What your paycheck buys · Updated every Friday

What a paycheck buys in Minnesota this week

Out of reach · #12 of 50 on affordability · rate for the week of October 22, 2026

A median Minnesota household earning $95,160 a year can afford a home of about $300,000 at this week’s 7.32% average 30-year rate. The median Minnesota listing is $379,900, which would take 35.4% of that household’s gross income, against the usual 28% ceiling.

$300,000

Affordable home price

+$1,980 vs. last week · −$18,883 vs. a year ago

$380,000

Median list price (September 2026)

−$50 vs. a year earlier

Affordability index (100 = within reach)

U.S. 66 · Minnesota 84 a year ago

35.4%

Share of income the median listing takes

$2,808/mo incl. taxes & insurance · U.S. 42.5%

$95,000

Median household income (2025)

U.S. $87,000

#12

Rank of 50 (1 = most affordable)

See the full ranking

Compared with a year ago

A year ago, with the 30-year rate at 6.19%, a median list price of $379,950 and median income of $91,890 (2024 figure), the same household could afford about $319,000 and the median listing took 33.3% of income. Affordability in Minnesota has worsened since then.

Nearby in the ranking

#10 Indiana: can afford $241,000, median listing $299,000
#11 Oklahoma: can afford $238,000, median listing $297,000
#13 Kentucky: can afford $233,000, median listing $308,000
#14 Texas: can afford $269,000, median listing $356,000

Run your own numbers →

How this is calculated: 28% of gross monthly income for housing, 10% down, a 30-year fixed loan at Freddie Mac’s weekly average, and 1.45% of the price a year for taxes and insurance. Full method, caveats, and sources on the main index page. An educational gauge, not a mortgage quote.