Cost of Living in Minneapolis, MN 2026 - Calculator & Comparison

Minneapolis Key Facts

State income tax rate: ~7.8%. See Minnesota tax brackets

What is the cost of living in Minneapolis, MN?

The overall cost of living index in Minneapolis is 108, which is 8% above the national average of 100. Housing is the biggest factor at 110.

Is Minneapolis expensive to live in?

Minneapolis is moderately above the national average in cost, ranking #35 out of 50 major cities with an index of 108.

What is the median household income in Minneapolis?

The median household income in Minneapolis, MN is approximately $65,607.

Austin, TX

Index: 108

Atlanta, GA

Index: 108

Chicago, IL

Index: 107

Baltimore, MD

Index: 105

Colorado Springs, CO

Index: 105

Tampa, FL

Index: 105