Quick answer
🟡 Yes, but tightly. A physical therapist in Minneapolis earns roughly $98,855/yr (~$5,313/mo take-home) and a 1BR costs $1,380/mo — that's 26% of take-home on rent. The standard is 30% or less.
MN · 2026
Can a Physical Therapist Afford to Live in Minneapolis?
Using local salary estimates and Minneapolis's actual cost of living — rent, taxes, utilities, and groceries — here's the real monthly picture for a physical therapist in Minneapolis, MN in 2026.
Monthly Budget Breakdown
Gross monthly salary
$98,855/yr local estimate
$8,238
Taxes (federal + state + FICA)
Up to 9.85% state income tax
-$2,925
Monthly take-home
After all taxes
$5,313
1BR rent
26% of take-home
-$1,380
Utilities
Electric, gas, internet avg
-$155
Groceries
Single-person estimate
-$360
Transport
Car or transit average
-$350
Left for everything else
Dining, clothing, fun, savings
$3,068
At a 40% savings rate on discretionary income, a physical therapist in Minneapolis could save roughly $14,724/year after covering all essentials.
What Does 26% Rent Burden Mean?
The standard rule of thumb is to spend no more than 30% of gross income on rent. At 26% of take-home pay, a physical therapist in Minneapolis is near the limit. Livable, but there's little buffer for emergencies or lifestyle upgrades.
These numbers use a local salary estimate of $98,855/yr — adjusted from the national Physical Therapist median of $99,710/yr based on Minneapolis's cost of living index. Actual salaries vary by employer, experience, and specialization.
Best Neighborhoods in Minneapolis for a Physical Therapist
Based on walkability, rent levels, and quality of life — not just lowest price.
Uptown / Lowry Hill East
Lakes, dense walkable nightlife, young professionals, most urban feel; 1BR $1,500–2,000
Northeast (Nordeast)
Art galleries, breweries, Eastern European roots, gentrifying rapidly; 1BR $1,400–1,900
North Loop / Warehouse District
Converted warehouses, most walkable downtown adjacent, tech offices; 1BR $1,600–2,100
Frequently Asked Questions
What is the average salary for a Physical Therapist in Minneapolis?
A Physical Therapist in Minneapolis earns approximately $98,855 per year, based on the national BLS median of $99,710/yr adjusted for Minneapolis's cost of living. Actual pay varies by employer, experience, and specialization.
Is Minneapolis affordable for a physical therapist in 2026?
Manageable. Rent takes 26% of take-home, which is right at the limit. A physical therapist can make it work but should keep other expenses lean.
How much take-home pay does a Physical Therapist get in Minneapolis?
After federal taxes, Up to 9.85% state income tax, and FICA, a Physical Therapist earning $98,855/yr takes home roughly $5,313/month in Minneapolis.
What is the rent-to-income ratio for a Physical Therapist in Minneapolis?
A 1-bedroom apartment in Minneapolis costs a median of $1,380/month. On a Physical Therapist salary, that's 26% of monthly take-home pay. Financial experts recommend keeping this below 30%.