Physician · Salary Comparison · 2026
Physician Salary: Minneapolis, MN vs Austin, TX
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Physicians in Minneapolis, MN and Austin, TX, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ Minneapolis, MN
$225,000 vs $225,000
Better Purchasing Power
✓ Minneapolis, MN
$202,703 vs $181,452
Best Take-Home (COL-Adj)
✓ Minneapolis, MN
$174,561 vs $167,661
2
Detailed Comparison
| Metric | Minneapolis, MN | Austin, TX | Diff |
|---|---|---|---|
| Median Annual Salary | $225,000▲ | $225,000 | — |
| 25th Percentile | $168,000▲ | $168,000 | — |
| 75th Percentile | $295,000▲ | $295,000 | — |
| 90th Percentile | $368,000▲ | $368,000 | — |
| Cost of Living Index | 111 | 124 | -13 |
| State Income Tax | 6.8% | 0%▲ | +6.8% |
| COL-Adjusted Median | $202,703▲ | $181,452 | +$21,251 |
| Est. Annual Take-Home | $193,763 | $207,900▲ | -$14,137 |
| COL-Adj. Take-Home | $174,561▲ | $167,661 | +$6,900 |
| Total Employment | 9,000 | 6,000 | +3,000 |
▲ = Higher value wins for this metric. Diff = Minneapolis, MN minus Austin, TX.
3Summary Analysis
On paper, Minneapolis, MN pays $0 more (median: $225,000 vs $225,000). However, after adjusting for cost of living (index 111 vs 124), Minneapolis, MN provides better purchasing power ($202,703 vs $181,452 equivalent). Austin, TX has no state income tax, which is a significant advantage.
4More Physician City Comparisons
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.