Carpenters Salary

It’s a stretch — at the median salary of $74K, rent takes 36.1% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,709/month. The 30% guideline puts the comfortable ceiling at roughly $1,400/month in rent — so roommates or a 1-bedroom would ease the math significantly.

The 10th-percentile wage — what new carpenters typically earn — is $50K/year. Take-home on that works out to about $2,995/month. At HUD’s $1,709/month FMR, rent would take 57% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.

Local pay is 22% above the national median — $74K here vs. $61K nationally.

Minneapolis-St. Paul-Bloomington pays $74K median vs. the U.S. average of $61K — that’s +22%. After adjusting for local cost of living (RPP 104.82), the purchasing-power equivalent is $71K — still ahead of the national median.

The median is $74,060 a year, that works out to about $36 an hour. But the range is wide: entry-level workers start around $49,920, and experienced carpenters can clear $100,830. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $4,740/month after taxes. A 2-bedroom here rents for about $1,709/month, which eats 36.1% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.

Minneapolis-St. Paul-Bloomington has a Regional Price Parity of 104.82 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median carpenters salary is worth about $70,654 in national-average purchasing power.

The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.