How Much Rent Can I Afford on $70,000 in Minneapolis? (2026)

Earning $70,000 in Minneapolis puts you at a solid middle-income income level for this metro area. Your monthly take-home of $4,407 means you have room for both necessities and enjoyment. Under the 30% rule, your target rent is $1,750/month. With $1,672 left after rent and essentials, you have substantial breathing room. Keep in mind that Minneapolis's 6.8% state income tax will reduce your take-home pay compared to no-tax states like Texas or Florida. Minneapolis is the Midwest's best-kept secret—craft breweries, world-class theaters, and a lakes-and-bikes culture that thrives despite (or because of) the legendary winters. At this salary, you can choose from a wide range of 1-bedroom apartments in good areas. For savings, consistent saving and investing become realistic at this level.

Minneapolis is a thriving Midwestern city with a Fortune 500 density that rivals any metro in America. Target, UnitedHealth, General Mills, and US Bancorp are headquartered here, offering strong careers alongside surprisingly affordable living.