Can a Product Manager afford to live in Minneapolis?

Excellent67% of take-home left to save โ€” you can save aggressively here.
Median salary (gross)
Product Manager ยท Minneapolis
$174,510
Income tax (~37% effective)
United States
โ€“ $64,675
Take-home pay
$9,153/mo
$109,835
Living costs (1 person)
$3,020/mo ยท derived
โ€“ $36,240
Savings potential
$6,133/mo ยท 67% of take-home
$73,595

Single professional, after-tax. Salary โˆ’ tax โˆ’ living costs = what you could save each year.

How we calculated this

โ€ข Salary: BLS OEWS 2025 metro-area survey median for Product Manager, adjusted for Minneapolis.

โ€ข Tax: United States single-filer effective rate (~37%). Official calculator.

โ€ข 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.