Side-by-side comparison

Minneapolis vs Charlotte

Cost of living comparison for Minneapolis, Minnesota and Charlotte, North Carolina.

Bottom line

Charlotte is approximately 2% more expensive than Minneapolis. A single person needs about $3,767/mo in Charlotte versus $3,699/mo in Minneapolis.

Rent in Minneapolis vs Charlotte

HUD Fair Market Rents by bedroom count.

Minneapolis · Studio

$1,220

Charlotte · Studio

$1,586

Charlotte is $366 (30%) higher than Minneapolis

Minneapolis · 1 bedroom

$1,381

Charlotte · 1 bedroom

$1,647

Charlotte is $266 (19%) higher than Minneapolis

Minneapolis · 2 bedroom

$1,685

Charlotte · 2 bedroom

$1,824

Charlotte is $139 (8%) higher than Minneapolis

Minneapolis · 3 bedroom

$2,244

Charlotte · 3 bedroom

$2,250

Charlotte is $6 (0%) higher than Minneapolis

Income & earnings in Minneapolis vs Charlotte

Annual figures from Census ACS.

Minneapolis · Household income

$96,339

Charlotte · Household income

$83,765

Minneapolis is $12,574 (15%) higher than Charlotte

Minneapolis · Individual earnings

$55,015

Charlotte · Individual earnings

$48,997

Minneapolis is $6,018 (12%) higher than Charlotte

Minneapolis · Per capita

$57,633

Charlotte · Per capita

$51,490

Minneapolis is $6,143 (12%) higher than Charlotte

Home values in Minneapolis vs Charlotte

Average values and property tax.

Minneapolis · Average home value

$376,500

Charlotte · Average home value

$371,200

Minneapolis is $5,300 (1%) higher than Charlotte

Minneapolis · Annual property tax

$4,337

Charlotte · Annual property tax

$2,780

Minneapolis is $1,557 (56%) higher than Charlotte

Energy in Minneapolis vs Charlotte

Estimated monthly electricity and gas.

Minneapolis · Monthly electricity

$124

Charlotte · Monthly electricity

$147

Charlotte is $23 (19%) higher than Minneapolis

Minneapolis · Monthly gas

$63

Charlotte · Monthly gas

$40

Minneapolis is $23 (57%) higher than Charlotte

Minneapolis · Annual total

$2,244

Charlotte · Annual total

$2,244

Minneapolis and Charlotte are about the same

Healthcare in Minneapolis vs Charlotte

Marketplace premium estimates and coverage rate.

Minneapolis · Individual premium

$480

Charlotte · Individual premium

$480

Minneapolis and Charlotte are about the same

Minneapolis · Family premium

$1,350

Charlotte · Family premium

$1,350

Minneapolis and Charlotte are about the same

Minneapolis · Uninsured rate

4.5%

Charlotte · Uninsured rate

11.6%

Charlotte is 7.1% (158%) higher than Minneapolis

Taxes in Minneapolis vs Charlotte

State income and sales tax.

Minneapolis · State income tax

9.8%

Charlotte · State income tax

4.5%

Minneapolis is 5.3% (119%) higher than Charlotte

Minneapolis · State sales tax

6.9%

Charlotte · State sales tax

4.8%

Minneapolis is 2.1% (45%) higher than Charlotte

Minneapolis · Combined sales tax

7.5%

Charlotte · Combined sales tax

7.0%

Minneapolis is 0.5% (8%) higher than Charlotte

Transportation in Minneapolis vs Charlotte

Commute time and travel modes.

Minneapolis · Average commute

22.4 min

Charlotte · Average commute

25.4 min

Charlotte is 3.0 min (13%) higher than Minneapolis

Minneapolis · Drive alone

62.1%

Charlotte · Drive alone

61.9%

Minneapolis is 0.2% (0%) higher than Charlotte

Minneapolis · Public transit

4.0%

Charlotte · Public transit

1.9%

Minneapolis is 2.1% (111%) higher than Charlotte

Monthly cost estimates in Minneapolis vs Charlotte

All categories combined.

Minneapolis · Single person

$3,699

Charlotte · Single person

$3,767

Charlotte is $68 (2%) higher than Minneapolis

Minneapolis · Couple

$5,503

Charlotte · Couple

$5,224

Minneapolis is $279 (5%) higher than Charlotte

Minneapolis · Family

$8,206

Charlotte · Family

$7,782

Minneapolis is $424 (5%) higher than Charlotte

Frequently asked questions

Common questions comparing Minneapolis and Charlotte.

Is Minneapolis or Charlotte more expensive?

Charlotte is more expensive overall. A single person needs approximately $3,699/mo in Minneapolis, Minnesota and $3,767/mo in Charlotte, North Carolina, a difference of about 2%.

What is the rent difference between Minneapolis and Charlotte?

Average one-bedroom rent in Minneapolis, Minnesota is $1,381/mo versus $1,647/mo in Charlotte, North Carolina. Charlotte is approximately $266 (19%) more expensive for a one-bedroom apartment.

Which has higher income, Minneapolis or Charlotte?

Minneapolis has the higher average household income. Minneapolis households earn approximately $96,339 per year; Charlotte households earn approximately $83,765 per year.

More on Minneapolis and Charlotte

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

Minneapolis profile Charlotte 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.