Paycheck calculator › After taxes and rent › Minneapolis › $150,000
$150,000 after taxes and rent in Minneapolis (2026)
A $150,000 salary in Minneapolis takes home $8,682 a month after federal tax, FICA, Minnesota state tax. A typical one-bedroom costs $1,405 (HUD FY2026), leaving $7,277 a month for everything else — rent is 16.2% of take-home, within the 30% guideline. A studio leaves $7,440; a two-bedroom $6,973.
Your pay
Take-home pay
$8,682
take-home pay a month
from a gross of $12,500
Effective tax rate 30.5%Marginal rate 39.9%Total taxes $45,811
Federal tax 16.5%FICA 7.6%State 6.4%Take-home 69.5%
I want to take home
$
Net pay on my pay stub
$
| Line | A | B | Difference |
|---|
| Line | Monthly | Yearly |
|---|---|---|
| Gross pay | $12,500 | $150,000 |
| Federal income tax | −$2,061 | −$24,734 |
| Taxable income $133,900 = wages $150,000 − standard deduction $16,100, through the 2026 brackets (10%/12%/22%/24%/32%/35%/37%). | ||
| Social Security (6.2%) | −$775 | −$9,300 |
| 6.2% of $150,000. | ||
| Medicare (1.45%) | −$181 | −$2,175 |
| 1.45% of $150,000. | ||
| Minnesota state income tax | −$745 | −$8,942 |
| Taxable $134,700 = wages $150,000 − deduction $15,300. Brackets 5.35%/6.8%/7.85%/9.85%. | ||
| MN Paid Leave | −$55 | −$660 |
| 0.44% of wages up to $184,500. | ||
| Take-home pay | $8,682 | $104,189 |
take-home pay a month$8,682
$150,000 in Minneapolis: monthly budget after rent
| Unit | HUD FMR | Left after rent / mo | Rent share of take-home |
|---|---|---|---|
| Studio | $1,242 | $7,440 | 14.3% |
| One bedroom | $1,405 | $7,277 | 16.2% |
| Two bedrooms | $1,709 | $6,973 | 19.7% |
| Three bedrooms | $2,262 | $6,420 | 26.1% |
Rents are HUD Fair Market Rents for FY2026 (the 40th-percentile gross rent, utilities included, for the metro area — a modest, typical unit, not a luxury one). Take-home is for a single filer with no pre-tax deductions, 2026 tables, city tax where it applies. The 30% rule compares rent with take-home pay, not gross.