Tax Preparer Salary in Minneapolis, MN
Tax Preparers in the Minneapolis-St. Paul-Bloomington, MN-WI metro area earn a median $60,650 a year — 10% more than the national median. After 2026 taxes, that is $48,311 take-home, or $4,026 a month.
Take-home pay calculator
Pre-filled with the median tax preparer salary in Minneapolis, MN. Enter your own offer to see your paycheck.
- Federal income tax$5,098
- Social Security (6.2%)$3,760
- Medicare (1.45%)$879
- Minnesota income tax$2,601
- Take-home pay$48,311
Marginal rate: 12% federal + 6.80% state
The Minneapolis-St. Paul-Bloomington, MN-WI metro spans Minnesota, Wisconsin. Pick the state you live in — state income tax follows your residence.
Tax Preparer pay by experience in Minneapolis, MN
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $37,500 | $18.03 | $31,124 | $2,594 |
| 25th percentile | $44,480 | $21.38 | $36,359 | $3,030 |
| Median (50th) | $60,650 | $29.16 | $48,311 | $4,026 |
| 75th percentile | $76,870 | $36.96 | $59,204 | $4,934 |
| 90th percentile (top earners) | $93,810 | $45.10 | $69,970 | $5,831 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Minnesota resident, 2026 tax rules.
What $60,650 buys in Minneapolis, MN
Prices in Minneapolis, MN are 4.8% higher than the U.S. average (housing costs are 1.12× the national average). Adjusted for local prices, a median tax preparer's $48,311 take-home pay has the buying power of $46,089 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Tax Preparer jobs are less concentrated in Minneapolis, MN than nationally (location quotient 0.68), so openings may be scarcer.
Best-paying cities for tax preparers, adjusted for cost of living
Minneapolis, MN ranks #10 of 28 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | Kansas City, MO | $78,920 | $61,578 | $66,540 |
| 2 | San Jose, CA | $81,180 | $61,565 | $55,753 |
| 3 | San Francisco, CA | $84,240 | $63,393 | $54,832 |
| 4 | Salt Lake City, UT | $66,920 | $53,863 | $53,399 |
| 5 | Las Vegas, NV | $60,170 | $50,527 | $50,418 |
| 6 | New York, NY | $71,300 | $55,736 | $49,516 |
| 7 | Denver, CO | $65,150 | $52,370 | $49,507 |
| 8 | San Diego, CA | $70,170 | $54,881 | $49,050 |
| 10 | Minneapolis, MN | $60,650 | $48,311 | $46,089 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 28 metros →
Frequently asked questions
How much does a tax preparer make in Minneapolis, MN?
The median tax preparer salary in the Minneapolis-St. Paul-Bloomington, MN-WI metro area is $60,650 a year, or about $29.16 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $44,480 and $76,870.
What is a tax preparer’s take-home pay in Minneapolis, MN?
On the median $60,650 salary, a single filer living in Minnesota takes home about $48,311 a year ($4,026 a month) after federal tax, Social Security, Medicare and $2,601 in Minnesota taxes in 2026.
Is Minneapolis, MN a good place to work as a tax preparer?
Pay here is 10% above the national median of $54,920. Local prices are 4.8% above the U.S. average, so the take-home pay buys what $46,089 would in a typical U.S. city. Minneapolis, MN ranks #10 of 28 metro areas for cost-of-living-adjusted pay in this job.
Can a tax preparer afford rent in Minneapolis, MN?
HUD’s fair market rent for a one-bedroom in Minneapolis, MN is $1,396 a month ($1,700 for two bedrooms) — 35% of a median tax preparer’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
Related jobs in Minneapolis, MN
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- Financial and Investment Analyst — $103,350
- Loan Officer — $102,200
- Management Analyst — $101,560
- Labor Relations Specialist — $101,270
- Property Appraiser and Assessor — $99,800
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