Memphis, TN vs Minneapolis, MN
Moving from Memphis to Minneapolis? Here's what changes — from your equivalent salary to housing ($247,229 → $393,774 median home) and taxes.
Memphis vs Minneapolis at a glance
Bars scaled to the range across all 200 metros; labels show actual values.
To keep the same standard of living as $100,000 in Memphis, TN, you'd need about $113,437 in Minneapolis, MN (+$13,437).
Livability — Memphis, TN: 70 · Minneapolis, MN: 54 (0–100).
What your home budget buys
A $500,000 home budget gets you about 4,045 sqft in Memphis vs 2,285 sqft in Minneapolis ($124 vs $219 per sqft).
Annual cost breakdown (at $100,000)
| Category | Memphis, TN | Minneapolis, MN | Difference |
|---|---|---|---|
| Housing | $17,292 | $20,652 | +$3,360 |
| Groceries | $4,715 | $5,227 | +$512 |
| Transportation | $3,130 | $3,375 | +$245 |
| Utilities | $1,608 | $1,776 | +$168 |
| Insurance | $2,200 | $2,200 | +$0 |
| Taxes | $5,158 | $16,345 | +$11,188 |
| Total | $34,103 | $49,575 | +$15,472 |
Side by side
| Metric | Memphis, TN | Minneapolis, MN |
|---|---|---|
| Cost-of-living index | 91.9 | 104.3 |
| Unemployment rate | 6.84% | 3.90% |
| Population growth (5-yr) | -0.6% | 4.3% |
| Air quality (median AQI) | 56 | 47 |
| Big Mac price (est.) | $5.23 | $5.93 |
| Median home price | $247,229 | $393,774 |
| Home price ÷ income | 4.0× | 4.2× |
| 1-yr home appreciation | 0.1% | 2.1% |
| Price per square foot | $124 | $219 |
| Median rent | $1,441 | $1,721 |
| Total tax burden (% income) | 7.6% | 12.1% |
| Combined sales tax | 9.55% | 8.10% |
| Capital gains tax | None | 9.85% |
| Property tax rate | 0.87% | 1.10% |
| Healthcare (annual) | $6,300 | $6,800 |
| Childcare (annual, infant) | $9,000 | $16,000 |
| Vehicle property tax | None | 1.58% |
| Avg commute (min) | 24 | 25 |
| Home insurance / yr | $2,200 | $2,200 |
| Auto insurance / yr | $1,600 | $1,600 |
| Flood insurance / yr | $700 | $600 |
| Earthquake insurance / yr | $350 | $100 |
| Electricity ¢/kWh | 14.9 | 16.4 |
| Gas $/gal | 2.95 | 3.15 |
| Violent crime /100k | 600 | 280 |
| Avg summer high °F | 89 | 83 |
| Avg winter low °F | 30 | 4 |
| Permit difficulty (1–5) | 2 | 3 |