2026 Tax Year · Single Filer · Minnesota

$47 an Hour in Minnesota — After-Tax Take-Home (2026)

At $47/hour (2,080 hours/year), your gross annual income is $97,760. After federal income tax, Social Security, Medicare, and Minnesota state income tax, your take-home pay is $34.86/hr. In Minnesota's medium cost-of-living environment, this is a comfortable living wage in Minnesota.

Gross Annual
$97,760
Net Annual
$72,511
Net Monthly
$6,043
Net Hourly
$34.86

Pay Period Breakdown

Period Gross Tax Net
Hourly $47.00 $12.14 $34.86
Daily (8 hrs) $376.00 $97.11 $278.89
Weekly (40 hrs) $1,880.00 $485.56 $1,394.44
Biweekly $3,760.00 $971.12 $2,788.88
Monthly $8,146.67 $2,104.10 $6,042.57
Annual $97,760 $25,249 $72,511

Full Tax Breakdown — Minnesota, Single Filer

Item Rate / Notes Amount
Gross Annual Income $47/hr × 2,080 hrs $97,760
Federal Standard Deduction Single 2026 −$16,100
Federal Taxable Income $81,660
Federal Income Tax 13.0% −$12,677.20
Social Security (6.2%) up to $168,600 −$6,061.12
Medicare (1.45%) −$1,417.52
Minnesota Standard Deduction Single 2026 −$16,100
Minnesota State Income Tax 5.2% −$5,093.38
Total Tax 25.8% effective −$25,249.22
Net Take-Home $72,511

How Does Minnesota Compare?

See how $47/hr take-home differs in other states at the same wage:

State State Tax Net Monthly Net Annual
California $5,150.26 $6,038/mo $72,454 Florida None $6,467/mo $77,604 New York $4,820.81 $6,065/mo $72,783 Texas None $6,467/mo $77,604 Washington None $6,467/mo $77,604
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Equivalent Annual Salary Pages

$47/hr = $97,760/year gross. See the full state-by-state salary breakdown:

$97,760 salary in Minnesota — full breakdown $97,760 after tax in Minnesota $97,760 salary to hourly Minnesota paycheck calculator

Adjacent Rates in Minnesota

$44/hr in Minnesota$45/hr in Minnesota$46/hr in Minnesota$48/hr in Minnesota$49/hr in Minnesota$50/hr in Minnesota

Same Rate, Other States

$47/hr in Alabama$47/hr in Alaska$47/hr in Arizona$47/hr in Arkansas$47/hr in California$47/hr in Colorado

Cost of Living in Minnesota

✓ Comfortable — $47/hr covers costs in Minnesota
  • Avg 1BR rent in Minneapolis: $1,250/mo — within budget (15% of gross monthly)
  • Minimum comfortable income in Minnesota: $42,000/yr
  • Your net annual: $72,511 ($30,511 above comfortable threshold)
  • Purchasing power equivalent in Texas: ~$47/hr

Working at $47/hr in Minnesota

At this level in Minnesota the progressive tax structure takes a significant bite — effective state rates often reach 7–8%. The strong corporate presence (Fortune 500 companies per capita is among the highest in the US) means high-skill workers are well compensated to offset the higher taxes.

At ${rate}/hr, you work roughly 36 hours each month to cover a typical 1BR in Minneapolis (${rent.toLocaleString()}/mo) -- that's within the 30% gross income guideline. This wage is 4.2x Minnesota's minimum wage of ${ctx.minWage}/hr. Your combined effective tax rate at ${rate}/hr in Minnesota is 25.8% -- federal income tax accounts for 13.0%, FICA 7.6%, and Minnesota state tax 5.2%.

Minnesota has a highly educated workforce and strong corporate base — Target, UnitedHealth Group, 3M, General Mills, and Best Buy are all headquartered here. The Twin Cities metro has a diverse, resilient economy. Healthcare, finance, retail, and manufacturing are major sectors.

Minnesota has a progressive income tax with a top rate of 9.85% — one of the highest in the Midwest. The brackets are steep: the 6.8% rate applies above ~$29k for single filers. This creates a noticeably higher state tax burden at mid and upper incomes relative to neighboring Wisconsin or Iowa.

Minnesota's minimum wage is $11.13/hr for large employers (2026).

Monthly Budget on $47/hr in Minnesota

Based on $6,043/month take-home. Percentages follow common 50/30/20 guidelines adjusted for Minnesota's cost of living.

Category Monthly Annual % of Net
Rent / Housing $1,250 $15,000 20.7%
Food (groceries + dining) $725 $8,700 12.0%
Transportation $604 $7,248 10.0%
Utilities $363 $4,356 6.0%
Healthcare $302 $3,624 5.0%
Entertainment $302 $3,624 5.0%
Savings (10% target) $604 $7,248 10.0%
Remaining / Surplus $1,893 $22,716 31.3%

Overtime Pay — $47/hr in Minnesota

At time-and-a-half ($70.50/hr), here's what overtime adds to your annual net income in Minnesota. Your marginal tax rate at this income level is ~30.3%.

Extra Hours/Week OT Gross/Week Net/Week (est.) Added Net/Year
5 hrs/week $353 $246 $12,300
10 hrs/week $705 $492 $24,600
20 hrs/week $1,410 $983 $49,150

Hours to Afford Common Purchases at $47/hr

How many hours of work (gross) to buy common items. Actual cost in after-tax hours is higher — divide by your $34.86 net hourly rate for the true cost in time.

Purchase Price Gross Hours Net Hours
Tank of gas (12 gal) $50 1.1 hrs 1.5 hrs
Week of groceries $120 2.6 hrs 3.5 hrs
iPhone 16 (base) $799 17 hrs 23 hrs
1 month rent (Minneapolis) $1,250 26.6 hrs 35.9 hrs
Used car ($10k) $10,000 212.8 hrs 286.9 hrs
Median new car ($48k) $48,000 1021.3 hrs 1376.9 hrs

Frequently Asked Questions

47 an hour -- is it a good wage in Minnesota?

47/hr in Minnesota gives you $72,511/year after taxes -- a comfortable living wage in Minnesota. Avg 1BR rent in Minneapolis: $1,250/month (within the 30% rule).

What is 47 an hour after taxes in Minnesota?

47/hr in Minnesota = $72,511/year or $6,043/month net. Effective rate: 25.8%.

How does 47/hr go further -- Minnesota or Texas?

47/hr in Minnesota has similar purchasing power to ~47/hr in Texas.

What does 47/hr look like as a monthly budget in Minnesota?

On $6,043/month in Minnesota: rent $1,250, food $725, transport $604, savings $604, surplus ~$1,893.

How much does overtime add at 47/hr in Minnesota?

At 1.5x (70.50/hr OT), 5 extra hrs/week adds ~$12,300/year net; 10 hrs/week adds ~$24,600/year.