Side-by-side comparison

Minneapolis vs Indianapolis

Cost of living comparison for Minneapolis, Minnesota and Indianapolis, Indiana.

Bottom line

Minneapolis is approximately 20% more expensive than Indianapolis. A single person needs about $3,699/mo in Minneapolis versus $3,076/mo in Indianapolis.

Rent in Minneapolis vs Indianapolis

HUD Fair Market Rents by bedroom count.

Minneapolis · Studio

$1,220

Indianapolis · Studio

$955

Minneapolis is $265 (28%) higher than Indianapolis

Minneapolis · 1 bedroom

$1,381

Indianapolis · 1 bedroom

$1,097

Minneapolis is $284 (26%) higher than Indianapolis

Minneapolis · 2 bedroom

$1,685

Indianapolis · 2 bedroom

$1,283

Minneapolis is $402 (31%) higher than Indianapolis

Minneapolis · 3 bedroom

$2,244

Indianapolis · 3 bedroom

$1,669

Minneapolis is $575 (34%) higher than Indianapolis

Income & earnings in Minneapolis vs Indianapolis

Annual figures from Census ACS.

Minneapolis · Household income

$96,339

Indianapolis · Household income

$63,450

Minneapolis is $32,889 (52%) higher than Indianapolis

Minneapolis · Individual earnings

$55,015

Indianapolis · Individual earnings

$41,112

Minneapolis is $13,903 (34%) higher than Indianapolis

Minneapolis · Per capita

$57,633

Indianapolis · Per capita

$36,355

Minneapolis is $21,278 (59%) higher than Indianapolis

Home values in Minneapolis vs Indianapolis

Average values and property tax.

Minneapolis · Average home value

$376,500

Indianapolis · Average home value

$207,000

Minneapolis is $169,500 (82%) higher than Indianapolis

Minneapolis · Annual property tax

$4,337

Indianapolis · Annual property tax

$1,923

Minneapolis is $2,414 (126%) higher than Indianapolis

Energy in Minneapolis vs Indianapolis

Estimated monthly electricity and gas.

Minneapolis · Monthly electricity

$124

Indianapolis · Monthly electricity

$142

Indianapolis is $18 (15%) higher than Minneapolis

Minneapolis · Monthly gas

$63

Indianapolis · Monthly gas

$57

Minneapolis is $6 (11%) higher than Indianapolis

Minneapolis · Annual total

$2,244

Indianapolis · Annual total

$2,388

Indianapolis is $144 (6%) higher than Minneapolis

Healthcare in Minneapolis vs Indianapolis

Marketplace premium estimates and coverage rate.

Minneapolis · Individual premium

$480

Indianapolis · Individual premium

$480

Minneapolis and Indianapolis are about the same

Minneapolis · Family premium

$1,350

Indianapolis · Family premium

$1,350

Minneapolis and Indianapolis are about the same

Minneapolis · Uninsured rate

4.5%

Indianapolis · Uninsured rate

9.0%

Indianapolis is 4.5% (100%) higher than Minneapolis

Taxes in Minneapolis vs Indianapolis

State income and sales tax.

Minneapolis · State income tax

9.8%

Indianapolis · State income tax

3.0%

Minneapolis is 6.8% (223%) higher than Indianapolis

Minneapolis · State sales tax

6.9%

Indianapolis · State sales tax

7.0%

Indianapolis is 0.1% (2%) higher than Minneapolis

Minneapolis · Combined sales tax

7.5%

Indianapolis · Combined sales tax

7.0%

Minneapolis is 0.5% (8%) higher than Indianapolis

Transportation in Minneapolis vs Indianapolis

Commute time and travel modes.

Minneapolis · Average commute

22.4 min

Indianapolis · Average commute

24.2 min

Indianapolis is 1.8 min (8%) higher than Minneapolis

Minneapolis · Drive alone

62.1%

Indianapolis · Drive alone

73.8%

Indianapolis is 11.7% (19%) higher than Minneapolis

Minneapolis · Public transit

4.0%

Indianapolis · Public transit

1.3%

Minneapolis is 2.7% (208%) higher than Indianapolis

Monthly cost estimates in Minneapolis vs Indianapolis

All categories combined.

Minneapolis · Single person

$3,699

Indianapolis · Single person

$3,076

Minneapolis is $623 (20%) higher than Indianapolis

Minneapolis · Couple

$5,503

Indianapolis · Couple

$4,262

Minneapolis is $1,241 (29%) higher than Indianapolis

Minneapolis · Family

$8,206

Indianapolis · Family

$6,776

Minneapolis is $1,430 (21%) higher than Indianapolis

Frequently asked questions

Common questions comparing Minneapolis and Indianapolis.

Is Minneapolis or Indianapolis more expensive?

Minneapolis is more expensive overall. A single person needs approximately $3,699/mo in Minneapolis, Minnesota and $3,076/mo in Indianapolis, Indiana, a difference of about 20%.

What is the rent difference between Minneapolis and Indianapolis?

Average one-bedroom rent in Minneapolis, Minnesota is $1,381/mo versus $1,097/mo in Indianapolis, Indiana. Minneapolis is approximately $284 (26%) more expensive for a one-bedroom apartment.

Which has higher income, Minneapolis or Indianapolis?

Minneapolis has the higher average household income. Minneapolis households earn approximately $96,339 per year; Indianapolis households earn approximately $63,450 per year.

More on Minneapolis and Indianapolis

Read full profiles for either area, or pick a different pair to compare.

Minneapolis profile Indianapolis profile Compare different areas

About this data

Figures come from official U.S. government sources including the Census Bureau (ACS), HUD Fair Market Rents, and the Energy Information Administration. See our methodology for details.