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Tax Manager Salary in Minneapolis, MN

Tax Manager 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.

Tax Manager Salary in Minneapolis, MN — 2026

The median Tax Manager salary in Minneapolis, MN is $114,240 per year ($9,520/month, $55/hr). This reflects the local cost of living index of 102, which is 2% above the national average.

Entry Level
$70K
$34/hr
Median
$114K
$55/hr
Senior
$146K
$70/hr
Top Earner
$185K
$89/hr

Tax Manager Take-Home Pay in Minneapolis

Tax Breakdown (Median Salary)

Gross Annual$114,240
Federal Tax-$16,747
State Tax (6.8%)-$7,768
FICA (SS + Medicare)-$8,739
Annual Take-Home$80,986
Monthly Take-Home$6,749

Living Cost Comparison

Median Rent$1,400/mo
Rent-to-Income Ratio14.7%
Median Home Price$320,000
Cost of Living Index102
City Median Salary$72,000
Tax Manager vs City Median+$42,240

Tax Manager Requirements

Education
Bachelor's Degree
Experience
5-8 years
Job Growth
5.0% (2024-2034)

Key Skills

Tax ComplianceTax PlanningIRS RegulationsTransfer PricingR&D Credits

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 Tax Manager salary in Minneapolis, MN?
The median Tax Manager salary in Minneapolis, MN is $114,240 per year as of 2026. This is adjusted for the local cost of living index of 102. Entry-level Tax Managers earn around $70,380, while senior-level professionals can earn $145,860 or more.
How much does a Tax Manager take home in Minneapolis after taxes?
A Tax Manager earning the median salary of $114,240 in Minneapolis, MN takes home approximately $80,986 per year ($6,749/month) after federal, state, and local taxes. The effective tax rate is 29.1%.
Is Minneapolis a good city for Tax Managers?
Minneapolis, MN has a cost of living index of 102 (above national average). Tax Managers 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 Tax Manager in Minneapolis?
Key skills for Tax Managers include Tax Compliance, Tax Planning, IRS Regulations, Transfer Pricing, R&D Credits. Typical education requirement is Bachelor's Degree. Valuable certifications include CPA, EA, Master's in Tax.
How does Tax Manager salary in Minneapolis compare to the national average?
The national median Tax Manager salary is $112,000. In Minneapolis, the adjusted salary is $114,240, 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 Tax Manager salary in Minneapolis, MN?

The median Tax Manager salary in Minneapolis, MN is $114,240 per year as of 2026. This is adjusted for the local cost of living index of 102. Entry-level Tax Managers earn around $70,380, while senior-level professionals can earn $145,860 or more.

How much does a Tax Manager take home in Minneapolis after taxes?

A Tax Manager earning the median salary of $114,240 in Minneapolis, MN takes home approximately $80,986 per year ($6,749/month) after federal, state, and local taxes. The effective tax rate is 29.1%.

Is Minneapolis a good city for Tax Managers?

Minneapolis, MN has a cost of living index of 102 (above national average). Tax Managers 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 Tax Manager in Minneapolis?

Key skills for Tax Managers include Tax Compliance, Tax Planning, IRS Regulations, Transfer Pricing, R&D Credits. Typical education requirement is Bachelor's Degree. Valuable certifications include CPA, EA, Master's in Tax.

How does Tax Manager salary in Minneapolis compare to the national average?

The national median Tax Manager salary is $112,000. In Minneapolis, the adjusted salary is $114,240, which is 2.0% higher than the national average, reflecting the local cost of living.