Last updated: 2025 BLS data · Page refreshed:
How much does a Personal Financial Advisors actually take home in Minnesota?
Progressive (up to 9.8%) — 28.1% effective total tax rateData: BLS OEWS 2025 + IRS/State Tax Brackets 2024 • Updated 2026-05-19
Detailed line-by-line tax calculation for a Personal Financial Advisors earning $102,660 in Minnesota (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $102,660 | — |
| Federal Income Tax | -$14,426 | 14.1% |
| Minnesota State Income Tax | -$6,585 | 6.4% |
| Social Security (OASDI) | -$6,364 | 6.2% |
| Medicare | -$1,488 | 1.4% |
| Total Taxes | -$28,865 | 28.1% |
| Take-Home Pay | $73,794 | 71.9% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Personal Financial Advisors in Minnesota.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $47,520 | -$10,149 | $37,370 | 21.4% |
| 25th Percentile (P25) | $68,470 | -$16,362 | $52,107 | 23.9% |
| Median (P50) | $102,660 | -$28,865 | $73,794 | 28.1% |
| 75th Percentile (P75) | $166,680 | -$53,904 | $112,775 | 32.3% |
| 90th Percentile (P90) | $310,730 | -$115,442 | $195,287 | 37.2% |
After federal income tax ($14,426), state tax ($6,585), and FICA ($7,853), a Personal Financial Advisors in Minnesota takes home $73,794 per year — or $6,149 per month. The effective tax rate of 28.1% is moderate compared to the national range.
A Personal Financial Advisors in Minnesota loses 28.1% of gross pay to taxes — higher than the ~25% national midpoint. Of the $102,660 gross, $73,794 lands in the paycheck after federal ($14,426), state ($6,586), and FICA ($7,853) withholding.
Minnesota uses a progressive state income tax, so brackets escalate as wages rise. For this Personal Financial Advisors salary the state tax works out to $6,586 (6.4% effective) — on top of federal and FICA.
Federal tax on this Personal Financial Advisors salary is $14,426 (50%), but combined state ($6,586, 23%) + FICA ($7,853, 27%) make up the other 50% of the bill.
The state-tax gap is substantial: a Personal Financial Advisors earning this gross in a no-income-tax state would net about $80,380 — an extra $6,586 (8.9%) annually compared with Minnesota.
Minnesota ranks #22 of 49 states for Personal Financial Advisors after-tax pay — comfortably in the upper half.
Translated into paycheck cadences, $73,794 net/year works out to $6,150/month or $2,838/bi-weekly for this Personal Financial Advisors in Minnesota — the numbers that actually hit a checking account after every deduction.
Where does a Personal Financial Advisors keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Minnesota ranks #22 out of 49 states for Personal Financial Advisors after-tax take-home pay.
A Personal Financial Advisors in Minnesota earning a median salary of $102,660 will take home approximately $73,794 per year after federal income tax ($14,426), state income tax ($6,585), and FICA ($7,853). That is $6,149 per month or $2,838 per bi-weekly paycheck.
The effective total tax rate for a Personal Financial Advisors in Minnesota is 28.1%, broken down as: federal income tax 14.1%, 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 Personal Financial Advisors's median salary of $102,660, the state income tax amounts to $6,585 per year, which is an effective state rate of 6.4%.
After all taxes, a Personal Financial Advisors in Minnesota takes home approximately $6,149 per month, or about $35.48 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 $102,660 for Personal Financial Advisors 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 — $73,794/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