How Much Rent Can You Afford in Minneapolis, MN?
To comfortably afford a 1-bedroom in Minneapolis ($1,330/month), you need to earn at least $70,000/year ($34/hr).
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Your take-home: $3,887/month
Max affordable rent: $1,166/month
Based on 30% of take-home pay (after taxes)
| Size | Avg Rent | % Income | Verdict |
|---|---|---|---|
| Studio | $1,037 | 26.7% | OK |
| 1-Bedroom | $1,330 | 34.2% | Tight |
| 2-Bedroom | $1,750 | 45% | No |
| 3-Bedroom | $2,075 | 53.4% | No |
After paying rent on a 1-BR ($1,330), you’d have $2,557/month left for everything else.
Affordability at Every Income Level
| Salary | Take-Home/mo | Max Rent | 1BR ($1,330) |
|---|---|---|---|
| $25,000 | $1,729 | $519 | 76.9% |
| $30,000 | $2,045 | $613 | 65% |
| $35,000 | $2,354 | $706 | 56.5% |
| $40,000 | $2,661 | $798 | 50% |
| $45,000 | $2,967 | $890 | 44.8% |
| $50,000 | $3,274 | $982 | 40.6% |
| $55,000 | $3,580 | $1,074 | 37.1% |
| $60,000 | $3,887 | $1,166 | 34.2% |
| $65,000 | $4,180 | $1,254 | 31.8% |
| $70,000 | $4,445 | $1,334 | 29.9% |
| $75,000 | $4,710 | $1,413 | 28.2% |
| $80,000 | $4,975 | $1,492 | 26.7% |
| $100,000 | $6,034 | $1,810 | 22% |
| $125,000 | $7,331 | $2,199 | 18.1% |
| $150,000 | $8,592 | $2,577 | 15.5% |
Single filer, 2025 tax brackets, 30% rule applied to take-home pay.
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