Minneapolis, United States
+25% vs Minneapolis avgNorth Loop is the most expensive area in Minneapolis, with a cost of living index of 76.8 — that is +25% compared to the Minneapolis average. Only the top 3 of 30 neighborhoods cost more. Estimated rent for a one-bedroom apartment here is around $1,938/month, compared to a range of $1,116 in Brooklyn Park to $2,015 in Kenwood.
For a typical resident of North Loop, housing takes up roughly 55% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $77,500 before tax.
Salaries in North Loop reflect the local cost of living. Based on the neighborhood COLI of 76.8:
After tax and deductions of 28.9% in United States, take-home pay for someone earning $77,500 would be roughly $55,103/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a $57,600 salary in North Loop, Minneapolis (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in North Loop would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $57,600 |
| London | GBP | £49,570 |
| Dubai | AED | AED 288,218 |
| Neighborhood | COLI | Multiplier | vs Avg |
|---|---|---|---|
| Kenwood | 79.8 | 1.30x | +30% |
| Edina | 78.6 | 1.28x | +28% |
| Linden Hills | 74.9 | 1.22x | +22% |
| Lowry Hill | 73.7 | 1.20x | +20% |
| Downtown Minneapolis | 72.5 | 1.18x | +18% |
See exactly what you need to earn in North Loop, Minneapolis to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to North Loop:
Yes, North Loop is one of the more expensive neighborhoods in Minneapolis. It costs about +25% more than the city average, ranking #3 out of 30 neighborhoods.
The cost of living in North Loop is significantly above the Minneapolis average. With a multiplier of 1.25x, everyday expenses including rent, food, and transportation are +25% compared to the city baseline.