According to the US Department of Justice (as of 5/15/15), median income in Minnesota, by family size stacks up as follows:
Family of 1: $50,934
Family of 2: $66,566
Family of 3: $81,044
Family of 4: $94,807
Family of 5: $102,907
Family of 6: $111,007
Half of Minnesota families are above that number. Half fall below that number. If you're above that number and are just scrapping by paycheck-to-paycheck without your net-worth (savings) increasing each month, it's time to ask: why?
Compared to global standards, you're probably doing pretty well:
Drewes Law PLLC helps Minnesota consumers better understand their finances by answering questions about debt, mortgages and credit. Feel free to contact a Drewes Law attorney for a free consultation: 612-285-3052.
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