Income After Income & Property Tax	$84,042	$86,300
Maximum Disposable Income After Income, Property & Sales Taxes	$78,186	$79,197

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

	Minnesota	Oklahoma
Income Tax Owed	$26,386	$24,608
After Tax Income	$123,614	$125,392
Income After Income & Property Tax	$120,587	$123,870
Maximum Disposable Income After Income, Property & Sales Taxes	$112,185	$113,674

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

	Minnesota	Oklahoma
Income Tax Owed	$40,903	$37,983
After Tax Income	$159,097	$162,017
Income After Income & Property Tax	$156,070	$160,495
Maximum Disposable Income After Income, Property & Sales Taxes	$145,195	$147,284

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

	Minnesota	Oklahoma
Income Tax Owed	$56,747	$52,277
After Tax Income	$193,253	$197,723
Income After Income & Property Tax	$190,226	$196,201
Maximum Disposable Income After Income, Property & Sales Taxes	$176,971	$180,051

FAQ

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

• 0.25%: $0-$1,000
• 0.75%: $1,001-$2,500
• 1.75%: $2,501-$3,750
• 2.75%: $3,751-$4,900
• 3.75%: $4,901-$7,200
• 4.75%: $7,201+

Does Minnesota or Oklahoma have lower property taxes?

Minnesota has an average property tax rate of 0.90%

In comparison, Oklahoma has an average property tax rate of 0.76%

Does Minnesota or Oklahoma 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, Oklahoma has a state sales tax rate of 4.50% and an average local rate of 4.47% for a combined total rate of 8.97%.

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

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, Oklahoma gives you $48,379.

More Comparisons:

Minnesota vs Connecticut
Minnesota vs Utah
Minnesota vs Iowa
Minnesota vs Nevada
Minnesota vs Arkansas

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/