salaryMinneapolis is 8% 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
$2,538
$1,649
🛏️ 2-bedroom rent
$1,983
$1,805
💵 Families earn per year
$67,365
$87,192
🔑 Buying a house
$518,100
$362,200
📊 Overall prices (U.S. = 100)
114.2
104.8
🏛️ Property tax per year
$4,586
$4,339
⚡ Electric bill per month
$133
$91
👥 People living there
459,745
427,246
Commute to work
27.3 min
22 min
College degree
37.4%
55.5%
Own their home
30.8%
47.7%
Below poverty line
19.4%
16%
Unemployment
5.2%
5.9%
Bottom line
- Pick Miami for lower unemployment.
- Pick Minneapolis for lower rent, cheaper 2-bedroom apartments, higher incomes and 4 more.
Pay for the same job
| Job | Miami | Minneapolis | Difference |
|---|---|---|---|
| Plumber | $57,760 | $101,630 | +76% in Minneapolis |
| Firefighter | $75,710 | $39,350 | -48% in Minneapolis |
| Carpenter | $51,570 | $74,060 | +44% in Minneapolis |
| Electrician | $58,630 | $81,890 | +40% in Minneapolis |
| Elementary School Teacher | $58,300 | $79,730 | +37% in Minneapolis |
| Dental Hygienist | $82,780 | $112,630 | +36% in Minneapolis |
| HVAC Technician | $58,040 | $77,490 | +34% in Minneapolis |
| Server (Waiter/Waitress) | $36,070 | $25,920 | -28% in Minneapolis |
Frequently asked questions
Is Miami or Minneapolis cheaper to live in?
Minneapolis is about 8% cheaper overall. Rent is $1,649 a month there versus $2,538 in Miami.
What salary do I need in Minneapolis to match $60,000 in Miami?
About $55,095 a year gives the same standard of living in Minneapolis.
Where do people earn more, Miami or Minneapolis?
The typical household earns $67,365 in Miami and $87,192 in Minneapolis, 23% more in Minneapolis.