Is $120,000 a good salary in Minnesota?
$120,000 in Minnesota is an above-median household income - the 64th percentile of Minnesota households in the Census ACS 2024 distribution (66th nationally). A single filer keeps about $82,431 after federal, Minnesota state, and FICA taxes - roughly $6,869/mo at a 31% effective rate. Statewide median rent takes 12% of gross, inside the affordable band.
Estimate only - not financial advice. Methodology and sources.
Census ACS 2024 1-year data (tables B19080, B19013), verified . Reviewed by kgenots, Editor. Methodology
Minnesota household income distribution (ACS 2024)
Minnesota's own published cut-points - where $120,000 sits is highlighted. These are the actual Census quintile thresholds for Minnesota, not the national distribution rescaled.
| Percentile | Band | Household income |
|---|---|---|
| 20th percentile | Bottom 20% | $39,271✓ passed |
| 40th percentile | Lower-middle | $70,351✓ passed |
| 50th percentile (median) | Median household | $87,117✓ passed |
| 60th percentile | Upper-middle | $107,866✓ passed |
| 80th percentile | Top 20% starts | $166,625 |
| 95th percentile (top 5%) | Top 5% starts | $250,001 |
$120,000 clears the 60th percentile threshold in Minnesota - placing it at the 64th percentile of state households.
Take-home pay on $120,000 in Minnesota
| Gross income | $120,000 |
| Federal income tax | −$18,047 |
| Minnesota state income tax | −$10,343 |
| Social Security (6.2%) | −$7,440 |
| Medicare (1.45%) | −$1,740 |
| Take-home (net) | $82,431 |
That's about $6,869/month net, an effective tax rate of 31.3%. Minnesota's average combined sales tax is 8.05%, charged on taxable spending out of that net - a consumption cost on top of the income tax above.
Single filer, 2025 federal brackets + standard deduction. State tax uses Minnesota's top/flat marginal rate, so in progressive-bracket states (e.g. California, New York) the state line is an upper bound and your actual net is likely a little higher. Married-filing-jointly and pre-tax 401(k)/health deductions also change the result. Estimate only - Minnesota take-home detail →
Occupations near $120,000 (single earner)
BLS national median wages within ±15% of $120,000 - gives texture for which careers and seniorities land at this income level.
| Occupation | Stage | National wage |
|---|---|---|
| Registered nurse | senior | $121,000 |
| Pharmacist | entry-level | $113,000 |
| Data scientist | mid-career | $108,020 |
| Accountant | senior | $132,000 |
| Civil engineer | senior | $133,000 |
| Plumber | senior | $107,000 |
Source: BLS Occupational Employment and Wage Statistics (OEWS), May 2024. National medians; metro/state variance can be ±30%. Career stage estimates: entry ≈ 25th pct, senior ≈ 75th pct of the same SOC code.
Lifestyle context - rent burden in Minnesota
At $120,000 gross, statewide median rent eats 12% of income - inside the affordable band. Metro areas (LA, SF, NYC, Boston, Seattle) typically run 30-50% above the statewide median.
Home affordability at $120,000
Using the 28% rule on a 30-year mortgage, $120,000 gross supports a home purchase up to about $323,775. Minnesota median home value is $304,700 - you can afford 106% of the median home, so buying statewide is realistic.
How $120,000 ranks in neighboring states
State-adjusted percentile shows the same income placed in Minnesota's contiguous neighbors. Relevant for relocation, remote-work geography, or border-town decisions.
| State | Median HH | % vs median | Percentile |
|---|---|---|---|
| Minnesota (current) | $87,117 | +38% | 64th |
| Iowa | $75,501 | +59% | 72nd |
| South Dakota | $76,881 | +56% | 72nd |
| Wisconsin | $77,488 | +55% | 70th |
| North Dakota | $77,871 | +54% | 70th |
$120,000 ranks similarly in
Other incomes in Minnesota
Common questions
- Is $120,000 a good household income in Minnesota?
- It sits at roughly the 64th percentile of Minnesota households in the state's own Census ACS 2024 income distribution (Minnesota median $87,117). Nationally that's about the 66th percentile. Whether "good" depends on household size, debt, and metro cost of living - state figures smooth over big within-state variation.
- How does $120,000 compare to the Minnesota median?
- It's 38% above the Minnesota median household income of $87,117 (Census ACS 2024, table B19013). Half of Minnesota households earn less than $87,117, half earn more.
- How exact is the 64th percentile figure for $120,000?
- It is interpolated, not read off a published table. The Census publishes Minnesota household income only at quintile cut-points, and $120,000 falls between the 60th-percentile cut-point ($107,866) and the 80th-percentile cut-point ($166,625). We interpolate linearly between those two published points, so the figure is accurate to a few percentile points, not to the decimal.
- What is the highest income Minnesota's data can rank?
- Minnesota's published 95th-percentile cut-point is $250,001, below the $250,001 level at which the Census top-codes this measure. That means percentile positions in Minnesota stay meaningful across the full range shown here, unlike in higher-income states where the top bracket is censored.
Full data sources and formulas: /sources.
Source and methodology
Data source. Minnesota household income distribution comes from the U.S. Census Bureau, American Community Survey 2024 1-year estimates: table B19080 (quintile upper limits) and table B19013 (median household income), retrieved via the Census Reporter API on 2026-07-11.
How the percentile is derived. The Census publishes Minnesota only at the cut-points shown in the table above. We interpolate linearly between the two published points that bracket $120,000 ($107,866 and $166,625). We do not rescale one national curve by a state median, which is what most percentile calculators do.
Limitations. Interpolated positions are accurate to a few percentile points, not to the decimal. Minnesota's 95th-percentile cut-point is $250,001, below the $250,001 top-code ceiling, so ranks stay meaningful across the range shown. State-level figures also smooth over large metro-to-rural variation within Minnesota.
US household income percentile calculator → Income percentile by state (all 50) → Full methodology →
Estimate only - not financial advice. Percentiles are interpolated from US Census Bureau ACS household income distribution tables and describe where an income falls nationally - they are not a judgment of what you should earn or financial advice. Cost of living varies widely by state and metro.
Reviewed by kgenots, Editor · editorial policy