Salary Breakdown for Minneapolis
The median individual income in Minneapolis is $41,650 per year, which works out to approximately $3,471/month or $20.02/hour for full-time workers. The median household income is $65,598.
Cost of Living Adjusted Salary
Minneapolis's cost of living index is 107 (national average = 100). The median salary of $41,650 in Minneapolis has the purchasing power of approximately $38,925 at the national average cost of living. Minneapolis is roughly in line with the national average, making it a balanced option for salary vs expenses.
Top Employers in Minneapolis
- University of Minnesota
- Target
- UnitedHealth Group
Major Industries in Minneapolis
- Healthcare
- Retail
- Finance
How Minneapolis Compares to Minnesota
See the full statewide salary data, tax rates, and more details on our average salary in Minnesota page. Thinking about starting a business? Check our LLC guide for Minnesota.
Cost of Living in Minneapolis
See a detailed breakdown of housing, groceries, utilities, and more on our cost of living in Minneapolis page.
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