salaryAustin is 7% cheaperBased 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
$1,932
$1,649
🛏️ 2-bedroom rent
$1,941
$1,805
💵 Families earn per year
$101,010
$87,192
🔑 Buying a house
$555,300
$362,200
📊 Overall prices (U.S. = 100)
98.1
104.8
🏛️ Property tax per year
$8,024
$4,339
⚡ Electric bill per month
$134
$91
👥 People living there
979,539
427,246
Commute to work
23.7 min
22 min
College degree
59.6%
55.5%
Own their home
43.4%
47.7%
Below poverty line
12%
16%
Unemployment
4.7%
5.9%
Bottom line
- Pick Austin for higher incomes, a more educated workforce, less poverty and 1 more.
- Pick Minneapolis for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
Pay for the same job
| Job | Austin | Minneapolis | Difference |
|---|---|---|---|
| Plumber | $62,810 | $101,630 | +62% in Minneapolis |
| Carpenter | $50,260 | $74,060 | +47% in Minneapolis |
| Electrician | $60,390 | $81,890 | +36% in Minneapolis |
| Firefighter | $58,830 | $39,350 | -33% in Minneapolis |
| Elementary School Teacher | $61,270 | $79,730 | +30% in Minneapolis |
| HVAC Technician | $60,820 | $77,490 | +27% in Minneapolis |
| Nursing Assistant | $38,550 | $48,020 | +25% in Minneapolis |
| Warehouse Worker | $38,530 | $47,320 | +23% in Minneapolis |
Frequently asked questions
Is Austin or Minneapolis cheaper to live in?
Austin is about 7% cheaper overall. Rent is $1,932 a month there versus $1,649 in Minneapolis.
What salary do I need in Minneapolis to match $60,000 in Austin?
About $64,134 a year gives the same standard of living in Minneapolis.
Where do people earn more, Austin or Minneapolis?
The typical household earns $101,010 in Austin and $87,192 in Minneapolis, 16% more in Austin.