Fair-market rent for a modest, two-bedroom rental in Minnesota is about $850 and full-time workers would have to earn $16.50 per hour to afford it, according to Minnesota Housing Partnership, one of the groups that released the report in conjunction with the National Low Income Housing Coalition.
Researchers found that local labor markets are growing more uniform and less specialized. There aren't very many places like Silicon Valley boasting a strong concentration of one kind of job.
Sales to Canada, the state's largest export market, were down 7 percent in the fourth quarter. Overall export numbers for the full year 2013 were down slightly, the trade office said.
The median sales price for a Twin Cities home climbed to about $183,000 in February, up 14 percent compared to the same month last year. But other measures of the housing market tumbled.
Minorities in Minnesota may face many hurdles to buying a home. With lower educational attainment, income and savings rates than their white counterparts, some people of color may be less likely to qualify for mortgages -- or to apply for them.
Pending home sales in the Twin Cities were sluggish for at least half the month of February, according to preliminary reports from the Minneapolis Area Association of Realtors.
At the end of 2013, about 10 percent of mortgaged properties were "underwater," down from about 16 percent a year earlier.
Only a handful of states produced a greater number of online job ads, said Steve Hine, Minnesota's chief labor market analyst.
Lenders are struggling to increase profits, in part because loan growth is lackluster, said Ron Feldman, executive vice president at the Federal Reserve Bank of Minneapolis.
Creighton's Minnesota Business Conditions Index climbed to 64 in February from about 58 in January. Scores above 50 indicate economic expansion.
Minnesota's economic improvements translate to more tax dollars flowing into state coffers. Officials expect that pattern will continue.
The company has been laying off workers at headquarters in dribs and drabs, often on Tuesdays, according to MPR News sources. That's led some workers to dub those events "Termination Tuesday."
Twin Cities home prices ended 2013 up nearly 10 percent higher than the year before, but the "strongest part of the recovery" may be done.
Socially-minded business owners want the chance to legally establish their companies as benefit corporations, or B-corporations. The new kind of corporate charter first appeared in Maryland four years ago. Now, about 20 states allow it.
A spokesman for Minnesota State Patrol reports hundreds of vehicle spin-outs and accidents due to slick roads Monday morning.