Can a Tax Specialist afford to live in Minneapolis?
Comfortable20% of take-home left to save — solid margin to save and invest.
Median salary (gross)
Tax Specialist · Minneapolis
$60,650
Income tax (~26% effective)
United States
– $15,519
Take-home pay
$3,761/mo
$45,131
Living costs (1 person)
$3,020/mo · derived
– $36,240
Savings potential
$741/mo · 20% of take-home
$8,891
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 Tax Specialist, adjusted for Minneapolis.
• Tax: United States single-filer effective rate (~26%). 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.