Take-Home Pay on $55,000 in Minnesota
EstimateIf you earn $55,000 per year in Minnesota, a typical estimate for take-home pay is about $3,596 per month.
Annual net
$43,152
Monthly net
$3,596
Biweekly net
$1,660
Effective tax rate
21.5%
Breakdown (annual)
| Gross | $55,000 |
| Federal tax (est.) | $4,616 |
| FICA (est.) | $4,208 |
| State tax (est.) | $3,025 |
| Net | $43,152 |
Minnesota notes
- Minnesota has a state income tax; your net pay depends on brackets and deductions.
- This estimate assumes typical withholding and does not include local taxes, credits, or itemized deductions.
Disclaimer: This is an estimate for informational purposes only and should not be considered tax advice.