Cost of Living in Minneapolis
Median income in Minneapolis is $57,000/year ($4,750/month). Here is how to budget every dollar.
Average Rent in Minneapolis
$1,100
Studio
$1,400
1 Bedroom
$1,750
2 Bedrooms
Monthly Budget Breakdown: $4,750/month
How to allocate the median Minneapolis income of $57,000/year after taxes.
Housing
$1,400
Food & Groceries
$475
Transportation
$250
Utilities
$200
Healthcare
$240
Entertainment
$285
Personal & Other
$240
Savings
$1,660
Total
$4,750
Build Your Custom Budget
Adjust the sliders to see how your money breaks down. When you're happy, save it to EyeCash — free.
No credit card required. Free plan forever.
Affordable Neighborhoods in Minneapolis
Northeast Minneapolis (NordEast) has an arts scene with moderate rents
South Minneapolis (Powderhorn, Longfellow) offers affordable urban living
St. Paul generally has lower rents than Minneapolis with equal amenities
Money-Saving Tips for Minneapolis
Metro Transit monthly pass ($104) covers buses and light rail across the Twin Cities
Budget extra for winter heating — natural gas bills spike November through March
Shop at Aldi, Cub Foods, and the Midtown Global Market for affordable groceries
Budget Smarter in Minneapolis
EyeCash automatically tracks your spending in Minneapolis and shows exactly where your money goes. No spreadsheets needed.
Start Your Budget Free →