What is a pro or con of living in Minneapolis, Minnesotacompared to Parsippany-Troy Hills, New Jersey?

Median Home Cost is 45% cheaper in Minneapolis.

What salary do I need to live in Minneapolis, Minnesota copmared to Parsippany-Troy Hills, New Jersey?

A salary of $110,000 in Parsippany-Troy Hills, New Jersey could decrease to $81,224 in Minneapolis, Minnesota (assumptions include Homeowner, no Child Care, and Taxes are not considered.

What is a cost of living index?

A Cost of living index is a number starting at 100(100 = US Average). Higher means the place is more expensive than the US Average and lower than 100 means the place is less expensive than the US Average.

Comparison

Food

Housing

Utilities

Commute

Health

Taxes

Childcare

Personal

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PARSIPPANY TROY HILLS vs. MINNEAPOLIS
Cost of Living Comparison

Parsippany-Troy Hills, New Jersey vs. Minneapolis, Minnesota

Cost of Living Comparison

The cost of living in Minneapolis, Minnesota is 26.2% cheaper than Parsippany-Troy Hills, New Jersey.

You would need a salary of $81,224 in Minneapolis, Minnesota to maintain the standard of living you have in Parsippany-Troy Hills, New Jersey.

Comparison highlights

• Overall, Minneapolis, Minnesota is cheaper than Parsippany-Troy Hills, New Jersey
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
45% cheaper in Minneapolis
than in Parsippany-Troy Hills, New Jersey

Parsippany Troy Hills, NJ vs. Minneapolis, MN

Compared to Parsippany Troy Hills, Minneapolis is:

Homeowner

No Child Care, Taxes not Considered

26.2% lower

Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Renter

No Child Care, Taxes not Considered

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Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Food

5.1% lower

Housing (Homeowner)

36.7% lower

Housing (Rent)

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Median Home Cost

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Utilities

3.4% lower

Commute

18.6% lower

Health

23.7% lower

Taxes

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Childcare

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Personal

9.1% lower

Cost of Food

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Parsippany-Troy Hills, New Jersey vs. Minneapolis, Minnesota

Cost of Living Comparison

Comparison highlights

Parsippany Troy Hills, NJ vs. Minneapolis, MN

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