Minneapolis, MN
The rest of the month in Minneapolis
$3,323 in modelled household costs, against $6,087 take-home. Leftover is $2,764.
Where the money goes
- Taxes$2,200
- Rent$1,369
- Other living costs$1,954
- Left over$2,764
Pay and tax, per year
- Gross household pay
- $99,438
- Federal income tax
- −$13,490
- Social Security and Medicare
- −$7,607
- State income tax (MN)
- −$5,298
- Take-home pay
- $73,042
- Effective tax rate
- 26.5%
Living costs, per month
- Rent, 1br
- $1,369
- Groceries
- $400
- Getting around
- $504
- Healthcare
- $450
- Utilities and internet
- $250
- Everything else
- $350
- Total spending
- $3,323
Left over each month
$8,287 gross, minus $2,200 in tax and $3,323 in living costs.
$2,764
Power bill, separately
EIA 2024 residential electricity in MN averages a $133 monthly bill at 900 kWh. The utilities line above already includes power, gas and water as a household bundle — this is the state rate as a cross-check, not an extra cost.
Non-housing lines start from BLS-order-of-magnitude national spending, then scale by this metro's cost index and your household size. Electricity rates are EIA state averages. Not a budget, not advice.