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Minnesota families need $107,000 annually to afford middle-class living, a new report says.
A new report reveals that Minnesota families need an annual income of at least $107,000 to maintain a middle-class standard of living, reflecting rising costs in housing, healthcare, and childcare.
The figure, based on the latest data from the Economic Policy Institute, underscores growing economic pressure despite the state’s strong job market and high median incomes.
Families earning below this threshold face increasing difficulty covering basic expenses without relying on debt or financial assistance.
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Las familias de Minnesota necesitan 107.000 dólares anuales para poder permitirse una vida de clase media, dice un nuevo informe.