salaryMinneapolis is 7% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in New York to live the same way.
🏠 Rent per month
$1,649
$2,806
🛏️ 2-bedroom rent
$1,805
$2,016
💵 Families earn per year
$87,192
$86,801
🔑 Buying a house
$362,200
$777,600
📊 Overall prices (U.S. = 100)
104.8
112.6
🏛️ Property tax per year
$4,339
$6,547
⚡ Electric bill per month
$91
$132
👥 People living there
427,246
8,483,844
Commute to work
22 min
40.3 min
College degree
55.5%
41.6%
Own their home
47.7%
32.8%
Below poverty line
16%
17.9%
Unemployment
5.9%
8%
Bottom line
- Pick Minneapolis for lower rent, cheaper 2-bedroom apartments, higher incomes and 5 more.
Pay for the same job
| Job | Minneapolis | New York | Difference |
|---|---|---|---|
| Firefighter | $39,350 | $106,420 | +170% in New York |
| Server (Waiter/Waitress) | $25,920 | $47,610 | +84% in New York |
| Operations Manager | $103,570 | $157,000 | +52% in New York |
| Lawyer | $159,620 | $208,880 | +31% in New York |
| Software Developer | $130,920 | $166,830 | +27% in New York |
| Plumber | $101,630 | $78,610 | -23% in New York |
| Nurse Practitioner | $133,370 | $163,340 | +22% in New York |
| Accountant | $86,500 | $105,650 | +22% in New York |
Frequently asked questions
Is Minneapolis or New York cheaper to live in?
Minneapolis is about 7% cheaper overall. Rent is $1,649 a month there versus $2,806 in New York.
What salary do I need in New York to match $60,000 in Minneapolis?
About $64,431 a year gives the same standard of living in New York.
Where do people earn more, Minneapolis or New York?
The typical household earns $87,192 in Minneapolis and $86,801 in New York, 0% more in Minneapolis.