Last updated: 2025 BLS data · Page refreshed:
How much does a Foundry Mold and Coremakers actually take home in Minnesota?
Progressive (up to 9.8%) — 22.2% effective total tax rateData: BLS OEWS 2025 + IRS/State Tax Brackets 2024 • Updated 2026-05-19
Detailed line-by-line tax calculation for a Foundry Mold and Coremakers earning $56,840 in Minnesota (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $56,840 | — |
| Federal Income Tax | -$4,836 | 8.5% |
| Minnesota State Income Tax | -$3,429 | 6.0% |
| Social Security (OASDI) | -$3,524 | 6.2% |
| Medicare | -$824 | 1.4% |
| Total Taxes | -$12,614 | 22.2% |
| Take-Home Pay | $44,225 | 77.8% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Foundry Mold and Coremakers in Minnesota.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $51,020 | -$11,074 | $39,945 | 21.7% |
| 25th Percentile (P25) | $51,220 | -$11,127 | $40,092 | 21.7% |
| Median (P50) | $56,840 | -$12,614 | $44,225 | 22.2% |
| 75th Percentile (P75) | $71,940 | -$17,627 | $54,312 | 24.5% |
| 90th Percentile (P90) | $76,650 | -$19,343 | $57,306 | 25.2% |
After federal income tax ($4,836), state tax ($3,429), and FICA ($4,348), a Foundry Mold and Coremakers in Minnesota takes home $44,225 per year — or $3,685 per month. The effective tax rate of 22.2% is relatively low compared to the national range.
With an effective total rate of 22.2%, a Foundry Mold and Coremakers in Minnesota keeps $44,226 of $56,840 gross — roughly typical for U.S. middle-income earners once federal, FICA and state taxes are combined.
Minnesota uses a progressive state income tax, so brackets escalate as wages rise. For this Foundry Mold and Coremakers salary the state tax works out to $3,429 (6.0% effective) — on top of federal and FICA.
Federal tax on this Foundry Mold and Coremakers salary is $4,837 (38%), but combined state ($3,429, 27%) + FICA ($4,348, 34%) make up the other 62% of the bill.
Moving this same Foundry Mold and Coremakers salary to a zero-state-tax state would yield around $47,655 net — a gain of $3,429 (7.8%) per year versus Minnesota.
For Foundry Mold and Coremakers after-tax pay, Minnesota ranks #5 of 33 states — top quartile. High gross wages or low state-tax burden (or both) drive the strong ranking.
Translated into paycheck cadences, $44,226 net/year works out to $3,685/month or $1,701/bi-weekly for this Foundry Mold and Coremakers in Minnesota — the numbers that actually hit a checking account after every deduction.
Where does a Foundry Mold and Coremakers keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Minnesota ranks #5 out of 33 states for Foundry Mold and Coremakers after-tax take-home pay.
A Foundry Mold and Coremakers in Minnesota earning a median salary of $56,840 will take home approximately $44,225 per year after federal income tax ($4,836), state income tax ($3,429), and FICA ($4,348). That is $3,685 per month or $1,700 per bi-weekly paycheck.
The effective total tax rate for a Foundry Mold and Coremakers in Minnesota is 22.2%, broken down as: federal income tax 8.5%, Minnesota state tax 6.0%, 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 Foundry Mold and Coremakers's median salary of $56,840, the state income tax amounts to $3,429 per year, which is an effective state rate of 6.0%.
After all taxes, a Foundry Mold and Coremakers in Minnesota takes home approximately $3,685 per month, or about $21.26 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 $56,840 for Foundry Mold and Coremakers 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 — $44,225/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