MN · Rank 7 of 50 affordable
Can teachers afford to live in Minnesota?
Yes — manageable.
The average Minnesota teacher earns $67,902 per year. A typical 2-bedroom rents for about $1,632/mo, which is 29% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$67,902
Cost-of-Living Index
96
US avg = 100
Affordability Score
54/100
Renting in Minnesota
2BR Rent / mo
$1,632
Annual Rent
$19,584
% of Salary
29%
Left after rent
$4,027/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Minnesota
Median Home Price
$403,200
10% Down
$40,320
P&I (7%, 30yr)
$2,414/mo
Full PITI
$2,901/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.