salaryRaleigh is 6% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Raleigh to live the same way.
🏠 Rent per month
$1,649
$1,822
🛏️ 2-bedroom rent
$1,805
$1,658
💵 Families earn per year
$87,192
$92,099
🔑 Buying a house
$362,200
$415,800
📊 Overall prices (U.S. = 100)
104.8
98.2
🏛️ Property tax per year
$4,339
$3,048
⚡ Electric bill per month
$91
$133
👥 People living there
427,246
481,031
Commute to work
22 min
23 min
College degree
55.5%
54%
Own their home
47.7%
50.7%
Below poverty line
16%
11.9%
Unemployment
5.9%
4.4%
Bottom line
- Pick Minneapolis for lower rent, cheaper homes, shorter commutes and 1 more.
- Pick Raleigh for cheaper 2-bedroom apartments, higher incomes, less poverty and 1 more.
Pay for the same job
| Job | Minneapolis | Raleigh | Difference |
|---|---|---|---|
| Plumber | $101,630 | $60,540 | -40% in Raleigh |
| Server (Waiter/Waitress) | $25,920 | $34,860 | +34% in Raleigh |
| Police Officer | $97,190 | $65,860 | -32% in Raleigh |
| Carpenter | $74,060 | $50,820 | -31% in Raleigh |
| Electrician | $81,890 | $56,800 | -31% in Raleigh |
| Elementary School Teacher | $79,730 | $60,170 | -25% in Raleigh |
| HVAC Technician | $77,490 | $58,900 | -24% in Raleigh |
| Market Research Analyst | $97,910 | $78,980 | -19% in Raleigh |
Frequently asked questions
Is Minneapolis or Raleigh cheaper to live in?
Raleigh is about 6% cheaper overall. Rent is $1,822 a month there versus $1,649 in Minneapolis.
What salary do I need in Raleigh to match $60,000 in Minneapolis?
About $56,185 a year gives the same standard of living in Raleigh.
Where do people earn more, Minneapolis or Raleigh?
The typical household earns $87,192 in Minneapolis and $92,099 in Raleigh, 5% more in Raleigh.