How much does a Petroleum Engineers actually take home in Minnesota?
Progressive (up to 9.8%) — 32.1% 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 Petroleum Engineers earning $160,420 in Minnesota (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $160,420 | — |
| Federal Income Tax | -$28,039 | 17.5% |
| Minnesota State Income Tax | -$11,119 | 6.9% |
| Social Security (OASDI) | -$9,946 | 6.2% |
| Medicare | -$2,326 | 1.5% |
| Total Taxes | -$51,431 | 32.1% |
| Take-Home Pay | $108,988 | 67.9% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Petroleum Engineers in Minnesota.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $95,850 | -$26,342 | $69,507 | 27.5% |
| 25th Percentile (P25) | $116,790 | -$34,197 | $82,592 | 29.3% |
| Median (P50) | $160,420 | -$51,431 | $108,988 | 32.1% |
| 75th Percentile (P75) | $201,400 | -$65,958 | $135,441 | 32.8% |
A Petroleum Engineers in Minnesota faces a combined 32.1% effective tax rate, taking home $108,988 out of $160,420. The progressive (up to 9.8%) adds $11,119 on top of federal and FICA taxes. In a no-income-tax state, this salary would yield approximately $120,108 — a difference of $11,119/year.
Where does a Petroleum Engineers keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Minnesota ranks #5 out of 26 states for Petroleum Engineers after-tax take-home pay.
A Petroleum Engineers in Minnesota earning a median salary of $160,420 will take home approximately $108,988 per year after federal income tax ($28,039), state income tax ($11,119), and FICA ($12,272). That is $9,082 per month or $4,191 per bi-weekly paycheck.
The effective total tax rate for a Petroleum Engineers in Minnesota is 32.1%, broken down as: federal income tax 17.5%, Minnesota state tax 6.9%, 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 Petroleum Engineers's median salary of $160,420, the state income tax amounts to $11,119 per year, which is an effective state rate of 6.9%.
After all taxes, a Petroleum Engineers in Minnesota takes home approximately $9,082 per month, or about $52.40 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 $160,420 for Petroleum Engineers 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 — $108,988/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