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What is a livable wage in MN?
Minneapolis Living Wage Data 2019 living wage: $33,475 or $16.09 per hour at 2,080 hours worked per year. 2018 living wage: $28,325 or $13.62 per hour at 2,080 hours worked per year.
How much money do you need to live comfortably in Minneapolis?
That leaves a median earner in Minneapolis $28,653 short of what they need to live comfortably if they own and $34,557 short if they rent.
What is a livable wage in Minneapolis?
Minneapolis Living Wage Data 2019 living wage: $33,475 or $16.09 per hour at 2,080 hours worked per year. 2018 living wage: $28,325 or $13.62 per hour at 2,080 hours worked per year.
Is it expensive to live in Minneapolis?
Cost of Living in Minneapolis, Minnesota Our cost of living indices are based on a US average of 100. An amount below 100 means Minneapolis is cheaper than the US average. A cost of living index above 100 means Minneapolis, Minnesota is more expensive.
What is a good salary in Minnesota?
According to census data, 41 percent of households in Minnesota make less than $50,000 a year, while 60 percent make less than $75,000. (To put that in perspective, a $50,000 yearly salary equates to a $25 hourly wage doing full-time work.)
Is 100k a good salary in Minneapolis?
You'll be able to live an extremely comfortable life on 100k. The median household income in Minneapolis is a little over 50k. Find a partner who makes another 100k and your combined household income would put you in the top 6 percent for the whole state.
How much money do you need to make to live in Minneapolis?
It landed on an annual total of $64,170 in Minneapolis $32,000 for necessities, $19,000 for discretionary spending and $12,834 for savings. That makes Minneapolis the 11th-most expensive city on the list. San Francisco (nearly $120,000 a year) was the most expensive. Tuscon, Ariz. ($39,966) was the least.
What is considered a good salary in Minnesota?
According to census data, 41 percent of households in Minnesota make less than $50,000 a year, while 60 percent make less than $75,000. (To put that in perspective, a $50,000 yearly salary equates to a $25 hourly wage doing full-time work.)
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