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← Minneapolis, MN metro

Minneapolis, MN

Rows tagged local are specific to Minneapolis (Census ACS); state rows are state averages; metro-area rows are inherited from Minneapolis, MN. Home value is ACS owner-reported (not a Zillow sale price).

School score: 5/10 (district 2721240 · NCES EDFacts)

Cost of living

MetricValueScopeUS rank
Cost-of-living index (US=100)104.3metro-area#168 of 200
Grocery index (US=100)104.5metro-area#171 of 200
Big Mac price (est.)$5.93metro-area#167 of 200
Median household income$76,332local#16 of 200
Median wage (all occupations)$45,438local#10 of 200

Economy

MetricValueScopeUS rank
Unemployment rate5.78%local#23 of 200
Population growth (5-yr)+3.8%local#91 of 200

Housing — what your money buys

MetricValueScopeUS rank
Median home price$328,700local#133 of 200
Home price ÷ income (affordability)4.3×local#65 of 200
1-yr home appreciation+2.1%metro-area#85 of 200
Price per square foot$183local#135 of 200
Typical home size (implied)1,800 sqft
Median rent (monthly)$1,267local#121 of 200
Homes for sale (inventory)11,577
Median days on market17metro-area#98 of 200

Taxes

MetricValueScopeUS rank
Total tax burden (est. % of income)12.1%state#154 of 200
Combined sales tax8.10%state#114 of 200
State income tax (top rate)9.85%
Capital gains tax9.85%state#163 of 200
High earnersNo special surtax
Effective property tax rate1.21%local#121 of 200
Median property tax paid$3,960local#143 of 200

Healthcare & childcare

MetricValueScopeUS rank
Healthcare (annual, single adult)$6,800state#93 of 200
Childcare (annual, infant, center)$16,000state#150 of 200

Vehicles & commute

MetricValueScopeUS rank
Annual registration$200state#135 of 200
Vehicle property tax (annual)1.58% of value (~$442/yr)state#161 of 200
Emissions testingNot required
Emissions detailNo vehicle emissions testing
DMV & license offices5
Avg commute to work23 minlocal#110 of 200

Utilities & fuel

MetricValueScopeUS rank
Electricity16.4¢/kWhstate#81 of 200
Avg monthly electric bill$148state#81 of 200
Gasoline$3.15/galstate#57 of 200
Natural gas (avg monthly bill)$76state#137 of 200
Water & sewer (avg monthly bill)$77state#34 of 200
Home internet (avg monthly bill)$81state#121 of 200

Insurance

MetricValueScopeUS rank
Home insurance (annual)$2,200state#129 of 200
Auto insurance (annual)$1,600state#51 of 200

Disaster risk & supplemental insurance

MetricValueScopeUS rank
Main natural hazardsNotable hazards: tornadoes — separate flood/quake/windstorm policies may be needed.
Flood insurance (annual, NFIP)$600state#16 of 200
Earthquake insurance (annual)$100state#1 of 200

Climate & air quality

MetricValueScopeUS rank
Air quality (median AQI, lower=cleaner)47metro-area#107 of 200
Cooling degree-days (AC load)700metro-area#25 of 200
Heating degree-days (heat load)8,000metro-area#197 of 200
Avg summer high83°Fmetro-area#21 of 200
Avg winter low4°Fmetro-area#198 of 200
Annual precipitation31.6"metro-area#48 of 200
Annual snowfall51.2"metro-area#181 of 200
Sunshine (% of possible)58%metro-area#105 of 200
Plant hardiness zone4b
Frost window05-20 → 09-25

Safety

MetricValueScopeUS rank
Violent crime (per 100k, state avg)280state#21 of 200
Property crime (per 100k, state avg)1,900state#63 of 200

Local amenities & recreation

MetricValueScopeUS rank
Grocery stores54metro-area#109 of 200
Parks72
Hiking areas9
Golf courses18
Shooting ranges4
Lakes21

Permits

MetricValueScopeUS rank
Building permit difficulty (1–5)3state#87 of 200
Permit detailModerate

US rank = this metro's position among all 200 metros (1 = best: cheapest / safest / highest income, etc.). Childcare is a family cost, not included in the salary-equivalence total.