Minnesota vs South Carolina Taxes: Income, Property & Sales

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

Minnesota vs South Carolina Income Tax Comparison

	Minnesota	South Carolina
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+	0.00%: $0-$3,200 3.00%: $3,201-$16,040 6.50%: $16,041+
Median Income	$90,390	$61,770
Income Tax Paid On Median Household Income	$17,516	$9,230
Income After Tax Based on Median Household Income	$72,874	$52,540

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Minnesota vs South Carolina Property Tax Comparison

	Minnesota	South Carolina
Average Property Tax Rate	0.90%	0.46%
Average House Price By State	$336,279	$289,791
Average Property Tax Owed Per Year	$3,027	$1,333
Income After Income Taxes & Property Taxes Based On Median State Household Income	$69,847	$51,207

Minnesota vs South Carolina Sales Tax Comparison

	Minnesota	South Carolina
Average State Sales Tax	6.88%	6.00%
Average Local Sales Tax Across the State	0.61%	1.44%
Average Combined Sales Tax Rate	7.49%	7.44%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,867	$3,546
Maximum Disposable Income Based on Median Household Income	$64,980	$47,661

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

	Minnesota	South Carolina
Income Tax Owed	$4,490	$4,389
After Tax Income	$35,510	$35,611
Income After Income & Property Tax	$32,483	$34,278
Maximum Disposable Income After Income, Property & Sales Taxes	$30,220	$31,904

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

	Minnesota	South Carolina
Income Tax Owed	$8,763	$8,716
After Tax Income	$51,237	$51,284
Income After Income & Property Tax	$48,210	$49,951
Maximum Disposable Income After Income, Property & Sales Taxes	$44,851	$46,492

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

	Minnesota	South Carolina
Income Tax Owed	$14,523	$14,516
After Tax Income	$65,477	$65,484
Income After Income & Property Tax	$62,450	$64,151
Maximum Disposable Income After Income, Property & Sales Taxes	$58,099	$59,709

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

	Minnesota	South Carolina
Income Tax Owed	$20,283	$20,316
After Tax Income	$79,717	$79,684
Income After Income & Property Tax	$76,690	$78,351
Maximum Disposable Income After Income, Property & Sales Taxes	$71,347	$72,925

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

	Minnesota	South Carolina
Income Tax Owed	$12,931	$13,123
After Tax Income	$87,069	$86,877
Income After Income & Property Tax	$84,042	$85,544
Maximum Disposable Income After Income, Property & Sales Taxes	$78,186	$79,620

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

	Minnesota	South Carolina
Income Tax Owed	$26,386	$26,678
After Tax Income	$123,614	$123,322
Income After Income & Property Tax	$120,587	$121,989
Maximum Disposable Income After Income, Property & Sales Taxes	$112,185	$113,541

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

	Minnesota	South Carolina
Income Tax Owed	$40,903	$41,178
After Tax Income	$159,097	$158,822
Income After Income & Property Tax	$156,070	$157,489
Maximum Disposable Income After Income, Property & Sales Taxes	$145,195	$146,583

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

	Minnesota	South Carolina
Income Tax Owed	$56,747	$56,597
After Tax Income	$193,253	$193,403
Income After Income & Property Tax	$190,226	$192,070
Maximum Disposable Income After Income, Property & Sales Taxes	$176,971	$178,770

FAQ

Does Minnesota or South Carolina 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 South Carolina’s income tax is the following

• 0.00%: $0-$3,200
• 3.00%: $3,201-$16,040
• 6.50%: $16,041+

Does Minnesota or South Carolina have lower property taxes?

Minnesota has an average property tax rate of 0.90%

In comparison, South Carolina has an average property tax rate of 0.46%

Does Minnesota or South Carolina 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, South Carolina has a state sales tax rate of 6.00% and an average local rate of 1.44% for a combined total rate of 7.44%.

Do you get to keep more money in Minnesota or South Carolina?

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, South Carolina gives you $47,661.

More Comparisons:

Minnesota vs Alabama
Minnesota vs Louisiana
Minnesota vs Kentucky
Minnesota vs Oregon
Minnesota vs Oklahoma

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/