$20.50 an hour after taxes in Minnesota
$20.50 an hour is $42,640 a year before tax at 40 hours a week. After 2026 federal, FICA and Minnesota taxes:
You keep
$34,788
a year after taxes
- Every two weeks
- $1,338
- A month
- $2,899
- Effective tax rate
- 18.4%
MN Income tax rates from 5.35% to 9.85%
| Line | Every two weeks | Year |
|---|---|---|
GROSS Gross pay |
$1,640.00 | $42,640.00 |
FED Federal income tax |
-$112.95 | -$2,936.80 |
OASDI Social Security tax |
-$101.68 | -$2,643.68 |
MED Medicare tax |
-$23.78 | -$618.28 |
ST Minnesota income tax |
-$56.36 | -$1,465.37 |
PFML Minnesota Paid Leave (employee share, new 1 Jan 2026) |
-$7.22 | -$187.62 |
NET Take-home pay | $1,338.01 | $34,788.26 |
$20.50 an hour per paycheck, month and day in Minnesota
| Period | Gross | Taxes | Take-home |
|---|---|---|---|
| Year | $42,640 | -$7,852 | $34,788 |
| Month | $3,553 | -$654 | $2,899 |
| Every two weeks | $1,640 | -$302 | $1,338 |
| Week | $820 | -$151 | $669 |
| Day | $164 | -$30 | $134 |
Biweekly means 26 paychecks a year. A day is one of 260 working days (five a week). "Taxes and deductions" includes every line on the stub above.
If you work more or fewer hours
| Hours a week | Yearly gross | Yearly take-home |
|---|---|---|
| 20 | $21,320 | $18,748 |
| 25 | $26,650 | $22,829 |
| 30 | $31,980 | $26,840 |
| 35 | $37,310 | $30,814 |
| 40 | $42,640 | $34,788 |
| 45 (5 overtime) | $50,635 | $41,039 |
| 50 (10 overtime) | $58,630 | $47,204 |
From 2026, federal income tax exempts the overtime premium (the extra half of time-and-a-half) up to $12,500 a year for single filers. Social Security, Medicare and Minnesota tax still apply to it in this estimate.
What $20.50 an hour affords in Minnesota
- Rent at 30% of gross pay
- $1,066 a month
- Needs (50% of take-home)
- $1,450 a month
- Wants (30%)
- $870 a month
- Savings and debt (20%)
- $580 a month
The 30% rule is the benchmark HUD uses for housing cost burden. The 50/30/20 split applies to the $2,899 monthly take-home figure above.
How Minnesota compares
Minnesota's rates run from 5.35% to 9.85%, and your last dollar here is taxed at 5.35%. On $20.50 an hour ($42,640 a year) the state takes $1,465 in income tax (3.4% of gross) plus $188 in required state payroll contributions (Minnesota Paid Leave (employee share, new 1 Jan 2026)), the 44th lowest of 51 jurisdictions.
| State | State taxes | Take-home a year |
|---|---|---|
| Minnesota | $1,653 | $34,788 |
| Iowa | $969 | $35,473 |
| North Dakota | $0 | $36,441 |
| South Dakota | $0 | $36,441 |
| Wisconsin | $1,214 | $35,227 |
| California | $1,243 | $35,199 |
| Texas | $0 | $36,441 |
Questions people ask about $20.50 an hour in Minnesota
How much is $20.50 an hour a year after taxes in Minnesota?
Working 40 hours a week for 52 weeks, $20.50 an hour is $42,640 before tax. After $2,937 federal income tax, $3,262 Social Security and Medicare, and $1,653 in Minnesota state taxes, you take home $34,788 a year as a single filer in 2026.
How much is $20.50 an hour biweekly after taxes in Minnesota?
$20.50 an hour is $1,640 gross every two weeks. After taxes a biweekly paycheck comes to about $1,338.
$20.50 an hour is how much a month?
$20.50 an hour is $3,553 a month before tax and about $2,899 after tax in Minnesota, averaged over 12 months.
How much rent can I afford on $20.50 an hour?
The 30% rule puts rent at $1,066 a month on $3,553 gross. Budgeting from take-home pay with 50/30/20, all needs including rent get $1,450.
How much is $20.50 an hour with overtime in Minnesota?
At 50 hours a week (10 hours at $30.75), you earn $58,630 a year and keep $47,204. The 2026 federal overtime deduction takes $5,330 of overtime premium out of federal taxable income; Social Security and Medicare still apply.
How much Minnesota state tax comes out of $20.50 an hour?
$1,465 a year, or $56 per biweekly paycheck, in Minnesota income tax, plus $188 a year in state payroll contributions. Local income taxes, where they exist, are not included.
Try your own numbers
Sources and assumptions
Tax year 2026. Annual tax for a filer with no dependents, no other income and no credits, working 52 weeks. Hours over 40 a week are paid at 1.5×. Local income taxes are not included. How we calculate.
- IRS Revenue Procedure 2025-32: federal brackets and standard deduction (retrieved 2026-09-26)
- Social Security Administration: 2026 wage base; IRS: Medicare and Additional Medicare Tax
- Minnesota tax source (retrieved 2026-09-26; some 2026 amounts projected until the state publishes them, see the data notes)