Financial Analyst · Salary Comparison · 2026
Financial Analyst Salary: Minneapolis, MN vs Austin, TX
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Financial Analysts in Minneapolis, MN and Austin, TX, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ Austin, TX
$90,000 vs $92,000
Better Purchasing Power
✓ Minneapolis, MN
$81,081 vs $74,194
Best Take-Home (COL-Adj)
✓ Minneapolis, MN
$69,824 vs $68,555
2
Detailed Comparison
| Metric | Minneapolis, MN | Austin, TX | Diff |
|---|---|---|---|
| Median Annual Salary | $90,000 | $92,000▲ | -$2,000 |
| 25th Percentile | $66,000 | $68,000▲ | -$2,000 |
| 75th Percentile | $118,000 | $120,000▲ | -$2,000 |
| 90th Percentile | $152,000 | $155,000▲ | -$3,000 |
| Cost of Living Index | 111 | 124 | -13 |
| State Income Tax | 6.8% | 0%▲ | +6.8% |
| COL-Adjusted Median | $81,081▲ | $74,194 | +$6,887 |
| Est. Annual Take-Home | $77,505 | $85,008▲ | -$7,503 |
| COL-Adj. Take-Home | $69,824▲ | $68,555 | +$1,269 |
| Total Employment | 10,000 | 9,000 | +1,000 |
▲ = Higher value wins for this metric. Diff = Minneapolis, MN minus Austin, TX.
3Summary Analysis
On paper, Austin, TX pays $2,000 more (median: $90,000 vs $92,000). However, after adjusting for cost of living (index 111 vs 124), Minneapolis, MN provides better purchasing power ($81,081 vs $74,194 equivalent). Austin, TX has no state income tax, which is a significant advantage.
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Data: U.S. Bureau of Labor Statistics OEWS · 2026 · Cost-of-living indices from composite metro area data. Take-home estimates approximate only — consult a tax professional for accurate figures.