Can A Financial Analyst Afford Rent in Ramsey, MN?

Comfortably affordable — rent takes 22% of gross income.

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

Ramsey median rent
$1,968/mo
Financial Analyst salary (Minnesota)
$107,474/yr
Rent as % of income
22%
Gross monthly income works out to about $8,956, and the 30% rule supports up to $2,687/mo in rent. Ramsey's median rent of $1,968 leaves roughly $719/mo of headroom under that threshold. A financial analyst works roughly 38.1 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 Ramsey, which improves the affordability math on a financial analyst salary:

Apple Valley, MN
$1,963/mo (21.9% of income)
Rosemount, MN
$1,963/mo (21.9% of income)
Apple Valley, MN
$1,962/mo (21.9% of income)

Compare with full rent data for Ramsey

View full rent data for Ramsey, MN

Frequently asked questions

Can a financial analyst afford rent in Ramsey, MN?

Median rent in Ramsey is $1,968 a month. A typical financial analyst in Minnesota earns about $107,474 a year, which makes that rent 22% of gross monthly income. Under the 30% rule, the answer is yes.

How much rent can a financial analyst afford in Ramsey?

Using the 30% rule, a financial analyst salary in Minnesota (~$107,474/yr) supports up to $2,687 a month in rent. Ramsey's current median rent is $1,968/mo, which leaves a $719/mo buffer.

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

At an hourly equivalent of about $52 an hour, a financial analyst in Minnesota works roughly 38.1 hours a month to cover Ramsey's median rent of $1,968.

Where is rent cheaper than Ramsey for a financial analyst?

Nearby Minnesota cities with lower median rent include Apple Valley ($1,963/mo), Rosemount ($1,963/mo), Apple Valley ($1,962/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 Ramsey, MN. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.