Minnesota Monthly Living Expenses Information Sheet

State:
Minnesota
Control #:
MN-8146D
Format:
Word; 
Rich Text
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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FAQ

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.

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

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.

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.

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.

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.

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.

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Minnesota Monthly Living Expenses Information Sheet