Metro Compensation & Living Profile

Salaries & Cost of Living in Minneapolis-St. Paul, Minnesota

Boasts the highest Fortune 500 concentration per capita (Target, Best Buy, 3M, UnitedHealth) and top-tier public school systems. Discover salary benchmarks, wage percentiles, state income tax deductions, and housing costs across 20+ high-demand professions in Minneapolis-St. Paul.

Cost of Living Index
108
8% above US avg
State Income Tax
6.8%
Statutory Tax Burden
Median 1-Bed Rent
$1,450
per month
Wage Multiplier
+10%
vs. national baseline

Minneapolis-St. Paul Cost of Living by Expense Category

Normalized cost index (100 = U.S. National Average).

Housing & Rent
115
+15% vs US avg
Groceries & Food
102
+2% vs US avg
Utilities & Energy
98
-2% vs US avg
Transportation
112
+12% vs US avg
Healthcare
102
+2% vs US avg

Key City Advantages & Living Factors

Climate: Continental (Cold winters, warm summers)
Highest Fortune 500 Density per CapitaMedical Device CapitalPremier Parks & Quality of Life

Role Salaries in Minneapolis-St. Paul

Explore 10th to 90th percentile salary benchmarks and estimated monthly take-home pay in Minneapolis-St. Paul.

Job TitleCategoryMedian Base PayEst. Net Take-HomeView Guide
Senior Product ManagerProduct$203,500/yr~$12,583/moView
Senior Software EngineerEngineering$192,500/yr~$11,903/moView
Product ManagerProduct$156,200/yr~$9,658/moView
DevOps & Cloud EngineerEngineering$154,000/yr~$9,522/moView
Data ScientistData$151,800/yr~$9,386/moView
Backend EngineerEngineering$148,500/yr~$9,182/moView
Software EngineerEngineering$145,200/yr~$8,978/moView
Frontend EngineerEngineering$136,400/yr~$8,434/moView
Product DesignerDesign$134,200/yr~$8,298/moView
Growth MarketerMarketing$126,500/yr~$7,822/moView
UX / UI DesignerDesign$123,200/yr~$7,618/moView
Marketing ManagerMarketing$118,800/yr~$7,346/moView
Account Executive (SaaS)Sales$115,500/yr~$7,142/moView
QA & Test Automation EngineerEngineering$112,200/yr~$6,938/moView
Financial AnalystFinance$105,600/yr~$6,530/moView
Technical RecruiterHuman Resources$103,400/yr~$6,394/moView
Data AnalystData$101,200/yr~$6,258/moView
Customer Success ManagerCustomer Support$97,900/yr~$6,054/moView
SEO SpecialistMarketing$93,500/yr~$6,171/moView

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Find Housing in Minneapolis-St. Paul

Explore apartments and rental homes in Minneapolis-St. Paul with local rent trends and neighborhood safety scores.

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Frequently Asked Questions: Living & Working in Minneapolis-St. Paul

What is considered a good salary in Minneapolis-St. Paul?

In Minneapolis-St. Paul, an annual salary between $90,000 and $140,000 is generally considered very comfortable for a single professional, easily covering median 1-bedroom rental costs ($1,450/mo) while allowing significant savings.

How do salaries in Minneapolis-St. Paul compare to the U.S. national average?

On average, compensation in Minneapolis-St. Paul is 10% above the U.S. national baseline across technology, product, and engineering roles.

What are state income taxes in Minneapolis-St. Paul (MN)?

The estimated statutory state and local income tax rate in Minneapolis-St. Paul is approximately 6.8%.

What is the average rent in Minneapolis-St. Paul?

The median rent for a 1-bedroom apartment in Minneapolis-St. Paul, Minnesota is currently around $1,450 per month.

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