salaryMinneapolis is 7% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Newark to live the same way.
🏠 Rent per month
$1,649
$1,867
🛏️ 2-bedroom rent
$1,805
$1,573
💵 Families earn per year
$87,192
$56,147
🔑 Buying a house
$362,200
$373,700
📊 Overall prices (U.S. = 100)
104.8
112.6
🏛️ Property tax per year
$4,339
$7,262
⚡ Electric bill per month
$91
$143
👥 People living there
427,246
310,178
Commute to work
22 min
32.6 min
College degree
55.5%
19.7%
Own their home
47.7%
24.4%
Below poverty line
16%
23.4%
Unemployment
5.9%
11.6%
Bottom line
- Pick Minneapolis for lower rent, higher incomes, cheaper homes and 4 more.
- Pick Newark for cheaper 2-bedroom apartments.
Pay for the same job
| Job | Minneapolis | Newark | Difference |
|---|---|---|---|
| Firefighter | $39,350 | $106,420 | +170% in Newark |
| Server (Waiter/Waitress) | $25,920 | $47,610 | +84% in Newark |
| Operations Manager | $103,570 | $157,000 | +52% in Newark |
| Lawyer | $159,620 | $208,880 | +31% in Newark |
| Software Developer | $130,920 | $166,830 | +27% in Newark |
| Plumber | $101,630 | $78,610 | -23% in Newark |
| Nurse Practitioner | $133,370 | $163,340 | +22% in Newark |
| Accountant | $86,500 | $105,650 | +22% in Newark |
Frequently asked questions
Is Minneapolis or Newark cheaper to live in?
Minneapolis is about 7% cheaper overall. Rent is $1,649 a month there versus $1,867 in Newark.
What salary do I need in Newark to match $60,000 in Minneapolis?
About $64,431 a year gives the same standard of living in Newark.
Where do people earn more, Minneapolis or Newark?
The typical household earns $87,192 in Minneapolis and $56,147 in Newark, 55% more in Minneapolis.