Minneapolis, MN
427,246Residents
$80,846Median household income
$1,371/moMedian gross rent
$362,200Median home value
33.4Median age
56%Adults with a bachelor’s degree or higher
48%Homes lived in by their owners
4.5×Home value to household income
Median rent takes about 20% of the median household income in Minneapolis.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $55,000 a year. In Minnesota that leaves roughly $3,553 a month after tax. See the full paycheck breakdown for $55,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.