Investment Banker · Salary Comparison · 2026
Investment Banker Salary: Minneapolis, MN vs Seattle, WA
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Investment Bankers in Minneapolis, MN and Seattle, WA, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ Seattle, WA
$139,000 vs $187,000
Better Purchasing Power
✓ Minneapolis, MN
$125,225 vs $115,432
Best Take-Home (COL-Adj)
✓ Minneapolis, MN
$107,840 vs $106,659
2
Detailed Comparison
| Metric | Minneapolis, MN | Seattle, WA | Diff |
|---|---|---|---|
| Median Annual Salary | $139,000 | $187,000▲ | -$48,000 |
| 25th Percentile | $107,030 | $143,990▲ | -$36,960 |
| 75th Percentile | $177,920 | $239,360▲ | -$61,440 |
| 90th Percentile | $222,400 | $299,200▲ | -$76,800 |
| Cost of Living Index | 111 | 162 | -51 |
| State Income Tax | 6.8% | 0%▲ | +6.8% |
| COL-Adjusted Median | $125,225▲ | $115,432 | +$9,793 |
| Est. Annual Take-Home | $119,702 | $172,788▲ | -$53,086 |
| COL-Adj. Take-Home | $107,840▲ | $106,659 | +$1,181 |
| Total Employment | 17,600 | 46,400 | -28,800 |
▲ = Higher value wins for this metric. Diff = Minneapolis, MN minus Seattle, WA.
3Summary Analysis
On paper, Seattle, WA pays $48,000 more (median: $139,000 vs $187,000). However, after adjusting for cost of living (index 111 vs 162), Minneapolis, MN provides better purchasing power ($125,225 vs $115,432 equivalent). Seattle, WA has no state income tax, which is a significant advantage.
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.