Minnesota vs Vermont Taxes: Income, Property & Sales

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

Minnesota vs Vermont Income Tax Comparison

	Minnesota	Vermont
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+	3.35%: $0-$42,150 6.60%: $42,151-$102,200 7.60%: $102,201-$213,150 8.75%: $213,151+
Median Income	$90,390	$72,190
Income Tax Paid On Median Household Income	$17,516	$11,377
Income After Tax Based on Median Household Income	$72,874	$60,813

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Minnesota vs Vermont Property Tax Comparison

	Minnesota	Vermont
Average Property Tax Rate	0.90%	1.43%
Average House Price By State	$336,279	$383,882
Average Property Tax Owed Per Year	$3,027	$5,490
Income After Income Taxes & Property Taxes Based On Median State Household Income	$69,847	$55,323

Minnesota vs Vermont Sales Tax Comparison

	Minnesota	Vermont
Average State Sales Tax	6.88%	6.00%
Average Local Sales Tax Across the State	0.61%	0.24%
Average Combined Sales Tax Rate	7.49%	6.24%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,867	$3,249
Maximum Disposable Income Based on Median Household Income	$64,980	$52,074

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

	Minnesota	Vermont
Income Tax Owed	$4,490	$4,022
After Tax Income	$35,510	$35,978
Income After Income & Property Tax	$32,483	$30,488
Maximum Disposable Income After Income, Property & Sales Taxes	$30,220	$28,698

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

	Minnesota	Vermont
Income Tax Owed	$8,763	$7,891
After Tax Income	$51,237	$52,109
Income After Income & Property Tax	$48,210	$46,619
Maximum Disposable Income After Income, Property & Sales Taxes	$44,851	$43,881

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

	Minnesota	Vermont
Income Tax Owed	$14,523	$13,611
After Tax Income	$65,477	$66,389
Income After Income & Property Tax	$62,450	$60,899
Maximum Disposable Income After Income, Property & Sales Taxes	$58,099	$57,323

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

	Minnesota	Vermont
Income Tax Owed	$20,283	$19,331
After Tax Income	$79,717	$80,669
Income After Income & Property Tax	$76,690	$75,179
Maximum Disposable Income After Income, Property & Sales Taxes	$71,347	$70,764

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

	Minnesota	Vermont
Income Tax Owed	$12,931	$11,445
After Tax Income	$87,069	$88,555
Income After Income & Property Tax	$84,042	$83,065
Maximum Disposable Income After Income, Property & Sales Taxes	$78,186	$78,187

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

	Minnesota	Vermont
Income Tax Owed	$26,386	$24,800
After Tax Income	$123,614	$125,200
Income After Income & Property Tax	$120,587	$119,710
Maximum Disposable Income After Income, Property & Sales Taxes	$112,185	$112,679

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

	Minnesota	Vermont
Income Tax Owed	$40,903	$39,233
After Tax Income	$159,097	$160,767
Income After Income & Property Tax	$156,070	$155,277
Maximum Disposable Income After Income, Property & Sales Taxes	$145,195	$146,157

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

	Minnesota	Vermont
Income Tax Owed	$56,747	$54,952
After Tax Income	$193,253	$195,048
Income After Income & Property Tax	$190,226	$189,558
Maximum Disposable Income After Income, Property & Sales Taxes	$176,971	$178,425

FAQ

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

• 3.35%: $0-$42,150
• 6.60%: $42,151-$102,200
• 7.60%: $102,201-$213,150
• 8.75%: $213,151+

Does Minnesota or Vermont have lower property taxes?

Minnesota has an average property tax rate of 0.90%

In comparison, Vermont has an average property tax rate of 1.43%

Does Minnesota or Vermont 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, Vermont has a state sales tax rate of 6.00% and an average local rate of 0.24% for a combined total rate of 6.24%.

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

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, Vermont gives you $52,074.

More Comparisons:

Minnesota vs Wyoming
South Carolina vs Alabama
South Carolina vs Louisiana
South Carolina vs Kentucky
South Carolina vs Oregon

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/