Can A Physical Therapist Afford Rent in Elk River, MN?
Comfortably affordable — rent takes 24.6% of gross income.
Elk River rent: June 2026. Salary: BLS OEWS May 2024 (Minnesota state estimate).
About rent and a physical therapist salary
Physical therapist pay covers comfortable rent across most US metros. At the national-average PT salary, the 30% rule supports about $2,493 a month in rent, which is above the median in most cities tracked here.
Cheaper rent nearby
These Minnesota cities have lower median rent than Elk River, which improves the affordability math on a physical therapist salary:
Compare with full rent data for Elk River
View full rent data for Elk River, MN →Frequently asked questions
Can a physical therapist afford rent in Elk River, MN?
Median rent in Elk River is $2,129 a month. A typical physical therapist in Minnesota earns about $103,698 a year, which makes that rent 24.6% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a physical therapist afford in Elk River?
Using the 30% rule, a physical therapist salary in Minnesota (~$103,698/yr) supports up to $2,592 a month in rent. Elk River's current median rent is $2,129/mo, which leaves a $463/mo buffer.
How many hours does a physical therapist work to cover rent in Elk River?
At an hourly equivalent of about $50 an hour, a physical therapist in Minnesota works roughly 42.7 hours a month to cover Elk River's median rent of $2,129.
Where is rent cheaper than Elk River for a physical therapist?
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 physical therapist salary.