Can a Financial Advisor afford to live in Minneapolis?
Excellent49% of take-home left to save — you can save aggressively here.
Median salary (gross)
Financial Advisor · Minneapolis
$103,410
Income tax (~31% effective)
United States
– $31,893
Take-home pay
$5,960/mo
$71,517
Living costs (1 person)
$3,020/mo · derived
– $36,240
Savings potential
$2,940/mo · 49% of take-home
$35,277
Single professional, after-tax. Salary − tax − living costs = what you could save each year.
Full salary breakdown →Is this a good salary in Minneapolis? →Compare Minneapolis with another city →
How we calculated this
• Salary: BLS OEWS 2025 metro-area survey median for Financial Advisor, adjusted for Minneapolis.
• Tax: United States single-filer effective rate (~31%). Official calculator.
• Living costs: derived from cost-of-living index for a single professional.
Planning estimates, not financial or tax advice. Updated 2026. Your situation will differ.