Minnesota vs New York Paycheck Comparison 2026

At a $100,000 salary, New York results in $627 more annual take-home pay. Minnesota uses a progressive income tax with 4 brackets ranging from 5.35% to 9.85%. New York uses a progressive income tax with 9 brackets ranging from 4.00% to 10.90%.

The difference depends on salary. At $50,000, the gap is $229/yr. At $150,000, it grows to $1,384/yr. At $300,000, the difference is $5,609/yr.

Yes. Federal income tax, Social Security, and Medicare are the same in every state. Only state income tax differs. This calculator shows the combined effect of federal and state taxes on your take-home pay.

Minnesota is cheaper to live in. Cost of living in Minnesota is 12% lower than in New York. Minnesota's Regional Price Parity is 98.2 and New York's is 112.1 (US average = 100).

Yes. Minnesota has a lower cost of living than New York (index 98.2 vs 112.1). Housing is typically the biggest difference between the two states.

Yes. New York has a higher cost of living (index 112.1) compared to Minnesota (index 98.2). The national average is 100. Housing costs are typically the largest driver of the difference.

At a $100,000 salary, take-home pay of $72,840 in Minnesota has the purchasing power of $63,808 in New York terms. Conversely, $73,466 in New York equals $83,865 in Minnesota terms. After adjusting for both taxes and cost of living, New York comes out ahead.

The overall cost of living is 14% different between Minnesota and New York. Living costs are about 2% below the national average Living costs are 12% above the national average After taxes and cost of living, New York gives you more purchasing power on a $100,000 salary.