Is Powderhorn Expensive?

Minneapolis, United States

-18% vs Minneapolis avg

Living in Powderhorn, Minneapolis

Powderhorn is one of the most affordable neighborhoods in Minneapolis, with a cost of living index of 50.3 — that is -18% compared to the Minneapolis average. Ranked #27 of 30, it offers some of the lowest costs in the city. Estimated rent for a one-bedroom apartment here is around $1,271/month, compared to a range of $1,116 in Brooklyn Park to $2,015 in Kenwood.

Monthly Budget Breakdown

For a typical resident of Powderhorn, housing takes up roughly 37% 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 $50,840 before tax.

Typical Salaries in Powderhorn

Salaries in Powderhorn reflect the local cost of living. Based on the neighborhood COLI of 50.3:

After tax and deductions of 26.9% in United States, take-home pay for someone earning $50,840 would be roughly $37,164/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

50.3
COLI Index
0.82x
vs City Avg
$1,271
Est. 1BR Rent
#27
of 30 Areas
26.9%
Total Deductions

Tax & Deductions in Powderhorn

Estimated annual deductions on a $37,725 salary in Powderhorn, Minneapolis (local employee).

Income Tax
11%
Social Security + Medicare (FICA)
7.6%
State Income Tax (MN)
7.85%
Total Deductions: 26.9%
Est. Take-Home: $27,583/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Powderhorn would need to be elsewhere:

City Currency Equivalent
New York USD $37,725
London GBP £32,466
Dubai AED AED 188,768

Other Neighborhoods in Minneapolis

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%

View all 30 neighborhoods in Minneapolis →

Convert Your Salary

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Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Powderhorn:

Brandon, Tampa Hendersonville, Nashville Tsurumi, Osaka Lents, Portland Moosach, Munich Milbertshofen, Munich

Frequently Asked Questions

Is Powderhorn expensive in Minneapolis?

Powderhorn is one of the more affordable neighborhoods in Minneapolis. It costs about -18% less than the city average, ranking #27 out of 30 neighborhoods.

How does Powderhorn compare to the Minneapolis average?

The cost of living in Powderhorn is below the Minneapolis average. With a multiplier of 0.82x, everyday expenses including rent, food, and transportation are -18% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include U.S. Bureau of Labor Statistics · U.S. Census Bureau · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.