Last updated: 2025 BLS data · Page refreshed:
How much does a Economists actually take home in Minnesota?
Progressive (up to 9.8%) — 28.3% effective total tax rateData: BLS OEWS 2025 + IRS/State Tax Brackets 2024 • Updated 2026-05-19
Detailed line-by-line tax calculation for a Economists earning $105,120 in Minnesota (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $105,120 | — |
| Federal Income Tax | -$14,967 | 14.2% |
| Minnesota State Income Tax | -$6,778 | 6.4% |
| Social Security (OASDI) | -$6,517 | 6.2% |
| Medicare | -$1,524 | 1.5% |
| Total Taxes | -$29,788 | 28.3% |
| Take-Home Pay | $75,331 | 71.7% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Economists in Minnesota.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $58,380 | -$13,021 | $45,358 | 22.3% |
| 25th Percentile (P25) | $63,980 | -$14,725 | $49,254 | 23.0% |
| Median (P50) | $105,120 | -$29,788 | $75,331 | 28.3% |
| 75th Percentile (P75) | $142,460 | -$44,337 | $98,122 | 31.1% |
| 90th Percentile (P90) | $197,870 | -$64,700 | $133,169 | 32.7% |
After federal income tax ($14,967), state tax ($6,778), and FICA ($8,041), a Economists in Minnesota takes home $75,331 per year — or $6,277 per month. The effective tax rate of 28.3% is moderate compared to the national range.
A Economists in Minnesota loses 28.3% of gross pay to taxes — higher than the ~25% national midpoint. Of the $105,120 gross, $75,332 lands in the paycheck after federal ($14,967), state ($6,779), and FICA ($8,042) withholding.
Minnesota uses a progressive state income tax, so brackets escalate as wages rise. For this Economists salary the state tax works out to $6,779 (6.4% effective) — on top of federal and FICA.
Federal tax on this Economists salary is $14,967 (50%), but combined state ($6,779, 23%) + FICA ($8,042, 27%) make up the other 50% of the bill.
The state-tax gap is substantial: a Economists earning this gross in a no-income-tax state would net about $82,111 — an extra $6,779 (9.0%) annually compared with Minnesota.
Minnesota ranks #25 of 40 states for Economists 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, $75,332 net/year works out to $6,278/month or $2,897/bi-weekly for this Economists in Minnesota — the numbers that actually hit a checking account after every deduction.
Where does a Economists keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Minnesota ranks #25 out of 40 states for Economists after-tax take-home pay.
A Economists in Minnesota earning a median salary of $105,120 will take home approximately $75,331 per year after federal income tax ($14,967), state income tax ($6,778), and FICA ($8,041). That is $6,277 per month or $2,897 per bi-weekly paycheck.
The effective total tax rate for a Economists in Minnesota is 28.3%, broken down as: federal income tax 14.2%, Minnesota state tax 6.4%, 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 Economists's median salary of $105,120, the state income tax amounts to $6,778 per year, which is an effective state rate of 6.4%.
After all taxes, a Economists in Minnesota takes home approximately $6,277 per month, or about $36.22 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 $105,120 for Economists 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 — $75,331/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