WhereCanIAfford › Minneapolis, MN › On $125,000

Is Minneapolis, MN affordable on a $125,000 salary?

YES On $125,000/yr, the typical $388,865 home in Minneapolis, MN needs $119,424/yr ($2,787/mo). Your gap: +$5,576 — housing would be 26.8% of your gross income.

The math

388,865 price − 10% down (38,887) = 349,978 loan
30-yr fixed at 6.95% on 349,978 = 2,317/mo principal+interest
+ 470/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
2,787/mo PITI ÷ 0.28 = 9,952/mo → 119,424/yr required

against Zillow ZHVI 2026-08 and the 6.95% FRED 30-yr rate (2026-09-17).

What salary WOULD clear Minneapolis, MN?

You need about $119,424/yr for the typical home. On $125,000 you already clear it by $5,576.

On $100,000? On $150,000? On $175,000?

See the full Minneapolis, MN affordability breakdown → or every metro you can afford on $125,000 →