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


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.

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