City comparison
Cost indices by category, with the US city average (100) marked.
Index: 100 = US city average. Lower is more affordable.
Side-by-side costs, salaries, and sub-category indices.
| Metric | Lakeville | Minneapolis | Difference |
|---|---|---|---|
| Median rent | $1,623/mo | $1,267/mo | 28.1% higher in A |
| Median home value | $395,900 | $328,700 | 20.4% higher in A |
| Median household income | $129,069 | $76,332 | 69.1% higher in A |
| Groceries index | 101.0 | 103.1 | 2.0% lower in A |
| Utilities index | 93.0 | 99.9 | 6.9% lower in A |
| Transportation index | 102.2 | 104.2 | 2.0% lower in A |
| Healthcare index | 102.8 | 102.8 | ≈ equal |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in Lakeville, you'd need $97,997 in Minneapolis to maintain your standard of living.
Climate, safety, and demographics side by side.
Minneapolis, MN is about 2% cheaper overall than Lakeville, MN, based on our cost-of-living index. Housing costs are roughly 7% lower in Minneapolis than in Lakeville. If you earn $80,000 in Lakeville, you'd need about $78,398 in Minneapolis to keep the same standard of living.