Is 100K a good salary in Minneapolis?

The folks at the personal finance site GoBankingRates.com looked at where a $100K income would be considered "good" in America's 50 largest cities. "Rent and state taxes are above average in Minneapolis, but the third-highest healthcare costs on the list are enough to push the city to the lower half of the rankings.

What is the average cost of living in Minnesota?

The average Minnesotan said it would take a million dollars a year, but what does rich actually mean? It's a word that's difficult to define. If you define rich as being in the top 5% of income earners, here in Minnesota your household income needs to be over $218,000 a year.

What is considered rich in Minnesota?

The average Minnesotan said it would take a million dollars a year, but what does rich actually mean? It's a word that's difficult to define. If you define rich as being in the top 5% of income earners, here in Minnesota your household income needs to be over $218,000 a year.

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Minnesota Monthly Living Expenses Information Sheet

Minnesota Test Download

Name: Minnesota Monthly Living Expenses Information Sheet
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.65 (476 reviews)

Category:

Minnesota Family Law - Child Custody and Visitation

State:

Minnesota

Control #:

MN-8146D

Format:

Instant download

Description

This form details the monthly living expenses of a client and the client's children. Some of the categories included are: groceries, liquor, rent/mortgage, and property tax.

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For example, the average renter in Minneapolis to earn about $84,372 per year to comfortably own a home and $90,279 to rent. The median income is the area is below $28,000, about half of what is needed to meet the "50/30/20" rule.

The folks at the personal finance site GoBankingRates.com looked at where a $100K income would be considered "good" in America's 50 largest cities. "Rent and state taxes are above average in Minneapolis, but the third-highest healthcare costs on the list are enough to push the city to the lower half of the rankings.

The average Minnesotan said it would take a million dollars a year, but what does rich actually mean? It's a word that's difficult to define. If you define rich as being in the top 5% of income earners, here in Minnesota your household income needs to be over $218,000 a year.

Minneapolis Living Wage data 2020 living wage: $34,060 or $16.38 per hour at 2,080 hours worked per year. 110% of poverty for a family of four (4) with health coverage provided by employer. 2020 living wage: $28,820 or $13.86 per hour at 2,080 hours worked per year.

Hibbing. New Ulm. Montevideo. Kasson. Crookston. Fairmont. North Branch. Litchfield.

While ZipRecruiter is seeing salaries as high as $128,269 and as low as $19,335, the majority of salaries within the Average jobs category currently range between $46,686 (25th percentile) to $69,793 (75th percentile) with top earners (90th percentile) making $84,883 annually in Minnesota.

Minnesota Test Download

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How to fill out Minnesota Monthly Living Expenses Information Sheet?

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How much money do you need to live comfortably in Minneapolis?

Is 100K a good salary in Minneapolis?

What is the average cost of living in Minnesota?

What is considered rich in Minnesota?

What is a livable wage in MN?

How much money do you need to live comfortably in Minnesota?

What is considered a good salary in Minnesota?

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