Investment Banker · Salary Comparison · 2026
Investment Banker Salary: Minneapolis, MN vs Boston, MA
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Investment Bankers in Minneapolis, MN and Boston, MA, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ Boston, MA
$139,000 vs $171,000
Better Purchasing Power
✓ Minneapolis, MN
$125,225 vs $105,556
Best Take-Home (COL-Adj)
✓ Minneapolis, MN
$107,840 vs $92,657
2
Detailed Comparison
| Metric | Minneapolis, MN | Boston, MA | Diff |
|---|---|---|---|
| Median Annual Salary | $139,000 | $171,000▲ | -$32,000 |
| 25th Percentile | $107,030 | $131,670▲ | -$24,640 |
| 75th Percentile | $177,920 | $218,880▲ | -$40,960 |
| 90th Percentile | $222,400 | $273,600▲ | -$51,200 |
| Cost of Living Index | 111 | 162 | -51 |
| State Income Tax | 6.8% | 5%▲ | +1.7999999999999998% |
| COL-Adjusted Median | $125,225▲ | $105,556 | +$19,669 |
| Est. Annual Take-Home | $119,702 | $150,104▲ | -$30,402 |
| COL-Adj. Take-Home | $107,840▲ | $92,657 | +$15,183 |
| Total Employment | 17,600 | 33,600 | -16,000 |
▲ = Higher value wins for this metric. Diff = Minneapolis, MN minus Boston, MA.
3Summary Analysis
On paper, Boston, MA pays $32,000 more (median: $139,000 vs $171,000). However, after adjusting for cost of living (index 111 vs 162), Minneapolis, MN provides better purchasing power ($125,225 vs $105,556 equivalent). Boston, MA has the lower state tax rate (5% vs 6.8%).
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.