Physician · Salary Comparison · 2026
Physician Salary: Minneapolis, MN vs New York, NY
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Physicians in Minneapolis, MN and New York, NY, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ New York, NY
$225,000 vs $250,000
Better Purchasing Power
✓ Minneapolis, MN
$202,703 vs $133,690
Best Take-Home (COL-Adj)
✓ Minneapolis, MN
$174,561 vs $115,068
2
Detailed Comparison
| Metric | Minneapolis, MN | New York, NY | Diff |
|---|---|---|---|
| Median Annual Salary | $225,000 | $250,000▲ | -$25,000 |
| 25th Percentile | $168,000 | $188,000▲ | -$20,000 |
| 75th Percentile | $295,000 | $328,000▲ | -$33,000 |
| 90th Percentile | $368,000 | $408,000▲ | -$40,000 |
| Cost of Living Index | 111 | 187 | -76 |
| State Income Tax | 6.8%▲ | 6.85% | -0.04999999999999982% |
| COL-Adjusted Median | $202,703▲ | $133,690 | +$69,013 |
| Est. Annual Take-Home | $193,763 | $215,177▲ | -$21,414 |
| COL-Adj. Take-Home | $174,561▲ | $115,068 | +$59,493 |
| Total Employment | 9,000 | 22,000 | -13,000 |
▲ = Higher value wins for this metric. Diff = Minneapolis, MN minus New York, NY.
3Summary Analysis
On paper, New York, NY pays $25,000 more (median: $225,000 vs $250,000). However, after adjusting for cost of living (index 111 vs 187), Minneapolis, MN provides better purchasing power ($202,703 vs $133,690 equivalent). Minneapolis, MN has the lower state tax rate (6.8% vs 6.85%).
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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.