Salary in Minneapolis 2026: Take-Home, Budget, Cost of Living
Take-home at multiple salary levels, 50/30/20 budget, MIT living wage, neighbourhood rents, and top employers. Minnesota state tax verified April 2026.
78
COL Index (NYC=100)
$1,500/mo
Median 1BR Rent
$4,980
State Tax ($80K)
$48,000/yr
MIT Living Wage (single)
Your Take-Home in Minneapolis
$
$80,000/yr in Minneapolis
$4,994/mo
take-home after all taxes
Federal + FICA$15,092
Minnesota State Tax$4,980
Annual Take-Home$59,928
Is $X a Good Salary in Minneapolis?
| Annual | Take-Home/mo | Rent/Take-Home | Verdict |
|---|---|---|---|
| $50,000 | $3,284 | 46% | Workable |
| $75,000 | $4,729 | 32% | Solid |
| $100,000 | $6,053 | 25% | Excellent |
| $150,000 | $8,610 | 17% | Excellent |
Rent as % of monthly take-home. Under 33%: excellent. Under 40%: solid. Under 50%: workable. Over 50%: tight.
MIT Living Wage, Minneapolis (Minnesota)
$48,000/yr
Single adult
$130,000/yr
Family of 4
Source: MIT Living Wage Calculator 2025.
Cost of Living in Minneapolis, MN (Numbeo Q1 2026)
78 / 100
COL Index
vs NYC baseline
73 / 100
Rent Index
residential rents
82 / 100
Groceries Index
vs NYC
$95/mo
Transit Cost
monthly pass or equivalent
Neighbourhoods and Rent Ranges in Minneapolis
Uptown ($1,500-3,200), Northeast ($1,400-2,800), North Loop ($1,600-3,500), St. Paul ($1,200-2,500), Bloomington ($1,100-2,100)
Source: Zillow Observed Rent Index, April 2026. Ranges reflect studio to 2-bedroom.
Top Employers in Minneapolis
UnitedHealth Group, Target, Best Buy, Medtronic, 3M
Source: BLS QCEW 2024, company public disclosures.
Minneapolis vs Nearby Cities on $80,000/yr
Minnesota state income tax: see full rate breakdown at incometaxbystate.comCost of living by stateAll 25 metros
Minneapolis Salary FAQ
What is a good salary in Minneapolis in 2026?+
A 'good' salary in Minneapolis is one where rent consumes less than 30% of gross monthly income or 33% of take-home. On $80,000 per year in Minneapolis, take-home is determined by federal tax, FICA, and Minnesota state tax. Use the calculator above to see exact figures. The MIT Living Wage Calculator (2025) estimates a single adult in Minneapolis needs roughly the living wage figure shown above for a basic comfortable life without savings margin.
How much is rent in Minneapolis?+
The Zillow Observed Rent Index for Minneapolis (April 2026) shows a median 1-bedroom rent in the range listed in the city data above. Rent varies significantly by neighbourhood. Check the neighbourhood notes section for sub-city rent variation.
What is the take-home on $80,000 in Minneapolis?+
On $80,000 per year, a single filer in Minneapolis pays federal income tax plus FICA. Minnesota state income tax applies at the rate shown in the calculator above. Use the calculator to see exact take-home for your filing status.
Does Minneapolis have a city income tax?+
Minneapolis does not charge a separate city income tax in 2026. State income tax is the only sub-federal income tax applicable.
How does Minneapolis compare to the national average?+
The cost of living index for Minneapolis (Numbeo Q1 2026, NYC=100) is shown in the stats above. A higher index means higher costs than NYC; lower means cheaper. For a direct side-by-side comparison with any other city, use the compare tool linked below.