Paycheck calculator › After taxes and rent › Minneapolis

Take-home pay after taxes and rent in Minneapolis (2026)

A typical one-bedroom in Minneapolis rents for $1,405 a month (HUD FY2026 Fair Market Rent). On a $75,000 salary the take-home is $4,807 a month, which leaves $3,402 after rent — rent takes 29.2% of take-home (within the 30% guideline). To keep a one-bedroom at 30% of take-home you need to earn about $72,646 a year in Minneapolis; a two-bedroom ($1,709) needs $91,913. The calculator is in reverse mode with that target.

Your pay

Gross pay

State

Filing status

401(k) / 403(b) %

Bonus (one-off)

Pre-tax deductions & HSA

Health premiums / yr

HSA / yr

Other pre-tax / yr

Custom local rate %

Age 50+ (401k catch-up) Family HSA limit

401(k) lowers income tax but not Social Security/Medicare. Health premiums and HSA through a cafeteria plan lower both.

W-4 details (2020 or later form)

Step 2: two jobs / spouse works

Step 3: dependents credit $

Step 4a: other income / yr

Step 4b: extra deductions / yr

Step 4c: extra withholding / check

Paychecks per year (for 4c)

Tax tables

Leave blank for standard withholding. Dependents: $2,000 per qualifying child, $500 per other dependent.

Take-home pay

$4,683

take-home pay a month

from a gross of $6,054

Effective tax rate 22.6%Marginal rate 36.9%Total taxes $16,446

Federal tax 9.8%FICA 7.7%State 5.1%Take-home 77.4%

Line	Monthly	Yearly
Gross pay	$6,054	$72,646
Federal income tax	−$596	−$7,152
Taxable income $56,546 = wages $72,646 − standard deduction $16,100, through the 2026 brackets (10%/12%/22%/24%/32%/35%/37%).
Social Security (6.2%)	−$375	−$4,504
6.2% of $72,646.
Medicare (1.45%)	−$88	−$1,053
1.45% of $72,646.
Minnesota state income tax	−$285	−$3,417
Taxable $57,346 = wages $72,646 − deduction $15,300. Brackets 5.35%/6.8%/7.85%/9.85%.
MN Paid Leave	−$27	−$320
0.44% of wages up to $184,500.
Take-home pay	$4,683	$56,200

What is left after rent in Minneapolis, by salary

Salary	Take-home / mo	After studio ($1,242)	After 1-bed ($1,405)	After 2-bed ($1,709)	1-bed share
$40,000	$2,735	$1,493	$1,330	$1,026	51.4%
$50,000	$3,355	$2,113	$1,950	$1,646	41.9%
$60,000	$3,964	$2,722	$2,559	$2,255	35.4%
$70,000	$4,544	$3,302	$3,139	$2,835	30.9%
$75,000	$4,807	$3,565	$3,402	$3,098	29.2%
$80,000	$5,070	$3,828	$3,665	$3,361	27.7%
$90,000	$5,596	$4,354	$4,191	$3,887	25.1%
$100,000	$6,122	$4,880	$4,717	$4,413	23.0%
$120,000	$7,174	$5,932	$5,769	$5,465	19.6%
$150,000	$8,682	$7,440	$7,277	$6,973	16.2%

Rents are HUD Fair Market Rents for FY2026 (the 40th-percentile gross rent, utilities included, for the metro area — a modest, typical unit, not a luxury one). Take-home is for a single filer with no pre-tax deductions, 2026 tables, city tax where it applies. The 30% rule compares rent with take-home pay, not gross.

Salary needed to afford rent in Minneapolis

Unit	HUD FMR / mo	Take-home needed / mo	Salary needed / yr	Hourly (40 h)
Studio	$1,242	$4,140	—	—
One bedroom	$1,405	$4,683	$72,646	$34.93
Two bedrooms	$1,709	$5,697	$91,913	$44.19
Three bedrooms	$2,262	$7,540	—	—

Minneapolis paycheck calculator · All cities after rent

Frequently asked

How much do I need to make to live in Minneapolis?

About $72,646 a year for a one-bedroom at 30% of take-home ($91,913 for a two-bedroom), before other costs. HUD's FY2026 Fair Market Rent for a one-bedroom is $1,405.

Is $75,000 enough to live in Minneapolis?

After taxes it is $4,807 a month; a typical one-bedroom leaves $3,402 for everything else, so rent is 29.2% of take-home.

Where do the rents come from?

HUD Fair Market Rents, FY2026: the 40th-percentile gross rent (with utilities) for the metro area, published yearly and refreshed here automatically every October.