Can a Petroleum Engineer afford to live in Minneapolis?
Excellent60% of take-home left to save — you can save aggressively here.
Median salary (gross)
Petroleum Engineer · Minneapolis
$138,501
Income tax (~34% effective)
United States
– $47,340
Take-home pay
$7,597/mo
$91,161
Living costs (1 person)
$3,020/mo · derived
– $36,240
Savings potential
$4,577/mo · 60% of take-home
$54,921
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 Petroleum Engineer, adjusted for Minneapolis.
• Tax: United States single-filer effective rate (~34%). 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.