Zip 55411 (Minneapolis, MN) Cost of Living


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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 (zip 55411), 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.

Zip 55411 (Minneapolis, MN)

Housing costs in Minneapolis?
A typical home costs $215,200, which is 36.4% less expensive than the national average of $338,100 and 30.5% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Minneapolis costs $1,250 per month, which is 0.8% more than the national average of $1,240 and 12.0% cheaper than the state average of $1,400.

Can I afford Minneapolis?
To live comfortably in Minneapolis (zip 55411), Minnesota, a minimum annual income of $41,400 for a family, and $40,800 for a single person is recommended.

What does A.I. say about Minneapolis?
Living in 55411 Minneapolis, MN can be quite pricey. According to Zillow's cost of living index, the median home value is around $249,700 while the median rent is $1,625 a month. The cost of goods and services are also higher compared to many other areas. Groceries, healthcare, transportation and utilities are all more costly than the national average. Despite the high costs, living in Minneapolis can be worth it with its vibrant culture and excellent job opportunities.
   Cost of living score
     CategoriesMinneapolisMinnesotaUnited States
  107.297.2100.0
  97.397.2100
  75.878.3100.0
  80.2102.9100.0
  $215,200$309,500$338,100
  100.0%95.7%100.0%
  112.896.4100.0
  144.9117.4100.0

   100=National Average

   Average Rent by Bedroom Size
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