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Old 06-09-2019, 11:00 AM
 
97 posts, read 189,585 times
Reputation: 50

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Hi everyone

What do you consider a good salary for Minneapolis?

I can read statistics of course, but I want to know your opinion.

At what number (and up) good salary in Minneapolis begins?

Last edited by VeryBrownBear; 06-09-2019 at 11:01 AM.. Reason: Grammar
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Old 06-09-2019, 11:26 AM
 
701 posts, read 1,708,119 times
Reputation: 793
Too many variables to answer this question. Some people will say $50,000 and some will says a millilon--depends on your lifestyle, family size, and priorities. Same goes for any city.
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Old 06-09-2019, 02:11 PM
 
128 posts, read 113,384 times
Reputation: 342
And here's the number one variable....


What type of job/profession?


If you're working at a convenience store...$25 is a great salary...if you're a CEO of a company...its probably not.


Gotta know what type of job or profession you're talking about first!
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Old 06-09-2019, 02:53 PM
 
Location: St Paul, MN
588 posts, read 561,940 times
Reputation: 1390
Quote:
Originally Posted by VeryBrownBear View Post
Hi everyone

What do you consider a good salary for Minneapolis?

I can read statistics of course, but I want to know your opinion.

At what number (and up) good salary in Minneapolis begins?

Third time’s the charm....

OP, your question was answered when you posted it in 2017 and then again just this past November.

//www.city-data.com/forum/minne...l#post47003883

//www.city-data.com/forum/minne...l#post53661205
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Old 06-11-2019, 12:12 PM
 
413 posts, read 323,277 times
Reputation: 637
Quote:
Originally Posted by MsBall View Post
Third time’s the charm....

OP, your question was answered when you posted it in 2017 and then again just this past November.

//www.city-data.com/forum/minne...l#post47003883

//www.city-data.com/forum/minne...l#post53661205
Exactly. We'll never hear from the OP again. But I bet s(he) knows BarneytheBanker.
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Old 06-17-2019, 08:59 AM
 
Location: 78745
4,502 posts, read 4,607,884 times
Reputation: 8006
Quote:
Originally Posted by VeryBrownBear View Post
Hi everyone

What do you consider a good salary for Minneapolis?

I can read statistics of course, but I want to know your opinion.

At what number (and up) good salary in Minneapolis begins?
I was able to survive in Austin, Texas on less than $50,000 a year before taxes. I am guessing Austin and MSP have a similar cost of living. I don't live in Minnesota, and never have, but if you live a very modest lifestyle, one person should be able to survive on $50,000 a year before taxes.

Don't develop expensive taste. A roomate(s) would make surviving easier, but if you don't want roommate(s), save money in ways like buy or rent a mobile home instead of a house, get a bicycle or take public transportation instead of buying a car. If you must have a car, buy a used car instead of a new car. Take your lunch to work instead of eating at the workplace cafeteria. Don't buy expensive clothing, shop at places like Goodwill and WalMart instead of Macy's and Neiman Marcus. Don't waste your money on bad habits. Find friends who like to hang out at the house instead of friends who like to hang out in bars. On your time off, develop hobbies that don't cost alot of money to do. Take up jogging or bowling or basketball instead of golf. One person should be able to survive on $50,000 a year, but it really just depends on your lifestyle.

If you are married or live with somebody, and you and your partner each has a $50,000 a year job, you should be able to live a fairly comfortable middle class style in most cities in the Midwest or the South, and have a nice middleclass house and drive a nice late model vehicle.
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Old 06-17-2019, 09:22 AM
 
Location: Minneapolis, MN
10,244 posts, read 16,364,120 times
Reputation: 5308
Quote:
Originally Posted by Ivory Lee Spurlock View Post
I was able to survive in Austin, Texas on less than $50,000 a year before taxes. I am guessing Austin and MSP have a similar cost of living. I don't live in Minnesota, and never have, but if you live a very modest lifestyle, one person should be able to survive on $50,000 a year before taxes.

Don't develop expensive taste. A roomate(s) would make surviving easier, but if you don't want roommate(s), save money in ways like buy or rent a mobile home instead of a house, get a bicycle or take public transportation instead of buying a car. If you must have a car, buy a used car instead of a new car. Take your lunch to work instead of eating at the workplace cafeteria. Don't buy expensive clothing, shop at places like Goodwill and WalMart instead of Macy's and Neiman Marcus. Don't waste your money on bad habits. Find friends who like to hang out at the house instead of friends who like to hang out in bars. On your time off, develop hobbies that don't cost alot of money to do. Take up jogging or bowling or basketball instead of golf. One person should be able to survive on $50,000 a year, but it really just depends on your lifestyle.

If you are married or live with somebody, and you and your partner each has a $50,000 a year job, you should be able to live a fairly comfortable middle class style in most cities in the Midwest or the South, and have a nice middleclass house and drive a nice late model vehicle.
Housing prices have jumped up here in the last 5 years. If you’re frugal you can get by fine at 40-50k/year but I wouldn’t consider that ‘good pay’ for living in the metro area. Of course a lot depends on the profession as good teacher pay is significantly less than good engineer pay, etc.

Generically speaking for a single professional who will be renting here and living close to the city I would say anything north of 60k should provide comfortable living given some common sense and fiscal responsibility.
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