2026 · Single · Minnesota

Is $60k a Good Salary in Minnesota?

A $60k annual salary in Minnesota takes home $3,989/month after federal tax, FICA, and Minnesota state income tax. With average 1BR rent at $1,250/month, you're left with $2,739/month for everything else.

Verdict
Manageable

A $60,000 salary is workable in Minnesota but doesn't leave a lot of slack. You can cover essentials and save a little, but unexpected expenses or lifestyle upgrades will require careful budgeting.

Monthly Take-Home
$3,989
Avg 1BR Rent (Minneapolis)
$1,250
After Rent
$2,739
Rent % of Take-Home
31%

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Verdict —
—monthly take-home
—after rent ($1,250/mo)
—net hourly

Federal Income Tax—
FICA (SS + Medicare)—
Minnesota State Tax—
Net Annual—
See full after-tax breakdown for Minnesota →

$60k Salary After Tax in Minnesota

ItemAmount
Gross Annual$60,000
Federal Income Tax−$5,020
FICA (SS + Medicare)−$4,590
Minnesota State Income Tax−$2,526
Net Annual Take-Home$47,864
Net Monthly$3,989
Net Hourly$23/hr
Effective Tax Rate20.2%

Sample Monthly Budget — $60k in Minnesota

Here's how a $60k take-home of $3,989/month might realistically break down in Minnesota:

CategoryMonthly% of Take-Home
🏠 Rent (1BR) $1,250 31%
🛒 Food & Groceries $479 12%
🚗 Transport $399 10%
💡 Utilities $188 5%
🎯 Other / Discretionary $300 8%
💰 Savings (estimated) $1,373 34%

Note: Budget estimates are illustrative. Actual costs vary by city, lifestyle, and household size.

Cost of Living in Minnesota

Overall COL Medium
  • Average 1BR rent in Minneapolis: $1,250/month
  • Rent as % of your take-home: 31% (borderline)
  • Minimum comfortable annual net for Minnesota: $42,000
  • Your net annual take-home: $47,864
See the exact breakdown for your hours & filing status

Adjust for married filing, overtime, or part-time hours.

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Is $60k Good in Other States?

Alabama
$3,965/mo net
Rent ~$900/mo
$3,065/mo after rent
Low COL
Alaska
$4,199/mo net
Rent ~$1,300/mo
$2,899/mo after rent
High COL
Arizona
$4,108/mo net
Rent ~$1,350/mo
$2,758/mo after rent
Medium COL
Arkansas
$4,000/mo net
Rent ~$800/mo
$3,200/mo after rent
Low COL
California
$4,044/mo net
Rent ~$2,100/mo
$1,944/mo after rent
High COL
Colorado
$4,038/mo net
Rent ~$1,700/mo
$2,338/mo after rent
High COL

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→ See $60k take-home ranked across all 50 states