Paycheck calculator › After taxes and rent › Minneapolis › $60,000
$60,000 after taxes and rent in Minneapolis (2026)
A $60,000 salary in Minneapolis takes home $3,964 a month after federal tax, FICA, Minnesota state tax. A typical one-bedroom costs $1,405 (HUD FY2026), leaving $2,559 a month for everything else — rent is 35.4% of take-home, above the 30% guideline. A studio leaves $2,722; a two-bedroom $2,255.
Your pay
Take-home pay
$3,964
take-home pay a month
from a gross of $5,000
Effective tax rate 20.7%Marginal rate 26.9%Total taxes $12,431
Federal tax 8.4%FICA 7.6%State 4.7%Take-home 79.3%
I want to take home
$
Net pay on my pay stub
$
| Line | A | B | Difference |
|---|
| Line | Monthly | Yearly |
|---|---|---|
| Gross pay | $5,000 | $60,000 |
| Federal income tax | −$418 | −$5,020 |
| Taxable income $43,900 = wages $60,000 − standard deduction $16,100, through the 2026 brackets (10%/12%/22%/24%/32%/35%/37%). | ||
| Social Security (6.2%) | −$310 | −$3,720 |
| 6.2% of $60,000. | ||
| Medicare (1.45%) | −$72 | −$870 |
| 1.45% of $60,000. | ||
| Minnesota state income tax | −$213 | −$2,557 |
| Taxable $44,700 = wages $60,000 − deduction $15,300. Brackets 5.35%/6.8%/7.85%/9.85%. | ||
| MN Paid Leave | −$22 | −$264 |
| 0.44% of wages up to $184,500. | ||
| Take-home pay | $3,964 | $47,569 |
take-home pay a month$3,964
$60,000 in Minneapolis: monthly budget after rent
| Unit | HUD FMR | Left after rent / mo | Rent share of take-home |
|---|---|---|---|
| Studio | $1,242 | $2,722 | 31.3% |
| One bedroom | $1,405 | $2,559 | 35.4% |
| Two bedrooms | $1,709 | $2,255 | 43.1% |
| Three bedrooms | $2,262 | $1,702 | 57.1% |
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.