Is $300,000 a good salary in Minneapolis in 2026?

Yes — Minneapolis is comfortable at this salary. This is well above a typical comfortable single-earner budget after local prices.

What is take-home pay on $300,000 in Minneapolis?

A single W-2 filer keeps about $192,829 a year, or $16,069 a month (64.3% of gross).

Typical 1-bedroom rent is $1,500/month. The 30% rule implies about $60,000 of gross income. Comfortable single-earner budget: $94,000.

High

Yes — Minneapolis is comfortable at this salary. After federal, FICA, Minnesota tax, and any local wage tax, take-home is about $192,829.

This is well above a typical comfortable single-earner budget after local prices.

2026 paycheck inputs

Gross pay

Match the frequency below. Hourly is hours per week × 52. Dollar signs and commas are fine.

Frequency

Hours / week

State

City (optional local tax)

Filing status

Employment

Traditional 401(k) / year

Local tax override %

Take-home

$192,829

$16,069 a month · 64.3% of gross after tax

Minnesota has one of the more progressive state taxes. Annual liability estimate for tax year 2026, not a W-4 withholding forecast.