Minneapolis, MN Cost of Living


163 Reviews



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Minneapolis cost of living score
107.2
More expensive
7.2% higher
than the US average
10.3% higher
than the Minnesota average
Minneapolis, Minnesota gets a BestPlaces Cost of Living score of 107.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 7.2% higher than the U.S. average and 10.3% higher than the average for Minnesota.

Minneapolis, MN

Housing costs in Minneapolis?
A typical home costs $294,200, which is 13.0% less expensive than the national average of $338,100 and 4.9% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Minneapolis costs $1,440 per month, which is 0.7% more than the national average of $1,430 and 13.9% more than the state average of $1,240.

Can I afford Minneapolis?
To live comfortably in Minneapolis, Minnesota, a minimum annual income of $56,520 for a family, and $46,800 for a single person is recommended.

What does A.I. say about Minneapolis?
Minneapolis, Minnesota provides plenty of opportunities to explore and enjoy alongside an impressive cost-of-living that makes it worth considering. Homeowners can select among different types of housing ranging from affordable single family homes to luxury high rises - while renters have access to some great deals too. Additionally, groceries and transportation costs remain quite low when compared with other parts of the US - giving you more value for your dollar if you choose Minneapolis as your home.
   Cost of living score
     CategoriesMinneapolisMinnesotaUnited States
  107.297.2100.0
  101.297.2100
  75.878.3100.0
  113.4102.9100.0
  $294,200$309,500$338,100
  99.7%95.7%100.0%
  108.596.4100.0
  144.6117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Minneapolis
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Lived here since 2007. Great city. I would’ve gave it 5 stars but the winter weather ??. Great for many, I’m burned out on it. We’re the coldest major city in the US and  More

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It’s not Minnesota nice, it’s sardonic.. we know you’re full of **** but we will play along for a while, make you uncomfortable for attempting to pull one over on us..  More

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Over 3 years ago

I lived in Minneapolis (or St. Paul or Stillwater) for 20 years. Minneapolis is a very livable city. It has quality museums, good transportation, excellent healthcare,  More

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