What is the cost of living in Minneapolis?

The cost of living in Minneapolis is 44.2% cheaper than New York City (index: 55.8). Groceries are 14.9% cheaper than NYC. Restaurants are 16.3% cheaper than NYC. A 1-bedroom apartment in the city centre costs approximately USD 1,778 per month. Local purchasing power index is 140.4 (NYC = 100).

🇺🇸 MN, United States · #84 of 577 cities · 2026

Should I Move to Minneapolis?

Q: Should I move to Minneapolis?

Minneapolis, MN, United States has a cost of living 44.2% cheaper than New York City (index: 55.8). It is ranked #84 out of 577 cities globally. Local purchasing power is very strong (index: 140.4 vs NYC = 100). Use our salary comparison calculator to see exactly how your take-home pay would change.

44.2% cheaper than NYC, and purchasing power is very strong.

Run the calculator below with your actual salary to get a personalised answer.

-44.2%

vs NYC

USD 1,778

1-BR, city centre

140.4

Purchasing Power

Very strong

Purchasing Power

Cost index: Numbeo, blended with Expatistan and LivingCost where available (NYC = 100) · Data from March – October 2026

Personalised Answer

Compare your salary: move to Minneapolis?

Cost breakdown: Minneapolis

Cost indices vs NYC = 100

Cost of Living

55.8 Expensive

Rent

36.8 Affordable

Groceries

85.1 Above average

Restaurants

83.7 Above average

Purchasing Power

140.4 Very strong

Rent in Minneapolis

1-BR, city centre USD 1,778/mo

1-BR, outside centre USD 1,284/mo

3-BR, city centre USD 2,809/mo

3-BR, outside centre USD 2,143/mo

Save by going outside centre 28% cheaper

Numbeo · 2026-10-02

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