How much is $60K after tax in Minnesota?

Roughly $46,057/year, or about $3,838/month after federal and state tax.

What's the average rent in Minnesota?

Around $1,300/month for a 1-bedroom and $1,600 for a 2-bedroom on average, with big-city neighborhoods running noticeably higher.

What percentile is this income?

Approximately the 32th percentile of Minnesota households, based on the local median of $84,000.

Is $60K a Good Salary in Minnesota? 2026 Take-Home Pay & Cost of Living

Q: Is $60K a good salary in Minnesota?

In Minnesota, a gross income of about $60,000 sits at roughly the 32th percentile — entry-level. That's 29% below the local household median of $84,000. After estimated federal + state tax, take-home is about $46,057/year ($3,838/month).

Comfortable~32th percentile · Entry-Level

Quick answer

Yes — $60K is a comfortable salary in Minnesota, leaving real room for savings and lifestyle.

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Take-home pay breakdown

Gross / year

$60,000

Net / year

$46,057

Net / month

$3,838

Effective tax

23.2%

Where your paycheck actually goes

Approximate split of $60,000 gross — federal, state/provincial, social, and what lands in your account.

Federal income tax

$6,374

11%

State income tax

$4,137

Social contributions

$3,432

Take-home (net)

$46,057

77%

What this means in real life

At $60K/year in Minnesota, a single adult typically clears about $3,838/month after tax. Rent on a 1-bedroom averages $1,300, leaving roughly $2,538 for everything else. That's enough for steady savings, occasional travel, and lifestyle extras — especially outside Minneapolis.

Lifestyle verdict

Comfortable lifestyle

Comfortable for a single adult or couple across most of Minnesota, with steady saving and lifestyle extras. A family is doable, especially outside Minneapolis.

How it stacks up in Minnesota

Local median household$84,000

This salary$60,000

1.5× median$126,000

Roughly the 32th percentile of Minnesota households. Entry-Level.

Who can comfortably live on this?

Same take-home pay, three very different realities.

Single adult

Comfortable

One income, one rent.

Budget: $3,100/mo

Leftover: $738/mo

Couple, no kids

Stretched

Shared rent, two earners possible.

Budget: $4,316/mo

Short: $478/mo

Family (2 adults + kids)

Stretched

Bigger apartment, childcare, more food.

Budget: $5,326/mo

Short: $1,488/mo

Monthly budget for a single adult in Minnesota

Comfortable: about 738/month surplus, enough for steady savings, occasional travel, and modest extras.

Housing (rent + insurance)

$1,300

42%

Transportation

$451

15%

Groceries

$395

13%

Utilities & internet

$183

Healthcare

$301

10%

Entertainment & dining

$207

Misc & personal

$263

Total

$3,100

Surplus / month

$738

Savings potential

With a typical single-adult budget, you could put away roughly $8,857/year — about 19% of take-home pay. Cheaper housing or living outside Minneapolis can lift this significantly.

Savings rate19%

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Manageable

Gross salary / year

Rent / month

Other expenses / month

Household

Net / month

$3,838

Leftover / month

$738

Rent share

34%

Tip: housing experts suggest keeping rent under 30% of take-home pay. You're at 34%.

Rent share of take-home

Average rent in Minnesota: $1,300 (1BR) · $1,600 (2BR).

1BR rent vs net monthly34%

2BR rent vs net monthly42%

Try a different salary in Minnesota

← $50K in Minnesota $70K in Minnesota →

Compare with neighboring states

Common questions

These estimates are approximate and may vary by city, taxes, rent, family size, and personal spending. Use them as a starting point, not a substitute for personalised financial or tax advice.

Last updated: 2026. Estimates use simplified federal + state tax models and median rent figures.