Tax Manager · Salary Comparison · 2026
Tax Manager Salary: Minneapolis, MN vs Austin, TX
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Tax Managers in Minneapolis, MN and Austin, TX, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ Austin, TX
$101,000 vs $112,000
Better Purchasing Power
✓ Minneapolis, MN
$90,991 vs $90,323
Best Take-Home (COL-Adj)
✓ Austin, TX
$78,359 vs $83,458
2
Detailed Comparison
| Metric | Minneapolis, MN | Austin, TX | Diff |
|---|---|---|---|
| Median Annual Salary | $101,000 | $112,000▲ | -$11,000 |
| 25th Percentile | $77,770 | $86,240▲ | -$8,470 |
| 75th Percentile | $129,280 | $143,360▲ | -$14,080 |
| 90th Percentile | $161,600 | $179,200▲ | -$17,600 |
| Cost of Living Index | 111 | 124 | -13 |
| State Income Tax | 6.8% | 0%▲ | +6.8% |
| COL-Adjusted Median | $90,991▲ | $90,323 | +$668 |
| Est. Annual Take-Home | $86,978 | $103,488▲ | -$16,510 |
| COL-Adj. Take-Home | $78,359 | $83,458▲ | -$5,099 |
| Total Employment | 17,600 | 30,400 | -12,800 |
▲ = Higher value wins for this metric. Diff = Minneapolis, MN minus Austin, TX.
3Summary Analysis
On paper, Austin, TX pays $11,000 more (median: $101,000 vs $112,000). However, after adjusting for cost of living (index 111 vs 124), Minneapolis, MN provides better purchasing power ($90,991 vs $90,323 equivalent). Austin, TX 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.