Can A Financial Analyst Afford Rent in Elk River, MN?
Comfortably affordable — rent takes 23.8% of gross income.
Elk River rent: June 2026. Salary: BLS OEWS May 2024 (Minnesota state estimate).
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 Elk River, which improves the affordability math on a financial analyst salary:
Compare with full rent data for Elk River
View full rent data for Elk River, MN →Frequently asked questions
Can a financial analyst afford rent in Elk River, MN?
Median rent in Elk River is $2,129 a month. A typical financial analyst in Minnesota earns about $107,474 a year, which makes that rent 23.8% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a financial analyst afford in Elk River?
Using the 30% rule, a financial analyst salary in Minnesota (~$107,474/yr) supports up to $2,687 a month in rent. Elk River's current median rent is $2,129/mo, which leaves a $558/mo buffer.
How many hours does a financial analyst work to cover rent in Elk River?
At an hourly equivalent of about $52 an hour, a financial analyst in Minnesota works roughly 41.2 hours a month to cover Elk River's median rent of $2,129.
Where is rent cheaper than Elk River for a financial analyst?
Nearby Minnesota cities with lower median rent include Maple Grove ($2,119/mo), Blaine ($2,112/mo), Maple Grove ($2,111/mo). Each shifts the affordability math materially on a financial analyst salary.