Is $50K a Good Salary in Minneapolis? (2026)
Budget breakdown for $50,000 in Minneapolis: rent, groceries, transport, and what is left over. Purchasing power = $44,643 nationally.
$50,000 in Minneapolis has the purchasing power of approximately $44,643 nationally. That puts you near the local median salary of $62,000. This is a solid middle-ground salary for Minneapolis.
Monthly Budget on $50K in Minneapolis
50K salary in Minneapolis — is it enough? This calculator shows your take-home pay, cost of living, tax burden, and purchasing power on a 50K salary in Minneapolis. Compare 50K income in Minneapolis to other cities and see how far 50K goes after taxes, rent, and expenses.
| Budget Item | Monthly | % of Take-Home |
|---|---|---|
| Rent (1BR median) | $1,400 | 48% |
| Groceries | $368 | 13% |
| Transportation | $95 | 3% |
| Utilities & Phone | $280 | 10% |
| Total Essentials | $2,143 | 73% |
| Remaining for Savings/Fun | $774 | 27% |
Based on estimated take-home of $2,917/month after taxes. Get your exact number: Take-Home Pay Calculator
Housing on $50K in Minneapolis
The 30% rule gives you a max rent of $1,250/month. Median 1BR in Minneapolis is $1,400/month — you may need roommates or a smaller space.
Thinking about buying? See How Much House on $50K or use the Home Affordability Calculator.