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North Carolina vs Minnesota Taxes: Income, Property & Sales

Originally written in English & checked by Managing Editor: Ian Wright
Last Updated:

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

North Carolina vs Minnesota Income Tax Comparison

North CarolinaMinnesota
Income Tax Rates & Thresholds4.99%
  • 5.35%: $0-$28,080
  • 6.80%: $28,081-$92,230
  • 7.85%: $92,231-$171,220
  • 9.85%: $171,221+
Median Income$65,070$90,390
Income Tax Paid On Median Household Income$9,694$17,516
Income After Tax Based on Median Household Income $55,376$72,874
* Note tax calculation assume filling as a single person rather than married.

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North Carolina vs Minnesota Property Tax Comparison

North CarolinaMinnesota
Average Property Tax Rate0.52%0.90%
Average House Price By State$321,447$336,279
Average Property Tax Owed Per Year$1,672$3,027
Income After Income Taxes & Property Taxes Based On Median State Household Income $53,704$69,847
* Again assuming income tax is filed as a single person

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North Carolina vs Minnesota Sales Tax Comparison

North CarolinaMinnesota
Average State Sales Tax4.75%6.88%
Average Local Sales Tax Across the State2.23%0.61%
Average Combined Sales Tax Rate6.98%7.49%
Maximum Amount of Sales Tax Paid Based on Median Household Income $3,504$4,867
Maximum Disposable Income Based on Median Household Income$50,200$64,980
* Maximum disposable is calculated based on earning the median household income and then deducting income, property and sales taxes assuming you spend your entire income.

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

North CarolinaMinnesota
Income Tax Owed$4,400$4,490
After Tax Income$35,600$35,510
Income After Income & Property Tax $33,928$32,483
Maximum Disposable Income After Income, Property & Sales Taxes $31,715$30,220

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

North CarolinaMinnesota
Income Tax Owed$8,326$8,763
After Tax Income$51,674$51,237
Income After Income & Property Tax $50,002$48,210
Maximum Disposable Income After Income, Property & Sales Taxes $46,740$44,851

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

North CarolinaMinnesota
Income Tax Owed$13,724$14,523
After Tax Income$66,276$65,477
Income After Income & Property Tax $64,604$62,450
Maximum Disposable Income After Income, Property & Sales Taxes $60,389$58,099

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

North CarolinaMinnesota
Income Tax Owed$19,122$20,283
After Tax Income$80,878$79,717
Income After Income & Property Tax $79,206$76,690
Maximum Disposable Income After Income, Property & Sales Taxes $74,039$71,347

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

North CarolinaMinnesota
Income Tax Owed$12,198$12,931
After Tax Income$87,802$87,069
Income After Income & Property Tax $86,130$84,042
Maximum Disposable Income After Income, Property & Sales Taxes $80,511$78,186

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

North CarolinaMinnesota
Income Tax Owed$24,748$26,386
After Tax Income$125,252$123,614
Income After Income & Property Tax $123,580$120,587
Maximum Disposable Income After Income, Property & Sales Taxes $115,517$112,185

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

North CarolinaMinnesota
Income Tax Owed$38,243$40,903
After Tax Income$161,757$159,097
Income After Income & Property Tax $160,085$156,070
Maximum Disposable Income After Income, Property & Sales Taxes $149,641$145,195

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

North CarolinaMinnesota
Income Tax Owed$52,657$56,747
After Tax Income$197,343$193,253
Income After Income & Property Tax $195,671$190,226
Maximum Disposable Income After Income, Property & Sales Taxes $182,905$176,971

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FAQ

Does North Carolina or Minnesota have lower income taxes?

North Carolina’s income tax falls into the following range: 4.99%

Whereas Minnesota’s income tax is the following

  • 5.35%: $0-$28,080
  • 6.80%: $28,081-$92,230
  • 7.85%: $92,231-$171,220
  • 9.85%: $171,221+

Does North Carolina or Minnesota have lower property taxes?

North Carolina has an average property tax rate of 0.52%

In comparison, Minnesota has an average property tax rate of 0.90%

Does North Carolina or Minnesota have lower sales taxes?

North Carolina has a state sales tax rate of 4.75% and an average local rate of 2.23% for a combined total rate of 6.98%.

In contrast, 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%.

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

Based on median household income after income, property and sales taxes North Carolina gives you a maximum amount of disposable income of $50,200

In comparison, Minnesota gives you $64,980.

More Comparisons:

North Carolina vs South Carolina
North Carolina vs Alabama
North Carolina vs Louisiana
North Carolina vs Kentucky
North Carolina vs Oregon

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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/
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