A new survey by SmartAsset shows Minneapolis and St. Paul singles need to make salaries equal to an average of $90,000 annually to live comfortably.
MINNEAPOLIS — Are you a single adult living in the Twin Cities?
OK, but are you a single adult living comfortably in the Twin Cities?
Side hustles aside, a new survey by SmartAsset shows Minneapolis and St. Paul singles need to make salaries equal to an average of $90,000 annually to reach (and remain in) their respective comfort zones.
Using the 50/30/20 budget plan, the study took several factors into consideration, including the ability to afford essentials like food, housing and transportation (50% of salary), while also being able to comfortably chip away at debt and invest in the future (20%). The final 30%, according to the survey, went toward allocating funds for nonessentials like entertainment and hobbies.
On a list of 99 U.S. cities, Minneapolis and St. Paul each landed in the middle of the annual salary …