Can I Afford to Live in Minnesota?
Minnesota - Fortune 500 headquarters, excellent schools, and strong community culture. See median rent, home values, and the most affordable ZIP codes below.
Find ZIP Codes You Can Afford in Minnesota
Enter your salary to see neighborhoods in your budget.
🏠 To Buy in Minnesota
With median home value of $275,000, you'd typically need an income of at least $68,750/year and a down payment of $27,500 (10%).
🏘️ To Rent in Minnesota
With median rent of $1,050/month, you should earn at least $38K/year (30% rent-to-income rule). This is below the US median of $1,163/mo.
💰 Median Income
Minnesota residents earn a median household income of $77,720/year. Rent takes approximately 16% of median income.
Most Affordable ZIP Codes in Minnesota
Ranked by lowest median rent, minimum population 3,000+
Top-Rated Neighborhoods in Minnesota
Highest ZipScore - best combination of safety, schools, and quality of life
FAQs: Living in Minnesota
What salary do I need to live comfortably in Minnesota?
To live comfortably in Minnesota, you'd want to earn at least $37,800/year to rent at the median price without being cost-burdened (spending more than 30% of income on housing). To buy at the median home price of $275,000, aim for a salary of $68,750+.
Is Minnesota expensive to live in?
Minnesota has a median rent of $1,050/month, which is below the US national median of $1,163. Cost varies significantly by city and neighborhood - the table above shows the most affordable ZIP codes in Minnesota.
What is the most affordable city in Minnesota?
The most affordable ZIP codes in Minnesota are ranked in the table above by median rent. Smaller cities and suburbs typically offer significantly lower costs than the major metro areas. Click any ZIP code to see its full neighborhood profile.