Last updated: 2025 BLS data · Page refreshed:
How much does a Actuaries actually take home in Minnesota?
Progressive (up to 9.8%) — 30.2% effective total tax rateData: BLS OEWS 2025 + IRS/State Tax Brackets 2024 • Updated 2026-05-19
Detailed line-by-line tax calculation for a Actuaries earning $128,100 in Minnesota (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $128,100 | — |
| Federal Income Tax | -$20,282 | 15.8% |
| Minnesota State Income Tax | -$8,582 | 6.7% |
| Social Security (OASDI) | -$7,942 | 6.2% |
| Medicare | -$1,857 | 1.5% |
| Total Taxes | -$38,665 | 30.2% |
| Take-Home Pay | $89,434 | 69.8% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Actuaries in Minnesota.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $79,920 | -$20,535 | $59,384 | 25.7% |
| 25th Percentile (P25) | $98,340 | -$27,249 | $71,090 | 27.7% |
| Median (P50) | $128,100 | -$38,665 | $89,434 | 30.2% |
| 75th Percentile (P75) | $165,970 | -$53,623 | $112,346 | 32.3% |
| 90th Percentile (P90) | $223,300 | -$75,226 | $148,073 | 33.7% |
A Actuaries in Minnesota faces a combined 30.2% effective tax rate, taking home $89,434 out of $128,100. The progressive (up to 9.8%) adds $8,582 on top of federal and FICA taxes. In a no-income-tax state, this salary would yield approximately $98,017 — a difference of $8,582/year.
A Actuaries in Minnesota loses 30.2% of gross pay to taxes — higher than the ~25% national midpoint. Of the $128,100 gross, $89,435 lands in the paycheck after federal ($20,282), state ($8,583), and FICA ($9,800) withholding.
Minnesota uses a progressive state income tax, so brackets escalate as wages rise. For this Actuaries salary the state tax works out to $8,583 (6.7% effective) — on top of federal and FICA.
Federal tax on this Actuaries salary is $20,282 (52%), but combined state ($8,583, 22%) + FICA ($9,800, 25%) make up the other 48% of the bill.
The state-tax gap is substantial: a Actuaries earning this gross in a no-income-tax state would net about $98,018 — an extra $8,583 (9.6%) annually compared with Minnesota.
Minnesota ranks #20 of 36 states for Actuaries after-tax pay — lower half of the national distribution. Either gross wages trail the national median, state tax is elevated, or both.
Translated into paycheck cadences, $89,435 net/year works out to $7,453/month or $3,440/bi-weekly for this Actuaries in Minnesota — the numbers that actually hit a checking account after every deduction.
Where does a Actuaries keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Minnesota ranks #20 out of 36 states for Actuaries after-tax take-home pay.
A Actuaries in Minnesota earning a median salary of $128,100 will take home approximately $89,434 per year after federal income tax ($20,282), state income tax ($8,582), and FICA ($9,799). That is $7,452 per month or $3,439 per bi-weekly paycheck.
The effective total tax rate for a Actuaries in Minnesota is 30.2%, broken down as: federal income tax 15.8%, Minnesota state tax 6.7%, and FICA (Social Security + Medicare) 7.6%. This assumes a single filer with the standard deduction for 2024.
Minnesota has a progressive (up to 9.8%). On a Actuaries's median salary of $128,100, the state income tax amounts to $8,582 per year, which is an effective state rate of 6.7%.
After all taxes, a Actuaries in Minnesota takes home approximately $7,452 per month, or about $43.00 per hour (based on a standard 2,080-hour work year). These figures assume a single filer, standard deduction, and no additional pre-tax deductions.
We start with the 2025 BLS median salary of $128,100 for Actuaries in Minnesota, then subtract: federal income tax using 2024 IRS brackets ($14,600 standard deduction), Minnesota state income tax (progressive (up to 9.8%)), Social Security (6.2% up to $168,600), and Medicare (1.45%). The result — $89,434/yr — does not include local taxes, pre-tax deductions (401k, HSA), or tax credits.
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This estimate assumes a single filer using the 2024 standard deduction ($14,600), with W-2 employment income only. It does not account for: itemized deductions, tax credits (e.g. earned income credit, child tax credit), local/city taxes, pre-tax contributions (401k, HSA, FSA), self-employment tax, or additional income sources. Actual take-home pay may differ. Consult a tax professional for personalized advice.
Our Methodology · Data Sources · Salary: BLS OEWS · Tax: IRS + State DOR