Can A Financial Analyst Afford Rent in Coon Rapids, MN?

Comfortably affordable — rent takes 19% of gross income.

Coon Rapids rent: June 2026. Salary: BLS OEWS May 2024 (Minnesota state estimate).

Coon Rapids median rent
$1,700/mo
Financial Analyst salary (Minnesota)
$107,474/yr
Rent as % of income
19%
Gross monthly income works out to about $8,956, and the 30% rule supports up to $2,687/mo in rent. Coon Rapids's median rent of $1,700 leaves roughly $987/mo of headroom under that threshold. A financial analyst works roughly 32.9 hours a month to cover that rent.

About rent and a financial analyst salary

Financial analyst pay covers comfortable rent in most US cities. At the national-average financial-analyst salary, the 30% rule supports about $2,584 a month in rent, which is above the median in nearly every metro tracked here.

Cheaper rent nearby

These Minnesota cities have lower median rent than Coon Rapids, which improves the affordability math on a financial analyst salary:

Saint Louis Park, MN
$1,698/mo (19% of income)
Rochester, MN
$1,698/mo (19% of income)
Savage, MN
$1,697/mo (18.9% of income)

Compare with full rent data for Coon Rapids

View full rent data for Coon Rapids, MN

Frequently asked questions

Can a financial analyst afford rent in Coon Rapids, MN?

Median rent in Coon Rapids is $1,700 a month. A typical financial analyst in Minnesota earns about $107,474 a year, which makes that rent 19% of gross monthly income. Under the 30% rule, the answer is yes.

How much rent can a financial analyst afford in Coon Rapids?

Using the 30% rule, a financial analyst salary in Minnesota (~$107,474/yr) supports up to $2,687 a month in rent. Coon Rapids's current median rent is $1,700/mo, which leaves a $987/mo buffer.

How many hours does a financial analyst work to cover rent in Coon Rapids?

At an hourly equivalent of about $52 an hour, a financial analyst in Minnesota works roughly 32.9 hours a month to cover Coon Rapids's median rent of $1,700.

Where is rent cheaper than Coon Rapids for a financial analyst?

Nearby Minnesota cities with lower median rent include Saint Louis Park ($1,698/mo), Rochester ($1,698/mo), Savage ($1,697/mo). Each shifts the affordability math materially on a financial analyst salary.

Methodology: Salary uses the BLS-derived Minnesota state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Coon Rapids, MN. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.