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 | Minneapolis | New York | Difference |
|---|---|---|---|
| Median rent | $1,267/mo | $1,714/mo | 26.1% lower in A |
| Median home value | $328,700 | $732,100 | 55.1% lower in A |
| Median household income | $76,332 | $76,607 | 0.4% lower in A |
| Groceries index | 103.1 | 108.1 | 4.7% lower in A |
| Utilities index | 99.9 | 133.1 | 25.0% lower in A |
| Transportation index | 104.2 | 104.3 | ≈ equal |
| Healthcare index | 102.8 | 104.1 | 1.2% lower in A |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in Minneapolis, you'd need $118,382 in New York to maintain your standard of living.
Climate, safety, and demographics side by side.
Minneapolis, MN is about 15.5% cheaper overall than New York, NY, based on our cost-of-living index. Housing costs are roughly 25% lower in Minneapolis than in New York. If you earn $80,000 in Minneapolis, you'd need about $94,706 in New York to keep the same standard of living.