None of the Minneapolis area's 10 most common jobs can buy a home in the city of Minneapolis
The typical house costs $352,842. At today's 7.32% mortgage rate, buying it takes $106,521 a year.
ESTIMATEHome price and rent for the city of Minneapolis, and jobs and tax for the Minneapolis area. How the estimate works
THE MINNEAPOLIS AREA'S 10 MOST COMMON JOBS, BY MEDIAN PAY
MEDIAN PAY
Rent apt $70K
Rent house $98K
Buy $107K
You
Enter your pay above to add your row
General and operations managers
$103,570Rent a house
Registered nurses
$103,040Rent a house
Customer service representatives
$49,480Rent over 30%
Office clerks, general
$48,790Rent over 30%
Laborers and freight, stock, and material movers, hand
$47,320Rent over 30%
Miscellaneous assemblers and fabricators
$47,200Rent over 30%
Home health and personal care aides
$38,860Rent over 30%
Retail salespersons
$36,670Rent over 30%
Cashiers
$35,760Rent over 30%
Fast food and counter workers
$33,040Rent over 30%
Each line is the yearly pay where that home fits the rule: rent at 30% of pay or less, and the mortgage, tax, insurance, and HOA at 28% of pay or less.