salaryAbout the sameBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Phoenix to live the same way.
🏠 Rent per month
$1,649
$1,893
🛏️ 2-bedroom rent
$1,805
$1,729
💵 Families earn per year
$87,192
$87,717
🔑 Buying a house
$362,200
$420,700
📊 Overall prices (U.S. = 100)
104.8
103.3
🏛️ Property tax per year
$4,339
$1,850
⚡ Electric bill per month
$91
$181
👥 People living there
427,246
1,642,323
Commute to work
22 min
25.6 min
College degree
55.5%
33.6%
Own their home
47.7%
57.3%
Below poverty line
16%
13.7%
Unemployment
5.9%
5%
Bottom line
- Pick Minneapolis for lower rent, cheaper homes, shorter commutes and 1 more.
- Pick Phoenix for cheaper 2-bedroom apartments, higher incomes, less poverty and 1 more.
Pay for the same job
| Job | Minneapolis | Phoenix | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $25,920 | $47,530 | +83% in Phoenix |
| Firefighter | $39,350 | $61,780 | +57% in Phoenix |
| Plumber | $101,630 | $63,750 | -37% in Phoenix |
| Elementary School Teacher | $79,730 | $59,180 | -26% in Phoenix |
| Electrician | $81,890 | $61,210 | -25% in Phoenix |
| Market Research Analyst | $97,910 | $74,590 | -24% in Phoenix |
| HVAC Technician | $77,490 | $61,170 | -21% in Phoenix |
| Licensed Practical Nurse | $65,660 | $78,080 | +19% in Phoenix |
Frequently asked questions
Is Minneapolis or Phoenix cheaper to live in?
Minneapolis and Phoenix cost about the same once rent and everyday costs are combined.
What salary do I need in Phoenix to match $60,000 in Minneapolis?
About $59,138 a year gives the same standard of living in Phoenix.
Where do people earn more, Minneapolis or Phoenix?
The typical household earns $87,192 in Minneapolis and $87,717 in Phoenix, 1% more in Phoenix.