Cost of living in Minneapolis, Minnesota

Minneapolis, Minnesota has about 427,246 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $362,200.

HUD's fair-market rent for a 2-bedroom in Hennepin County is $1,734 a month. That is the county number, not an apartment listing in Minneapolis. It runs from October 2026 through September 2027.

In the Minneapolis-St. Paul-Bloomington, MN-WI metro area, prices sit at 104.8 when the U.S. average is 100. That is a 2024 BEA index.

Minnesota taxes wages. A typical combined sales tax is 8.1% as of January 1, 2026. That mix is statewide, not Minneapolis's exact store tax.

In July 2026, a typical Minnesota home paid 17.45¢ per kilowatt-hour. That is a state average from EIA, not Minneapolis's bill.

For the week of October 12, 2026, EIA's all-grades gasoline price in Minnesota was $4.257 a gallon. At 12,000 miles a year and 25 mpg, the index counts that as $2,043.36 a year. Those miles are our standard, not a Census figure, and every town in Minnesota shares this price.

Among 338 places we list in Minnesota with a rent figure, 92 have higher typical rent than Minneapolis.