Physician Salary in Minneapolis, MN
Physicians in Minneapolis, MN earn a median of $225,000/year, ranging from $168,000 (25th percentile) to $368,000 (90th percentile). After Minnesota state taxes (6.8%) and cost-of-living adjustments (COL index 111), this is equivalent to $202,703 in purchasing power vs the US average.
1Salary Distribution in Minneapolis, MN
2Estimated Take-Home & Purchasing Power
* Estimates only. Does not include federal income tax, 401k, health insurance, or local taxes. Use the Salary Calculator for a detailed breakdown.
How Does Minneapolis, MN Compare?
| City | Median | COL Index | COL-Adjusted |
|---|---|---|---|
| Minneapolis, MN (current) | $225,000 | 111 | $202,703 |
| San Francisco, CA | $260,000 | 186 | $139,785 |
| New York, NY | $250,000 | 187 | $133,690 |
| Seattle, WA | $248,000 | 162 | $153,086 |
| Boston, MA | $252,000 | 162 | $155,556 |
| Austin, TX | $225,000 | 124 | $181,452 |
4Frequently Asked Questions
What is the average Physician salary in Minneapolis, MN?
The median Physician salary in Minneapolis, MN is $225,000 per year as of 2026 BLS OEWS data. The 25th percentile is $168,000 and the 90th percentile is $368,000.
Is Minneapolis, MN a good place to work as a Physician?
Minneapolis, MN has a cost of living index of 111 (US average = 100). After adjusting for cost of living, a $225,000 Physician salary in Minneapolis, MN is equivalent to $202,703 in purchasing power compared to the US average.
What is the cost of living adjustment for Minneapolis, MN?
Minneapolis, MN has a cost of living index of 111, meaning it is 11% more expensive than the US average. The state income tax rate in Minnesota is approximately 6.8%.
What is the Physician salary range in Minneapolis, MN?
In Minneapolis, MN, Physicians earn between $168,000 (25th percentile) and $368,000 (90th percentile), with a median of $225,000 per year.
How many Physician jobs are there in Minneapolis, MN?
According to BLS OEWS data, there are approximately 9,000 Physician positions in the Minneapolis, MN metropolitan area.
What do Physicians earn in Minneapolis, MN?
Based on BLS OEWS 2026 data, Physicians in Minneapolis, MN earn a median annual wage of $225,000. The middle 50% earn between $168,000 and $295,000. The top 10% earn more than $368,000. There are approximately 9,000 Physicians employed in the Minneapolis, MN metro area, with annual job growth estimated at 2%.
Is Minneapolis, MN a good place for a Physician?
Minneapolis, MN has a cost of living index of 111 (US average = 100), making it 11% more expensive than the national average. After adjusting for cost of living, a Physician in Minneapolis, MN earning $225,000has the equivalent purchasing power of $202,703 relative to the US median. Minnesota has a state income tax rate of approximately 6.8%.
What is the cost of living adjustment for Minneapolis, MN?
Minneapolis, MN's cost of living index is 111, based on composite data including housing, food, transportation, healthcare, and utilities. This means that $225,000 in Minneapolis, MNhas the same purchasing power as $202,703 in a city at exactly the US average cost of living. Housing is typically the largest driver of cost of living differences between metros.
Compare Minneapolis, MN with Another City
See a detailed side-by-side comparison of salary, taxes, and purchasing power.
Data source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS) Program. All figures are approximate annual estimates based on the most recent available BLS data. Actual salaries may vary based on experience, education, employer size, and specific role. Cost-of-living data represents composite indices from publicly available metropolitan area data.