salaryAbout the sameBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Minneapolis to live the same way.
🏠 Rent per month
$1,651
$1,649
🛏️ 2-bedroom rent
$1,565
$1,805
💵 Families earn per year
$111,392
$87,192
🔑 Buying a house
$395,900
$362,200
📊 Overall prices (U.S. = 100)
105.4
104.8
🏛️ Property tax per year
$4,982
$4,339
⚡ Electric bill per month
$136
$91
👥 People living there
288,976
427,246
Commute to work
18.8 min
22 min
College degree
38.7%
55.5%
Own their home
63.9%
47.7%
Below poverty line
8.9%
16%
Unemployment
4.6%
5.9%
Bottom line
- Pick Anchorage for cheaper 2-bedroom apartments, higher incomes, shorter commutes and 2 more.
- Pick Minneapolis for lower rent, cheaper homes, a more educated workforce.
Pay for the same job
| Job | Anchorage | Minneapolis | Difference |
|---|---|---|---|
| Market Research Analyst | $68,720 | $97,910 | +42% in Minneapolis |
| Firefighter | $64,810 | $39,350 | -39% in Minneapolis |
| Software Developer | $104,030 | $130,920 | +26% in Minneapolis |
| Licensed Practical Nurse | $82,330 | $65,660 | -20% in Minneapolis |
| Police Officer | $115,020 | $97,190 | -16% in Minneapolis |
| Nurse Practitioner | $157,430 | $133,370 | -15% in Minneapolis |
| Dental Hygienist | $132,740 | $112,630 | -15% in Minneapolis |
| Operations Manager | $120,030 | $103,570 | -14% in Minneapolis |
Frequently asked questions
Is Anchorage or Minneapolis cheaper to live in?
Anchorage and Minneapolis cost about the same once rent and everyday costs are combined.
What salary do I need in Minneapolis to match $60,000 in Anchorage?
About $59,660 a year gives the same standard of living in Minneapolis.
Where do people earn more, Anchorage or Minneapolis?
The typical household earns $111,392 in Anchorage and $87,192 in Minneapolis, 28% more in Anchorage.