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Cost of living in Minneapolis, MN

Livability score 54 · cost-of-living index 104.3 (US = 100)

Minneapolis, MN
Photo: BpA9543 via Commons · CC BY-SA 4.0

How Minneapolis compares

Where Minneapolis falls within the range of all 200 metros (marker = this city).

Cost-of-living index (US=100) 85 118 Cost-of-living index (US=100): 104 — range 85 to 118 across all metros 104 Median home price $149k $1610k Median home price: $394k — range $149k to $1610k across all metros $394k Price per sqft (more house = lower) $88 $1074 Price per sqft (more house = lower): $219 — range $88 to $1074 across all metros $219 Combined sales tax 0.0% 11.5% Combined sales tax: 8.1% — range 0.0% to 11.5% across all metros 8.1% Property tax rate 0.28% 2.76% Property tax rate: 1.10% — range 0.28% to 2.76% across all metros 1.10% Violent crime (per 100k, state avg) 110 1,000 Violent crime (per 100k, state avg): 280 — range 110 to 1,000 across all metros 280 Electricity (¢/kWh) 12.3 46.6 Electricity (¢/kWh): 16.4 — range 12.3 to 46.6 across all metros 16.4 Avg summer high (°F) 65° 104° Avg summer high (°F): 83° — range 65° to 104° across all metros 83° Avg winter low (°F) -2° 72° Avg winter low (°F): 4° — range -2° to 72° across all metros 4°

Map of Minneapolis

Grocery stores, parks, golf courses and more — real listings. Toggle categories in the legend.

Map data © OpenStreetMap contributors · business listings via Google Maps

Cost of living

MetricValueScopeUS rank
Cost-of-living index (US=100) 104.3 metro-area #168 of 200
Grocery index (US=100) 104.5 metro-area #171 of 200
Big Mac price (est.) $5.93 metro-area #167 of 200
Median household income $94,673 metro-area #16 of 200
Median wage (all occupations) $51,083 metro-area #10 of 200

Who lives here

MetricValueScopeUS rank
Median age 37.8 years metro-area #79 of 200
Bachelor's degree or higher (25+) 44.9% metro-area #16 of 200
Foreign-born residents 10.7% metro-area #68 of 200
Homes that are owner-occupied 70.9% metro-area #32 of 200

Economy

MetricValueScopeUS rank
Unemployment rate 3.90% metro-area #23 of 200
Population growth (5-yr) +4.3% metro-area #91 of 200

Housing — what your money buys

MetricValueScopeUS rank
Median home price $393,774 metro-area #133 of 200
Home price ÷ income (affordability) 4.2× metro-area #65 of 200
1-yr home appreciation +2.1% metro-area #85 of 200
Price per square foot $219 metro-area #135 of 200
Typical home size (implied) 1,800 sqft
Median rent (monthly) $1,721 metro-area #121 of 200
Homes for sale (inventory) 11,577
Median days on market 17 metro-area #98 of 200

Taxes

MetricValueScopeUS rank
Total tax burden (est. % of income) 12.1% state #154 of 200
Combined sales tax 8.10% state #114 of 200
State income tax (top rate) 9.85%
Capital gains tax 9.85% state #163 of 200
High earners No special surtax
Social Security in retirement Taxed — taxes Social Security benefits, but income thresholds and age rules exempt many retirees — check the state's own limits before assuming you would owe
Effective property tax rate 1.10% metro-area #121 of 200
Median property tax paid $3,660 metro-area #143 of 200

Health & childcare

MetricValueScopeUS rank
Life expectancy at birth 79.7 years metro-area #27 of 200
Healthcare (annual, single adult) $6,800 state #93 of 200
Uninsured (share of residents) 5.1% metro-area #21 of 200
Primary care providers per 100k 88 metro-area #42 of 200
Childcare (annual, infant, center) $16,000 state #150 of 200

Vehicles & commute

MetricValueScopeUS rank
Annual registration $200 state #135 of 200
Vehicle property tax (annual) 1.58% of value (~$442/yr) state #161 of 200
Emissions testing Not required
Emissions detail No vehicle emissions testing
DMV & license offices 5
Avg commute to work 25 min metro-area #110 of 200
Commute by driving alone 67.8% metro-area #30 of 200
Solo drivers commuting 30+ min 33.3% metro-area #119 of 200

Utilities & fuel

MetricValueScopeUS rank
Electricity 16.4¢/kWh state #81 of 200
Avg monthly electric bill $148 state #81 of 200
Gasoline $3.15/gal state #57 of 200
Natural gas (avg monthly bill) $76 state #137 of 200
Water & sewer (avg monthly bill) $77 state #34 of 200
Home internet (avg monthly bill) $81 state #121 of 200

Insurance

MetricValueScopeUS rank
Home insurance (annual) $2,200 state #129 of 200
Auto insurance (annual) $1,600 state #51 of 200

Disaster risk & supplemental insurance

MetricValueScopeUS rank
Main natural hazards Notable hazards: tornadoes — separate flood/quake/windstorm policies may be needed.
FEMA National Risk Index (0–100, higher = more risk) 86.1 — Relatively Moderate metro-area #74 of 200
Flood insurance (annual, NFIP) $600 state #16 of 200
Earthquake insurance (annual) $100 state #1 of 200

Climate & air quality

MetricValueScopeUS rank
Air quality (median AQI, lower=cleaner) 47 metro-area #107 of 200
Cooling degree-days (AC load) 700 metro-area #25 of 200
Homes with air conditioning (state) 94% state #64 of 200
Heating degree-days (heat load) 8,000 metro-area #197 of 200
Days per year ≥ 90°F 11 metro-area #49 of 200
Days per year ≥ 100°F 0 metro-area #5 of 200
Avg summer high (state) 83°F metro-area #21 of 200
Avg winter low 4°F metro-area #198 of 200
Annual precipitation 31.6" metro-area #48 of 200
Annual snowfall 51.2" metro-area #181 of 200
Sunshine (% of possible) 58% metro-area #105 of 200
Plant hardiness zone 4b
Frost window 05-20 → 09-25

Safety

MetricValueScopeUS rank
Violent crime (per 100k, state avg) 280 state #21 of 200
Property crime (per 100k, state avg) 1,900 state #63 of 200

Local amenities & recreation

MetricValueScopeUS rank
Grocery stores 54 metro-area #109 of 200
Parks 72
Hiking areas 9
Golf courses 18
Shooting ranges 4
Lakes 21

Permits

MetricValueScopeUS rank
Building permit difficulty (1–5) 3 state #87 of 200
Permit detail Moderate

US rank = this metro's position among all 200 metros (1 = best: cheapest / safest / highest income, etc.). Childcare is a family cost, not included in the salary-equivalence total.

Top employers in Minneapolis

Major public and private employers in the Minneapolis, MN area.

EmployerSectorJobs
Land O'Lakes Manufacturing Careers →
Buffalo Wild Wings hospitality Search →
Target Retail Careers →
UnitedHealth Group Healthcare Careers →
Mayo Clinic Healthcare Careers →
3M Manufacturing Careers →

Salaries by occupation in Minneapolis

Local median pay, BLS OEWS. All occupations →

OccupationMedian pay
Dentists $211,660
Marketing Managers $167,410
Financial Managers $161,380
Lawyers $156,560
Pharmacists $154,160
Human Resources Managers $154,000
Physician Assistants $135,760
Software Developers $127,720
Data Scientists $114,560
Construction Managers $104,970
General & Operations Managers $102,460
Registered Nurses $100,800
Civil Engineers $99,690
Mechanical Engineers $98,740
Physical Therapists $97,160
Web Developers $96,450
Plumbers, Pipefitters & Steamfitters $96,200
Dental Hygienists $94,620
Police & Sheriff's Patrol Officers $91,000
Electricians $82,170
Accountants & Auditors $79,750
Carpenters $71,180
Elementary School Teachers $63,600
Graphic Designers $63,080
Heavy & Tractor-Trailer Truck Drivers $61,060
Welders, Cutters & Solderers $58,000
Medical Assistants $50,610
Real Estate Sales Agents $44,270

Find a job in Minneapolis

Cities in the Minneapolis area

Minneapolis (426,877) →St. Paul (308,806) →Bloomington (89,244) →Brooklyn Park (84,951) →Plymouth (79,918) →Woodbury (75,549) →Lakeville (70,696) →Maple Grove (70,110) →Blaine (70,047) →Eagan (68,262) →Burnsville (64,075) →Eden Prairie (63,623) →Coon Rapids (63,296) →Apple Valley (55,594) →Minnetonka (53,529) →Edina (53,037) →St. Louis Park (49,500) →Shakopee (44,135) →Maplewood (41,405) →Cottage Grove (39,274) →Richfield (36,809) →Roseville (36,066) →Inver Grove Heights (35,673) →Brooklyn Center (33,109) →Andover (32,639) →Savage (32,441) →Fridley (29,731) →Oakdale (28,029) →Ramsey (27,774) →Chaska (27,764) →Prior Lake (27,608) →Shoreview (26,846) →Rosemount (25,993) →Elk River (25,936) →Chanhassen (25,868) →White Bear Lake (24,317) →Champlin (23,666) →Farmington (23,487) →New Brighton (23,141) →Crystal (22,954) →Golden Valley (22,142) →Hastings (22,063) →Columbia Heights (21,822) →New Hope (21,620) →Lino Lakes (21,525) →West St. Paul (20,820) →South St. Paul (20,598) →Forest Lake (20,553) →Northfield (20,518) →Otsego (20,455) →Stillwater (19,316) →Hopkins (18,752) →St. Michael (18,648) →Anoka (17,892) →Ham Lake (16,489) →Buffalo (16,288) →River Falls (16,165) →Hugo (15,831) →Hudson (14,763) →Robbinsdale (14,452) →Monticello (14,447) →Rogers (13,283) →Mounds View (13,100) →Waconia (12,993) →Vadnais Heights (12,864) →North St. Paul (12,465) →East Bethel (11,901) →Lake Elmo (11,861) →Big Lake (11,857) →Mendota Heights (11,642) →North Branch (10,968) →Victoria (10,681) →Little Canada (10,624) →New Richmond (10,158) →

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