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Job Salary Guide ยท 2026

Financial Analyst Salary After Tax in Minneapolis

Based on BLS OEWS data ยท MN ยท Single filer

Rent: ModerateCOL Index: 1.17

Financial Analyst Salary Range

25th Percentile

$70,000

Take-home:

$53,331

$4,444/mo

Entry to mid-level

Median

$96,000

Take-home:

$69,854

$5,821/mo

Typical salary

75th Percentile

$130,000

Take-home:

$90,955

$7,580/mo

Senior / specialist

Tax Breakdown

At median salary of $96,000

Gross Salary$96,000
Federal Tax(13.3%)โ€“$12,734
MN State Taxโ€“$6,068
Social Securityโ€“$5,952
Medicareโ€“$1,392
Annual Take-Home$69,854
$5,821Monthly
$2,687Bi-Weekly
27.24%Effective Rate

Cost of Living in Minneapolis

Rent-to-income ratio (1BR)27.5% โ€” Moderate

1BR Monthly Rent

$1,600/mo

2BR Monthly Rent

$2,050/mo

COL Index

1.17

Comfortable Rent Max

$1,455/mo

50 / 30 / 20 Budget Planner

Based on your monthly take-home of $5,821 ($69,852/yr)

Needs 50%Wants 30%Savings 20%
Needs50%

$2,911

per month

  • โ€บRent / mortgage
  • โ€บGroceries
  • โ€บUtilities
  • โ€บInsurance
  • โ€บMinimum debt payments
  • โ€บTransportation
Wants30%

$1,746

per month

  • โ€บDining out
  • โ€บStreaming services
  • โ€บGym
  • โ€บHobbies
  • โ€บTravel
  • โ€บShopping
Savings20%

$1,164

per month

  • โ€บEmergency fund
  • โ€บ401(k) / IRA
  • โ€บInvestments
  • โ€บDown payment fund
  • โ€บDebt payoff (extra)

Needs / year

$34,926

Wants / year

$20,956

Savings / year

$13,970

Frequently Asked Questions

What is the average Financial Analyst salary in Minneapolis?

The median Financial Analyst salary in Minneapolis (MN) is $96,000 per year based on BLS OEWS data. The 25th percentile is $70,000 and the 75th percentile is $130,000.

What is the take-home pay for a Financial Analyst in Minneapolis?

At the median salary of $96,000, a Financial Analyst in MN takes home approximately $69,854 per year ($5,821/month) after federal and state taxes. The effective tax rate is 27.24%.

Can a Financial Analyst afford rent in Minneapolis?

The average 1-bedroom rent in Minneapolis is $1,600/month. On the median Financial Analyst salary, your rent-to-income ratio is 27.5%, which is "Moderate". Financial experts recommend keeping rent below 25โ€“30% of take-home pay ($1,455/month at this salary).

How does cost of living affect Financial Analyst salaries in Minneapolis?

Minneapolis has a cost-of-living index of 1.17 (1.00 = national average). Minneapolis is 17% more expensive than the US average, which reduces the real purchasing power of the Financial Analyst salary.