How much does a Family Medicine Physicians actually take home in Minnesota?
Progressive (up to 9.8%) — 34.1% effective total tax rateData: BLS OEWS 2024 + IRS/State Tax Brackets 2024 • Updated 2026-04-02
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Detailed line-by-line tax calculation for a Family Medicine Physicians earning $232,760 in Minnesota (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $232,760 | — |
| Federal Income Tax | -$47,497 | 20.4% |
| Minnesota State Income Tax | -$17,787 | 7.6% |
| Social Security (OASDI) | -$10,453 | 4.5% |
| Medicare | -$3,669 | 1.6% |
| Total Taxes | -$79,407 | 34.1% |
| Take-Home Pay | $153,352 | 65.9% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Family Medicine Physicians in Minnesota.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $109,020 | -$31,250 | $77,769 | 28.7% |
| 25th Percentile (P25) | $168,500 | -$54,623 | $113,876 | 32.4% |
| Median (P50) | $232,760 | -$79,407 | $153,352 | 34.1% |
A Family Medicine Physicians in Minnesota faces a combined 34.1% effective tax rate, taking home $153,352 out of $232,760. The progressive (up to 9.8%) adds $17,787 on top of federal and FICA taxes. In a no-income-tax state, this salary would yield approximately $171,139 — a difference of $17,787/year.
Where does a Family Medicine Physicians keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Minnesota ranks #14 out of 32 states for Family Medicine Physicians after-tax take-home pay.
A Family Medicine Physicians in Minnesota earning a median salary of $232,760 will take home approximately $153,352 per year after federal income tax ($47,497), state income tax ($17,787), and FICA ($14,123). That is $12,779 per month or $5,898 per bi-weekly paycheck.
The effective total tax rate for a Family Medicine Physicians in Minnesota is 34.1%, broken down as: federal income tax 20.4%, Minnesota state tax 7.6%, and FICA (Social Security + Medicare) 6.1%. This assumes a single filer with the standard deduction for 2024.
Minnesota has a progressive (up to 9.8%). On a Family Medicine Physicians's median salary of $232,760, the state income tax amounts to $17,787 per year, which is an effective state rate of 7.6%.
After all taxes, a Family Medicine Physicians in Minnesota takes home approximately $12,779 per month, or about $73.73 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 2024 BLS median salary of $232,760 for Family Medicine Physicians 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 — $153,352/yr — does not include local taxes, pre-tax deductions (401k, HSA), or tax credits.
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