Updated:
Original:

How much should a modern family make to make it in Minnesota?

Author:

How much does a two-parent, two-child family in the Twin Cities need to secure a decent living? KMSP reports that a Washington think tank, the Economic Policy Institute, puts the number at $73,526 a year.

The EPI's Family Budget Calculator estimates the costs of housing, food, child care, transportation, health care and taxes that vary by community.

BringMeTheNews played around with the EPI Family Budget Calculator to find the income number required in other communities in the region. We found that the Twin Cities area is the most expensive. The amount needed for a "decent" living in other cities:

Rochester: $70,803
Duluth: $68,706
LaCrosse, Wis.: $68,210
Fargo, N.D.: $67,071
Rural Minnesota: $65,217

Nationally, the EPI finds the lowest basic family budget is needed in Marshall County, Miss. ($48,144) and the highest is in New York City. ($93,502). The U.S. median amount is found in Newagyco County, Mich., where Grand Rapids is located ($62,238).

Here's how the Twin Cities compare to a few other major cities:

Philadelphia: $77,293
Twin Cities: $73,526
Milwaukee: $73,329
Seattle: $70,025
Chicago: $69,028
Detroit: $66,896

A spokesman for Minnesotans for a Fair Economy said annual salary for a worker with a full-time, year-round minimum-wage job totals $15,080.

The official U.S. poverty threshold for a two-parent, two-child family stood at $23,283 in 2012.

Next Up

sidecar drink

Sidecar — Town Hall's new cocktail lounge — is officially open in Minneapolis

It's the fifth Town Hall location, but the first to focus on cocktails.

Screen Shot 2019-07-18 at 9.10.30 AM

Here's where DFLers stand on Minneapolis' public safety ballot question

The question would create a Department of Public Safety and remove some requirements.

Arthur Kollie

Man pleads guilty to brutal murder of 14-year-old girl in Fargo

The 14-year-old girl was the victim of a random attack outside a Fargo strip mall.

Minneapolis Mayoral Candidates 2021 - jacob frey sheila nezhad kate knuth

Here's who has endorsed the frontrunners for Minneapolis mayor

Politicians and community groups are voicing their opinions.

covid

Minnesota's COVID-19 update for Tuesday, October 26

The latest data for the pandemic in Minnesota.

target

Target touts new app, ordering features ahead of holidays

Here's how the retailer plans on making things "easy" for customers.

shower

Someone keeps trying to film showering women at U of M

The university has received three reports in the past two weeks.

Anya Magnuson

Woman in critical condition after driver hit her in Minneapolis

She's been unresponsive, but recently gave a thumbs up to her family.

crime scene tape - police tape

Suspect in fatal hit-and-run of Blaine dog walker arrested

The woman was airlifted and died at the hospital.

Related