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Accountant Salary in Minneapolis, MN

Accountant salary data for Minneapolis, MN — adjusted for local cost of living. Entry-level to senior pay ranges, take-home pay calculator, and local job market insights.

Accountant Salary in Minneapolis, MN — 2026

The median Accountant salary in Minneapolis, MN is $78,540 per year ($6,545/month, $38/hr). This reflects the local cost of living index of 102, which is 2% above the national average.

Entry Level
$54K
$26/hr
Median
$79K
$38/hr
Senior
$105K
$51/hr
Top Earner
$132K
$63/hr

Accountant Take-Home Pay in Minneapolis

Tax Breakdown (Median Salary)

Gross Annual$78,540
Federal Tax-$8,893
State Tax (6.8%)-$5,341
FICA (SS + Medicare)-$6,008
Annual Take-Home$58,298
Monthly Take-Home$4,858

Living Cost Comparison

Median Rent$1,400/mo
Rent-to-Income Ratio21.4%
Median Home Price$320,000
Cost of Living Index102
City Median Salary$72,000
Accountant vs City Median+$6,540

Accountant Requirements

Education
Bachelor's Degree
Experience
1-3 years
Job Growth
4.0% (2024-2034)

Key Skills

GAAPQuickBooksTax PreparationAuditingExcel

Minneapolis Job Market Overview

Minneapolis, Minnesota has a population of 429,954 and an unemployment rate of 2.8%. The top industries are Finance, Healthcare, Technology. The local job growth rate is 2.0%, and the average commute time is 25 minutes.

Frequently Asked Questions

What is the average Accountant salary in Minneapolis, MN?
The median Accountant salary in Minneapolis, MN is $78,540 per year as of 2026. This is adjusted for the local cost of living index of 102. Entry-level Accountants earn around $54,060, while senior-level professionals can earn $105,060 or more.
How much does a Accountant take home in Minneapolis after taxes?
A Accountant earning the median salary of $78,540 in Minneapolis, MN takes home approximately $58,298 per year ($4,858/month) after federal, state, and local taxes. The effective tax rate is 25.8%.
Is Minneapolis a good city for Accountants?
Minneapolis, MN has a cost of living index of 102 (above national average). Accountants here earn above the city median. The local unemployment rate is 2.8% and top industries include Finance, Healthcare, Technology.
What skills are needed for a Accountant in Minneapolis?
Key skills for Accountants include GAAP, QuickBooks, Tax Preparation, Auditing, Excel. Typical education requirement is Bachelor's Degree. Valuable certifications include CPA, CMA, EA.
How does Accountant salary in Minneapolis compare to the national average?
The national median Accountant salary is $77,000. In Minneapolis, the adjusted salary is $78,540, which is 2.0% higher than the national average, reflecting the local cost of living.

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Frequently Asked Questions

What is the average Accountant salary in Minneapolis, MN?

The median Accountant salary in Minneapolis, MN is $78,540 per year as of 2026. This is adjusted for the local cost of living index of 102. Entry-level Accountants earn around $54,060, while senior-level professionals can earn $105,060 or more.

How much does a Accountant take home in Minneapolis after taxes?

A Accountant earning the median salary of $78,540 in Minneapolis, MN takes home approximately $58,298 per year ($4,858/month) after federal, state, and local taxes. The effective tax rate is 25.8%.

Is Minneapolis a good city for Accountants?

Minneapolis, MN has a cost of living index of 102 (above national average). Accountants here earn above the city median. The local unemployment rate is 2.8% and top industries include Finance, Healthcare, Technology.

What skills are needed for a Accountant in Minneapolis?

Key skills for Accountants include GAAP, QuickBooks, Tax Preparation, Auditing, Excel. Typical education requirement is Bachelor's Degree. Valuable certifications include CPA, CMA, EA.

How does Accountant salary in Minneapolis compare to the national average?

The national median Accountant salary is $77,000. In Minneapolis, the adjusted salary is $78,540, which is 2.0% higher than the national average, reflecting the local cost of living.