Minneapolis cost of living index: 105/100 (100 = national avg). Median home $320,000, median income $64,044. See housing, groceries & more.
Population
425,336
Median Home Price
$320,000
Property Tax Rate
1.20%
Median Income
$64,044
Cost of Living
105/ 100
Minneapolis, MN has a cost of living index of 105, where 100 represents the national average. This index covers housing, groceries, utilities, transportation, and healthcare. A score above 100 means Minneapolis is more expensive than the typical American city.
Housing is usually the largest expense. The median home price in Minneapolis is $320,000, and the property tax rate is 1.20%. Rent prices generally correlate with the overall cost of living index. If you earn the local median household income of $64,044, housing affordability is a critical factor.
The median household income in Minneapolis is $64,044. When adjusted for the cost of living index of 105, your real purchasing power may be higher or lower than the raw salary suggests. Always compare salaries on a cost-adjusted basis when evaluating a move.
Use our free calculator with Minneapolis-specific data already filled in.
Open Minneapolis CalculatorPlanning a move to Minneapolis? Cost of living index: 105/100. Median home: $320,000. Median income: $64,044. Get the full relocation breakdown.
Median home price in Minneapolis: $320,000. Property tax rate: 1.20%. Get mortgage estimates, affordability analysis, and local market insights.
Median household income in Minneapolis: $64,044. Cost of living index: 105/100. See how far your salary really goes and compare local job market data.
Property tax rate in Minneapolis: 1.20%. Median home price: $320,000. Calculate your annual bill, compare to state averages, and find exemptions.
Should you rent in Minneapolis? Cost of living index: 105/100. Median income: $64,044. See how much rent you can afford and where to look.
What does commuting cost in Minneapolis? Population: 425,336. Median income: $64,044. Compare transit, driving, and biking options with real local data.
Median home in Minneapolis: $320,000. Tax rate: 1.20%. Compare Minneapolis neighborhoods by price, schools, and lifestyle to find the right fit.