Accountant Salary in Minneapolis: Is It Worth It?
The median accountant salary in Minneapolis is $87K a year. Here is what actually lands in your pocket after taxes - and what it's really worth once you account for the local cost of living.
Where the money goes
| Item | Amount / year | Share of gross |
|---|---|---|
| Gross salary | $86,500 | 100% |
| Federal income tax (2026, single) | −$10,200 | 11.8% |
| FICA (Social Security + Medicare) | −$6,617 | 7.6% |
| State income tax (Minnesota) | −$4,675 | 5.4% |
| Take-home | $65,008 | 75.2% |
Estimates use single filing status, standard deduction, wages-only income. Full assumptions on the methodology page.
Compare with other metros
Boston
Atlanta
Chicago
Dallas
Detroit
Houston
Typical costs to know
Minnesota taxes wage income, and Minneapolis's cost of living is 5% above the U.S. average. In dollar terms,$87K of gross salary converts to roughly $62K of buying power after tax.
FAQ
What is the average accountant salary in Minneapolis?
The median annual wage is $86,500, per the BLS Occupational Employment and Wage Statistics survey.
How much do accountants and auditors take home in Minneapolis?
After estimated federal income tax ($10,200), FICA ($6,617) and Minnesota state tax ($4,675), net income is about $65,008 a year - roughly $5K per month.
Is $87K a good salary in Minneapolis?
Because the local cost of living is 5% above the U.S. average, that salary supports buying power roughly equivalent to $62K at the national average. See the methodology for the math.