Minneapolis, United States
-25% vs Minneapolis avgPhillips is one of the most affordable neighborhoods in Minneapolis, with a cost of living index of 46.0 — that is -25% compared to the Minneapolis average. Ranked #29 of 30, it offers some of the lowest costs in the city. Estimated rent for a one-bedroom apartment here is around $1,162/month, compared to a range of $1,116 in Brooklyn Park to $2,015 in Kenwood.
For a typical resident of Phillips, housing takes up roughly 34% 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 $46,500 before tax.
Salaries in Phillips reflect the local cost of living. Based on the neighborhood COLI of 46.0:
After tax and deductions of 26.8% in United States, take-home pay for someone earning $46,500 would be roughly $34,038/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a $34,500 salary in Phillips, Minneapolis (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Phillips would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $34,500 |
| London | GBP | £29,690 |
| Dubai | AED | AED 172,631 |
| Neighborhood | COLI | Multiplier | vs Avg |
|---|---|---|---|
| Kenwood | 79.8 | 1.30x | +30% |
| Edina | 78.6 | 1.28x | +28% |
| North Loop | 76.8 | 1.25x | +25% |
| Linden Hills | 74.9 | 1.22x | +22% |
| Lowry Hill | 73.7 | 1.20x | +20% |
See exactly what you need to earn in Phillips, Minneapolis to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Phillips:
Phillips is one of the more affordable neighborhoods in Minneapolis. It costs about -25% less than the city average, ranking #29 out of 30 neighborhoods.
The cost of living in Phillips is well below the Minneapolis average. With a multiplier of 0.75x, everyday expenses including rent, food, and transportation are -25% compared to the city baseline.