Minneapolis cost of living
Cost of living in the city of Minneapolis
Minneapolis-St. Paul-Bloomington, MN-WI had 3,757,952 people in the Census Vintage 2024 estimates. The HUD area used for rent is Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. The 2024 all-items regional price parity is 104.8, where the U.S. average is 100.
2-bedroom Fair Market Rent
$1,734
FY 2027, principal HUD area
Median gross rent
$1,444
ACS 2024 1-year
Goods prices
103.1
BEA goods RPP, 2024
Utilities prices
93.5
BEA utilities RPP, 2024
Mean commute
24.1 minutes
ACS S0801, workers who did not work from home
Median household income
$97,928
ACS 2024, 2024 dollars
Median real estate taxes divided by median home value in this metro are 1.07%. Childcare prices are not in the verified dataset.
Benefits in Minnesota
Benefit rules in this tool follow the state, not the city. SNAP in Minnesota · Medicaid · Minnesota overview
Related comparisons
From Minneapolis
The eight largest 2-bedroom Fair Market Rent gaps from Minneapolis.
- Minneapolis and San Francisco · rent gap $1,963
- Minneapolis and San Jose · rent gap $1,538
- Minneapolis and Boston · rent gap $1,274
- Minneapolis and New York · rent gap $1,237
- Minneapolis and Los Angeles · rent gap $1,230
- Minneapolis and San Diego · rent gap $1,089
- Minneapolis and Miami · rent gap $830
- Minneapolis and Seattle · rent gap $815