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Minneapolis, MN vs New York, NY

Moving from Minneapolis to New York? Here's what changes — from your equivalent salary to housing ($393,774 → $727,625 median home) and taxes.

Minneapolis vs New York at a glance

Bars scaled to the range across all 200 metros; labels show actual values.

Minneapolis, MN New York, NY Cost-of-living index Minneapolis, MN — Cost-of-living index: 104 104 New York, NY — Cost-of-living index: 113 113 Median home price Minneapolis, MN — Median home price: $394k $394k New York, NY — Median home price: $728k $728k Price per sqft Minneapolis, MN — Price per sqft: $219 $219 New York, NY — Price per sqft: $455 $455 Median rent Minneapolis, MN — Median rent: $1,721 $1,721 New York, NY — Median rent: $3,503 $3,503 Combined sales tax Minneapolis, MN — Combined sales tax: 8.1% 8.1% New York, NY — Combined sales tax: 8.5% 8.5% Property tax rate Minneapolis, MN — Property tax rate: 1.10% 1.10% New York, NY — Property tax rate: 1.74% 1.74% Violent crime /100k Minneapolis, MN — Violent crime /100k: 280 280 New York, NY — Violent crime /100k: 350 350 Electricity ¢/kWh Minneapolis, MN — Electricity ¢/kWh: 16.4 16.4 New York, NY — Electricity ¢/kWh: 29.4 29.4 Avg commute (min) Minneapolis, MN — Avg commute (min): 25 25 New York, NY — Avg commute (min): 36 36 Avg summer high °F Minneapolis, MN — Avg summer high °F: 83° 83° New York, NY — Avg summer high °F: 83° 83° Avg winter low °F Minneapolis, MN — Avg winter low °F: 4° 4° New York, NY — Avg winter low °F: 16° 16°

To keep the same standard of living as $100,000 in Minneapolis, MN, you'd need about $107,999 in New York, NY (+$7,999).

Livability — Minneapolis, MN: 54 · New York, NY: 44 (0–100).

What your home budget buys

A $500,000 home budget gets you about 2,285 sqft in Minneapolis vs 1,099 sqft in New York ($219 vs $455 per sqft).

Annual cost breakdown (at $100,000)

CategoryMinneapolis, MNNew York, NYDifference
Housing $20,652 $42,036 +$21,384
Groceries $5,227 $5,415 +$188
Transportation $3,375 $3,895 +$520
Utilities $1,776 $3,180 +$1,404
Insurance $2,200 $1,600 −$600
Taxes $16,345 $23,496 +$7,151
Total $49,575 $79,622 +$30,047

Side by side

MetricMinneapolis, MNNew York, NY
Cost-of-living index104.3112.6
Unemployment rate3.90%6.55%
Population growth (5-yr)4.3%-1.4%
Air quality (median AQI)4752
Big Mac price (est.)$5.93$6.41
Median home price$393,774$727,625
Home price ÷ income4.2×7.8×
1-yr home appreciation2.1%4.1%
Price per square foot$219$455
Median rent$1,721$3,503
Total tax burden (% income)12.1%15.9%
Combined sales tax8.10%8.52%
Capital gains tax9.85%10.90%
Property tax rate1.10%1.74%
Healthcare (annual)$6,800$7,800
Childcare (annual, infant)$16,000$17,000
Vehicle property tax1.58%None
Avg commute (min)2536
Home insurance / yr$2,200$1,600
Auto insurance / yr$1,600$2,100
Flood insurance / yr$600$800
Earthquake insurance / yr$100$100
Electricity ¢/kWh16.429.4
Gas $/gal3.153.45
Violent crime /100k280350
Avg summer high °F8383
Avg winter low °F416
Permit difficulty (1–5)35
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