Is $40k a good salary in Minneapolis, MN?
tight A $40k salary is 60% below the median household income here ($99,833). After tax you take home about $2,633 a month, and median rent ($1,440) takes 55% of that.
$31,600 take-home a year
| Gross pay | $40,000 |
| Federal income tax | −$2,620 |
| Social Security + Medicare | −$3,060 |
| Minnesota income tax (approx.) | −$2,720 |
| Monthly take-home | $2,633 |
| Every two weeks | $1,215 |
$38,160What $40k buys in Minneapolis, MN, expressed in average-US prices (price level 104.8).
55%Rent share of take-home. Under 25% is comfortable, 25–35% workable, above 35% tight.
Jobs that pay about $40k in Minneapolis, MN
- Home Health and Personal Care Aides $38,860
- Retail Salespersons $36,670
- Janitors and Cleaners, Except Maids and Housekeeping Cleaners $40,800
- Stockers and Order Fillers $37,440
- Cooks, Restaurant $39,640
- Security Guards $43,430
- Receptionists and Information Clerks $38,000
- Maids and Housekeeping Cleaners $38,600
Other salaries in Minneapolis, MN
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Median household income and rent: Census 2024 ACS 5-year. Household income covers all earners, so compare with care if you live alone. Take-home is an estimate for a single filer.