Salary Needed to Live in Minneapolis as a Single
A single adult living independently needs approximately $20,288/year to live comfortably in Minneapolis, MN — including 10% savings.
Comfortable Salary
$20,288
with 10% savings
Bare Minimum
$17,546
no savings buffer
Monthly Expenses
$1,082
0% below national avg
Detailed Monthly Budget for a Single in Minneapolis
| Expense | Minneapolis | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 Studio/1BR Rent | $140 | $113 | +24% |
| 🛒 Groceries | $20 | $17 | +18% |
| ⚡ Utilities | $13 | $14 | -7% |
| 🚗 Transportation | $27 | $26 | +4% |
| 🛡️ Car Insurance | $156 | $211 | -26% |
| 🏥 Health Insurance | $42 | $53 | -21% |
| Internet | $69 | $65 | +6% |
| Phone | $90 | $85 | +6% |
| Dining & Social | $318 | $300 | +6% |
| Entertainment | $127 | $120 | +6% |
| Personal Care | $80 | $75 | +7% |
| Total Monthly | $1,082 | $1,079 | 0% |
How We Calculated the Salary
Monthly expenses:$1,082
Target savings (10%):$139/mo
Monthly after-tax needed:$1,221
Effective tax rate:26%
Gross annual salary needed:$20,288
Other Household Types in Minneapolis
Related Pages
FAQ
What salary does a single person need in Minneapolis?
A single person needs approximately $20,288/year ($1,691/month gross) to live comfortably in Minneapolis with a 10% savings rate.
How much is rent for a single person in Minneapolis?
A studio/1br in Minneapolis costs approximately $140/month, which is the largest single expense at 13% of the total budget.
Is Minneapolis affordable for a single person?
Minneapolis is roughly average for single person costs, requiring a salary close to the national median.