Planning a move to Minneapolis? Cost of living index: 105/100. Median home: $320,000. Median income: $64,044. Get the full relocation breakdown.
Population
425,336
Median Home Price
$320,000
Property Tax Rate
1.20%
Median Income
$64,044
Cost of Living
105/ 100
Minneapolis is home to approximately 425,336 residents and offers a cost of living index of 105 compared to the national average of 100. Whether you are relocating for work or lifestyle, understanding the local economy and housing market is the first step to a successful move.
The median home price in Minneapolis is $320,000, and the local property tax rate sits at 1.20%. Renters can expect prices that track with the overall cost of living index of 105. Before signing a lease or making an offer, compare these numbers against your budget and the median household income of $64,044 in the area.
The median household income in Minneapolis, MN is $64,044. Major employers span healthcare, technology, education, and government sectors. Evaluating local salaries against the cost of living index of 105 will help you understand your real purchasing power after the move.
Property taxes in Minneapolis average 1.20% of assessed value. Depending on MN income tax rules, your overall tax burden may be higher or lower than your current location. Use a salary-after-tax calculator to see the net impact before committing to the move.
Use our free calculator with Minneapolis-specific data already filled in.
Open Minneapolis CalculatorMedian home price in Minneapolis: $320,000. Property tax rate: 1.20%. Get mortgage estimates, affordability analysis, and local market insights.
Minneapolis cost of living index: 105/100 (100 = national avg). Median home $320,000, median income $64,044. See housing, groceries & more.
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.