Can A Financial Analyst Afford Rent in Northfield, MN?

Comfortably affordable — rent takes 18.3% of gross income.

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

Northfield median rent
$1,640/mo
Financial Analyst salary (Minnesota)
$107,474/yr
Rent as % of income
18.3%
Gross monthly income works out to about $8,956, and the 30% rule supports up to $2,687/mo in rent. Northfield's median rent of $1,640 leaves roughly $1,047/mo of headroom under that threshold. A financial analyst works roughly 31.7 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 Northfield, which improves the affordability math on a financial analyst salary:

White Bear Lake, MN
$1,639/mo (18.3% of income)
Oakdale, MN
$1,639/mo (18.3% of income)
White Bear Lake, MN
$1,639/mo (18.3% of income)

Compare with full rent data for Northfield

View full rent data for Northfield, MN

Frequently asked questions

Can a financial analyst afford rent in Northfield, MN?

Median rent in Northfield is $1,640 a month. A typical financial analyst in Minnesota earns about $107,474 a year, which makes that rent 18.3% of gross monthly income. Under the 30% rule, the answer is yes.

How much rent can a financial analyst afford in Northfield?

Using the 30% rule, a financial analyst salary in Minnesota (~$107,474/yr) supports up to $2,687 a month in rent. Northfield's current median rent is $1,640/mo, which leaves a $1,047/mo buffer.

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

At an hourly equivalent of about $52 an hour, a financial analyst in Minnesota works roughly 31.7 hours a month to cover Northfield's median rent of $1,640.

Where is rent cheaper than Northfield for a financial analyst?

Nearby Minnesota cities with lower median rent include White Bear Lake ($1,639/mo), Oakdale ($1,639/mo), White Bear Lake ($1,639/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 Northfield, MN. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.