What Is a Good Salary in Minnesota? (2026 Cost of Living Guide)

A good salary in Minnesota depends on whether you’re in the Twin Cities metro or Greater Minnesota. Here’s a complete breakdown.

Quick Answer

Situation Good Salary Comfortable Salary
Single, MN average $60,000-$80,000 $48,000-$60,000
Single in Minneapolis $70,000-$90,000 $58,000-$70,000
Single in St. Paul $65,000-$85,000 $55,000-$65,000
Single in Duluth $48,000-$65,000 $40,000-$48,000
Family of 4 $100,000-$135,000 $85,000-$100,000

Key consideration: Minnesota has relatively high state income tax (up to 9.85%), but offers excellent public services, healthcare, and quality of life.

Why Minnesota Is a Good Value

Minnesota offers:

  • Strong job market with major corporations (Target, UnitedHealth, 3M, Best Buy)
  • Excellent schools and healthcare systems
  • Lower housing costs than coastal metros
  • High quality of life despite cold winters
  • One of the highest median household incomes in the Midwest

Good Salary by Minnesota Area

Minneapolis

The larger of the Twin Cities with thriving downtown and job market.

Category Single Person Family of 4
Minimum to survive $42,000 $80,000
Comfortable $62,000 $110,000
Good lifestyle $85,000+ $145,000+

Median home price: ~$365,000
Average rent (1BR): ~$1,550/month

St. Paul

State capital with slightly lower costs than Minneapolis.

Category Single Person Family of 4
Minimum to survive $40,000 $75,000
Comfortable $58,000 $100,000
Good lifestyle $78,000+ $135,000+

Median home price: ~$320,000
Average rent (1BR): ~$1,400/month

Rochester

Home to Mayo Clinic with strong healthcare economy.

Category Single Person Family of 4
Minimum to survive $38,000 $72,000
Comfortable $55,000 $95,000
Good lifestyle $75,000+ $125,000+

Median home price: ~$340,000
Average rent (1BR): ~$1,350/month

Duluth

Northern MN city with lower costs and slower pace.

Category Single Person Family of 4
Minimum to survive $32,000 $60,000
Comfortable $45,000 $78,000
Good lifestyle $60,000+ $100,000+

Median home price: ~$260,000
Average rent (1BR): ~$1,100/month

How Much House Can You Afford in Minnesota?

Annual Salary Max Home Price (28% rule)
$60,000 $220,000-$245,000
$75,000 $280,000-$310,000
$100,000 $380,000-$420,000
$125,000 $480,000-$530,000

See our mortgage affordability calculators for detailed breakdowns.

Minnesota vs. Neighboring States

State $75K Salary Take-Home Cost of Living Index
Minnesota $56,700 98
Wisconsin $58,200 93
Iowa $58,800 89
South Dakota $60,800 92
North Dakota $60,100 93

Minnesota’s taxes are higher, but wages and services tend to be better.

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