Is $45,000 a good salary in Minnesota?

$45,000 in Minnesota provides a monthly take-home of approximately $2,972 after taxes. Across major Minnesota cities, this salary is rated comfortable, with an average monthly surplus of $641.

What is the cost of living on $45,000 in Minnesota?

The average monthly living cost across major Minnesota cities is approximately $2,331 for a single adult (rent, food, transport, utilities, healthcare). On $45,000 take-home pay of $2,972/month, you would have roughly $641/month remaining.

Living in Minnesota · 2026

Is $45,000 enough to live in Minnesota?

Single adult · MN · 2026 tax brackets · Real cost-of-living data

Statewide verdict:Comfortable

Monthly take-home

$2,972

Avg monthly expenses

$2,331

Avg monthly surplus

$641

Savings potential

~22%

After-tax take-home in Minnesota

Gross salary$45,000

Federal income tax− $3,294

State income tax− $2,600

Social Security− $2,790

Medicare− $653

Annual take-home$35,663

Effective tax rate20.75%

How $45,000 feels in Minnesota cities

Rent: HUD FMR 2026 · Food: USDA Low-Cost Plan × COL · Transport/Utilities/Healthcare: BLS CES × COL

Minneapolis

COL index: 1.17× national avg

Manageable

Rent (1BR)

$1,600

Food

$484

Transport

$205

Utilities

$193

Healthcare

$234

Total: $2,716/mo

Surplus: $256/mo

Rent burden: 53.8% — Unaffordable (> 50%)

Full Minneapolis analysis →

St Paul

COL index: 1.10× national avg

Manageable

Rent (1BR)

$1,450

Food

$462

Transport

$193

Utilities

$182

Healthcare

$220

Total: $2,507/mo

Surplus: $465/mo

Rent burden: 48.8% — High (35–50%)

Full St Paul analysis →

Rochester

COL index: 0.95× national avg

Comfortable

Rent (1BR)

$1,150

Food

$440

Transport

$166

Utilities

$157

Healthcare

$190

Total: $2,103/mo

Surplus: $869/mo

Rent burden: 38.7% — High (35–50%)

Full Rochester analysis →

Duluth

COL index: 0.88× national avg

Comfortable

Rent (1BR)

$1,000

Food

$418

Transport

$154

Utilities

$145

Healthcare

$176

Total: $1,893/mo

Surplus: $1,079/mo

Rent burden: 33.6% — Manageable (25–35%)

Full Duluth analysis →

Bloomington

COL index: 1.08× national avg

Comfortable

Rent (1BR)

$1,400

Food

$418

Transport

$189

Utilities

$178

Healthcare

$216

Total: $2,401/mo

Surplus: $571/mo

Rent burden: 47.1% — High (35–50%)

Full Bloomington analysis →

Brooklyn Park

COL index: 1.05× national avg

Comfortable

Rent (1BR)

$1,350

Food

$449

Transport

$184

Utilities

$173

Healthcare

$210

Total: $2,366/mo

Surplus: $606/mo

Rent burden: 45.4% — High (35–50%)

Full Brooklyn Park analysis →

50 / 30 / 20 Budget Planner

Based on your monthly take-home of $2,972 ($35,664/yr)

Needs 50%Wants 30%Savings 20%

Needs50%

$1,486

per month

›Rent / mortgage
›Groceries
›Utilities
›Insurance
›Minimum debt payments
›Transportation

Wants30%

$892

per month

›Dining out
›Streaming services
›Gym
›Hobbies
›Travel
›Shopping

Savings20%

$594

per month

›Emergency fund
›401(k) / IRA
›Investments
›Down payment fund
›Debt payoff (extra)

Needs / year

$17,832

Wants / year

$10,699

Savings / year

$7,133

Salary Intelligence

Financial pressure in Minneapolis

Rent alone would take 54% of take-home income. This salary creates significant financial pressure in this city — a $64,000 annual income or lower rent is needed to reach affordability.

Lifestyle score: 2.9/10 (Challenging)

Lifestyle Assessment

A $45,000 salary can cover essential living costs for a single adult in Minneapolis, Minnesota, but leaves little room for savings (~9% of take-home). Lifestyle is rated challenging, with careful budgeting required to avoid month-to-month shortfalls.

Purchasing Power

Minneapolis's above-average cost of living (index: 1.17) means $45,000 provides the purchasing power of roughly $38,462 in an average-cost US city, or $45,385 in Austin. Moving to a lower-cost state could effectively increase your take-home by thousands.

State & National Benchmark

$45,000 is 11% below the Minnesota individual median of $50,400. Consider negotiating a higher salary or exploring higher-paying roles in this state.

State individual median

$50,400

-11%

State household median

$87,012

-48%

Tax reduction strategies

Maximize 401(k) Contributions — Up to $5,170 in federal tax (22% bracket)

Contribute to a Traditional IRA — Up to $1,540 in federal tax (22% bracket)

$45,000 vs. Minnesota income benchmarks

Individual median (Minnesota)

$50,400

-11% vs. this salary

Household median (Minnesota)

$87,012

-48% vs. this salary

Source: US Census Bureau ACS 2023

Related salary insights

Explore other salary levels in Minnesota

$40,000 $60,000 $100,000 $150,000 $200,000 $300,000

Reviewed by

Finance Editor

CPA, 10+ years in personal finance

Data Sources

•Tax calculations: IRS federal tax tables
•Rent data: HUD Fair Market Rents
•Cost-of-living index: C2ER / ACCRA Cost of Living Index

Data updated monthly using government datasets.