SalaryScopePro

Purchasing Power

Real Spending Power in Minneapolis, MN

Salary alone isn't enough. See what Minneapolis actually buys after tax and cost of living.

After tax

$70,659

Eff 29.3%

Real buying power

$67,294

Adj. for COL 105

Monthly take-home

$5,888

Purchasing Power

62/100

Moderate

62

Moderate for Minneapolis at this salary

Affordability

30/100

Weak

30

COL + rent composite

How we calculate this

  1. Apply the current federal + state/provincial brackets to your gross.
  2. Subtract payroll taxes (FICA/Medicare or CPP/EI).
  3. Divide net income by the city's cost-of-living index (105).
  4. Score on our 0–100 SalaryScope scale.