The minimum wage in Minneapolis is $15.57/hour in 2026. See how it compares to the MIT living wage of $22.00/hour and local cost of living.
Last updated: May 2026 · Data: MIT Living Wage Calculator, C2ER, U.S. Census, BLS, IRS, state and city sources
Calculate annual, monthly, and weekly income at any hourly wage in Minneapolis.
The minimum wage in Minneapolis is the City of Minneapolis minimum of $15.57/hour. Minneapolis sets its own local minimum wage of $15.57/hour for large employers, above the Minnesota statewide rate, and adjusts it each January for inflation. The bigger question for most workers is how that compares to what it actually costs to live in Minneapolis. With average 1-bedroom rent near $1,350/month and a cost-of-living index of 106 (US average = 100), the gap between the minimum wage and a true living wage is significant.
| Benchmark (Minneapolis, 2026) | Hourly | Annual (full-time) |
|---|---|---|
| Applicable minimum wage | $15.57 | $32,386 |
| MIT living wage (single adult) | $22.00 | $45,760 |
| MIT living wage (family of four, one earner) | $44.50 | $92,560 |
| Federal minimum wage | $7.25 | $15,080 |
| Average rent (1-bedroom, annual) | - | $16,200 |
Living wage figures: MIT Living Wage Calculator for Hennepin County. Minimum wage reflects the rate applicable to most private employers in Minneapolis.
Minneapolis is the largest city in Minnesota and the core of the Twin Cities, home to a deep roster of Fortune 500 headquarters (including Target and U.S. Bancorp), major healthcare and medical-device employers, finance, milling and food heritage, and a strong arts scene.
| Local Metric | Minneapolis (2026 estimate) |
|---|---|
| Metro population | 430,000 |
| County / jurisdiction | Hennepin County |
| Cost of living index (US avg = 100) | 106 |
| MIT living wage, single adult | $22.00/hour |
| MIT living wage, one earner supporting a family of four | $44.50/hour |
| Applicable minimum wage | $15.57/hour |
| Average rent, 1-bedroom | $1,350/month |
| Average rent, 2-bedroom | $1,700/month |
| Median home price | $330,000 |
| Median household income | $75,000/year |
| Combined sales tax rate | 8.025% |
| Effective property tax rate | 1.1% of value/year |
Local figures are 2026 estimates compiled from the MIT Living Wage Calculator, the C2ER Cost of Living Index, U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
The minimum wage in Minneapolis is the City of Minneapolis minimum of $15.57/hour. Minneapolis sets its own local minimum wage of $15.57/hour for large employers, above the Minnesota statewide rate, and adjusts it each January for inflation. A full-time worker (40 hours/week, 52 weeks) earns about $32,386 per year gross before taxes at that rate.
Not for a single adult. The MIT Living Wage Calculator estimates a single adult in Hennepin County needs about $22.00/hour (roughly $45,760/year) to cover basic costs. That is $6.43/hour above the applicable minimum wage, and a one-earner family of four needs closer to $44.50/hour.
At $15.57/hour, full-time work (2,080 hours/year) produces about $32,386 gross. Part-time at 30 hours/week is roughly $24,289/year. Average 1-bedroom rent in Minneapolis is about $1,350/month, or $16,200/year.
Minneapolis sets its own local minimum wage of $15.57/hour for large employers, above the Minnesota statewide rate, and adjusts it each January for inflation.
The federal minimum wage is $7.25/hour and has not changed since 2009. Minnesota sets a state minimum wage above the federal floor and indexes it to inflation each January; Minneapolis and Saint Paul set higher local minimums, so the applicable rate applies in Minneapolis.