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This question is about Minneapolis, MN.
What is a good salary in Minneapolis, MN?
A good salary in Minneapolis, MN is anything over $48,000. That's because the median income in Minneapolis is $48,000, which means if you earn more than that you're earning more than 50% of the people living in Minneapolis. The average salary in Minneapolis is $56,682.
A good hourly wage in Minneapolis is $23.08 per hour. That works out to a good weekly wage of $923 per week and a good monthly wage of $4,000 per month. However, using the median income is only one way to calculate a good salary in Minneapolis.
Another way to calculate a good salary in Minneapolis is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $251,600, a good salary in Minneapolis would be $50,320.
Lastly, we can determine a good salary in Minneapolis by looking at the cost of living and comparing it to the US average salary. The cost of living in Minneapolis is 7% higher than than the national average. The national average salary is $56,310, so a good salary in Minneapolis is anything over $60,251 by this measure.
Average Annual Salary in Minneapolis, MN
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $23,000 | $1,916 | $442 | $11.06 |
| 25th | $33,000 | $2,750 | $634 | $15.87 |
| Median | $48,000 | $4,000 | $923 | $23.08 |
| 75th | $70,000 | $5,833 | $1,346 | $33.65 |
| 90th | $99,000 | $8,250 | $1,903 | $47.6 |
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