Indexed to national average (100)
See what salary you'd need in another city to match your purchasing power in Minneapolis.
About Minneapolis
Minneapolis-Saint Paul is a thriving metro with Fortune 500 headquarters and a strong healthcare sector. Despite high state income taxes, the relatively affordable housing makes the overall cost of living reasonable.
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Frequently Asked Questions
Is Minneapolis expensive?
Minneapolis has a cost of living index of 104.8, where 100 represents the national average. This is close to the national average.
What salary do you need to live comfortably in Minneapolis?
Based on a rent-to-income ratio of 30%, you'd need at least $54,840 to afford the median 2-bedroom apartment in Minneapolis and maintain basic expenses.
What is the median rent in Minneapolis?
The median 2-bedroom rent in Minneapolis is $1,371 per month, according to HUD Fair Market Rent data.