Financial Manager salary in Minnesota
Updated Updated for 2026 tax law
A financial manager in Minnesota earns a median of $163,410 a year ($78.56/hour equivalent), 1.9% below the national median of $166,570. Minnesota ranks #16 of 51 states. About 16,680 people do this job in Minnesota.
Take-home pay in Minnesota
At the Minnesota median, a single filer keeps about $112,243 a year after federal, FICA and Minnesota taxes — $4,317 every two weeks. Try your own numbers with the Minnesota paycheck calculator.
- Gross pay
- $6,285.00
- Federal income tax
- −$1,075.09
- Social Security (6.2%)
- −$389.67
- Medicare (1.45%)
- −$91.13
- Minnesota income tax
- −$384.41
- MN Paid Leave
- −$27.65
- Take-home pay
- $4,317.04
Annual breakdown
- Gross
- $163,410
- Federal
- $27,952
- FICA
- $12,501
- State + local
- $10,714
- Net
- $112,243
- Marginal federal rate
- 24.0%
- Marginal state rate
- 7.8%
2026 federal brackets (Rev. Proc. 2025-32) and 2026 state rules. Estimates assume wages are your only income and use annual liability, so your actual withholding can differ slightly.
How Minnesota compares
| Rank | State | Median salary |
|---|---|---|
| #1 | New York | $219,880 |
| #2 | Massachusetts | $206,760 |
| #3 | New Jersey | $199,110 |
| #4 | District of Columbia | $188,880 |
| #5 | Virginia | $185,220 |
| #16 | Minnesota | $163,410 |
| #49 | Arkansas | $116,570 |
| #50 | West Virginia | $113,140 |
| #51 | Mississippi | $111,390 |
See the national financial manager salary page for the full pay range and all states.
BLS occupation: Financial Managers (SOC 11-3031), May 2025, state estimates.
Frequently asked questions
How much does a financial manager make in Minnesota?
The median salary is $163,410 a year and the average is $176,560 (BLS May 2025).
Is Minnesota a good state for financial managers?
Minnesota ranks #16 of 51 states for median pay in this job, 2% below the national median of $166,570.
What is $163,410 after taxes in Minnesota?
About $112,243 a year ($4,317 every two weeks) for a single filer in 2026.
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Estimates for information only — not tax, legal or financial advice.