Can a Mortgage Banker afford to live in Minneapolis?
Excellent35% of take-home left to save — you can save aggressively here.
Median salary (gross)
Mortgage Banker · Minneapolis
$77,313
Income tax (~28% effective)
United States
– $21,499
Take-home pay
$4,651/mo
$55,814
Living costs (1 person)
$3,020/mo · derived
– $36,240
Savings potential
$1,631/mo · 35% of take-home
$19,574
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 Mortgage Banker, adjusted for Minneapolis.
• Tax: United States single-filer effective rate (~28%). 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.