Salary Needed to Live in Minneapolis as a Couple
A couple sharing expenses without children needs approximately $28,548/year to live comfortably in Minneapolis, MN — including 12% savings.
Comfortable Salary
$28,548
with 12% savings
Bare Minimum
$23,919
no savings buffer
Monthly Expenses
$1,475
2% above national avg
Detailed Monthly Budget for a Couple in Minneapolis
| Expense | Minneapolis | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Apartment Rent | $170 | $137 | +24% |
| 🛒 Groceries | $30 | $27 | +11% |
| ⚡ Utilities | $18 | $19 | -5% |
| 🚗 Transportation | $36 | $35 | +3% |
| 🛡️ Car Insurance | $156 | $211 | -26% |
| 🏥 Health Insurance | $42 | $53 | -21% |
| Internet | $69 | $65 | +6% |
| Phone (×2) | $148 | $140 | +6% |
| Dining & Social | $477 | $450 | +6% |
| Entertainment | $191 | $180 | +6% |
| Personal Care (×2) | $138 | $130 | +6% |
| Total Monthly | $1,475 | $1,447 | +2% |
How We Calculated the Salary
Monthly expenses:$1,475
Target savings (12%):$240/mo
Monthly after-tax needed:$1,715
Effective tax rate:26%
Gross annual salary needed:$28,548
Other Household Types in Minneapolis
Related Pages
FAQ
What salary does a couple (no kids) need in Minneapolis?
A couple (no kids) needs approximately $28,548/year ($2,379/month gross) to live comfortably in Minneapolis with a 12% savings rate.
How much is rent for a couple (no kids) in Minneapolis?
A 1-2br apartment in Minneapolis costs approximately $170/month, which is the largest single expense at 12% of the total budget.
Is Minneapolis affordable for a couple (no kids)?
Minneapolis is roughly average for couple (no kids) costs, requiring a salary close to the national median.