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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.)
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.
What is a good salary in MN?
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.)
How much do you need to make to live comfortably in Minneapolis?
However, despite a stronger median income, the cost of living is also relatively high. 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 decent salary in Minneapolis?
Median household income in Minneapolis was about $73,000 while the median family income was $93,000, both as of 2016.
What is the average income in Minneapolis?
Income and Salaries for Minneapolis The US average is $28,555 a year. — The Median household income of a Minneapolis resident is $50,767 a year. The US average is $53,482 a year.
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.
What does the average Minnesotan make?
In Minnesota, the mean household income is $75,432. The median income is much less at $58,476 it may be a better measure of income for most of the state. This matters to anyone seeking to understand how families are faring and how family situations vary, including by geography.
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