Does Minnesota or West Virginia have lower taxes? We answer that in a variety of ways below:
Minnesota vs West Virginia Income Tax Comparison
Minnesota | West Virginia | |
Income Tax Rates & Thresholds |
|
|
Median Income | $90,390 | $52,460 |
Income Tax Paid On Median Household Income | $17,516 | $6,738 |
Income After Tax Based on Median Household Income | $72,874 | $45,722 |
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Minnesota vs West Virginia Property Tax Comparison
Minnesota | West Virginia | |
Average Property Tax Rate | 0.90% | 0.47% |
Average House Price By State | $336,279 | $155,687 |
Average Property Tax Owed Per Year | $3,027 | $732 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $69,847 | $44,990 |
Minnesota vs West Virginia Sales Tax Comparison
Minnesota | West Virginia | |
Average State Sales Tax | 6.88% | 6.00% |
Average Local Sales Tax Across the State | 0.61% | 0.52% |
Average Combined Sales Tax Rate | 7.49% | 6.52% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,867 | $2,754 |
Maximum Disposable Income Based on Median Household Income | $64,980 | $42,236 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Minnesota | West Virginia | |
Income Tax Owed | $4,490 | $4,525 |
After Tax Income | $35,510 | $35,475 |
Income After Income & Property Tax | $32,483 | $34,743 |
Maximum Disposable Income After Income, Property & Sales Taxes | $30,220 | $32,617 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Minnesota | West Virginia | |
Income Tax Owed | $8,763 | $8,623 |
After Tax Income | $51,237 | $51,377 |
Income After Income & Property Tax | $48,210 | $50,645 |
Maximum Disposable Income After Income, Property & Sales Taxes | $44,851 | $47,545 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Minnesota | West Virginia | |
Income Tax Owed | $14,523 | $8,623 |
After Tax Income | $65,477 | $71,377 |
Income After Income & Property Tax | $62,450 | $70,645 |
Maximum Disposable Income After Income, Property & Sales Taxes | $58,099 | $66,321 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Minnesota | West Virginia | |
Income Tax Owed | $20,283 | $20,013 |
After Tax Income | $79,717 | $79,987 |
Income After Income & Property Tax | $76,690 | $79,255 |
Maximum Disposable Income After Income, Property & Sales Taxes | $71,347 | $74,404 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Minnesota | West Virginia | |
Income Tax Owed | $12,931 | $13,596 |
After Tax Income | $87,069 | $86,404 |
Income After Income & Property Tax | $84,042 | $85,672 |
Maximum Disposable Income After Income, Property & Sales Taxes | $78,186 | $80,428 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Minnesota | West Virginia | |
Income Tax Owed | $26,386 | $26,901 |
After Tax Income | $123,614 | $123,099 |
Income After Income & Property Tax | $120,587 | $122,367 |
Maximum Disposable Income After Income, Property & Sales Taxes | $112,185 | $114,877 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Minnesota | West Virginia | |
Income Tax Owed | $40,903 | $41,151 |
After Tax Income | $159,097 | $158,849 |
Income After Income & Property Tax | $156,070 | $158,117 |
Maximum Disposable Income After Income, Property & Sales Taxes | $145,195 | $148,439 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Minnesota | West Virginia | |
Income Tax Owed | $56,747 | $56,320 |
After Tax Income | $193,253 | $193,680 |
Income After Income & Property Tax | $190,226 | $192,948 |
Maximum Disposable Income After Income, Property & Sales Taxes | $176,971 | $181,138 |
FAQ
Does Minnesota or West Virginia 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 West Virginia’s income tax is the following
- 3.00%: $0-$10,000
- 4.00%: $10,001-$25,000
- 4.50%: $25,001-$40,000
- 6.00%: $40,001-$60,000
- 6.50%: $60,001+
Does Minnesota or West Virginia have lower property taxes?
Minnesota has an average property tax rate of 0.90%
In comparison, West Virginia has an average property tax rate of 0.47%
Does Minnesota or West Virginia 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, West Virginia has a state sales tax rate of 6.00% and an average local rate of 0.52% for a combined total rate of 6.52%.
Do you get to keep more money in Minnesota or West Virginia?
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, West Virginia gives you $42,236.
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