Can a Financial Planner (CFP) afford to live in Minneapolis?
Excellent44% of take-home left to save — you can save aggressively here.
Median salary (gross)
Financial Planner (CFP) · Minneapolis
$92,633
Income tax (~30% effective)
United States
– $27,570
Take-home pay
$5,422/mo
$65,063
Living costs (1 person)
$3,020/mo · derived
– $36,240
Savings potential
$2,402/mo · 44% of take-home
$28,823
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 OES median for Financial Planner (CFP), adjusted for Minneapolis.
• Tax: United States single-filer effective rate (~30%). 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.