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Side-by-side comparison

Minneapolis vs New York City

Cost of living comparison for Minneapolis, Minnesota and New York City, New York.

Bottom line

New York City is approximately 44% more expensive than Minneapolis. A single person needs about $5,319/mo in New York City versus $3,699/mo in Minneapolis.

Rent in Minneapolis vs New York City

HUD Fair Market Rents by bedroom count.

Minneapolis · Studio
$1,220
New York City · Studio
$2,406
New York City is $1,186 (97%) higher than Minneapolis
Minneapolis · 1 bedroom
$1,381
New York City · 1 bedroom
$2,511
New York City is $1,130 (82%) higher than Minneapolis
Minneapolis · 2 bedroom
$1,685
New York City · 2 bedroom
$2,780
New York City is $1,095 (65%) higher than Minneapolis
Minneapolis · 3 bedroom
$2,244
New York City · 3 bedroom
$3,465
New York City is $1,221 (54%) higher than Minneapolis

Income & earnings in Minneapolis vs New York City

Annual figures from Census ACS.

Minneapolis · Household income
$96,339
New York City · Household income
$104,553
New York City is $8,214 (9%) higher than Minneapolis
Minneapolis · Individual earnings
$55,015
New York City · Individual earnings
$75,255
New York City is $20,240 (37%) higher than Minneapolis
Minneapolis · Per capita
$57,633
New York City · Per capita
$94,922
New York City is $37,289 (65%) higher than Minneapolis

Home values in Minneapolis vs New York City

Average values and property tax.

Minneapolis · Average home value
$376,500
New York City · Average home value
$1,108,900
New York City is $732,400 (195%) higher than Minneapolis
Minneapolis · Annual property tax
$4,337
New York City · Annual property tax
$10,001
New York City is $5,664 (131%) higher than Minneapolis

Energy in Minneapolis vs New York City

Estimated monthly electricity and gas.

Minneapolis · Monthly electricity
$124
New York City · Monthly electricity
$140
New York City is $16 (13%) higher than Minneapolis
Minneapolis · Monthly gas
$63
New York City · Monthly gas
$68
New York City is $5 (8%) higher than Minneapolis
Minneapolis · Annual total
$2,244
New York City · Annual total
$2,496
New York City is $252 (11%) higher than Minneapolis

Healthcare in Minneapolis vs New York City

Marketplace premium estimates and coverage rate.

Minneapolis · Individual premium
$480
New York City · Individual premium
$480
Minneapolis and New York City are about the same
Minneapolis · Family premium
$1,350
New York City · Family premium
$1,350
Minneapolis and New York City are about the same
Minneapolis · Uninsured rate
4.5%
New York City · Uninsured rate
4.3%
Minneapolis is 0.2% (5%) higher than New York City

Taxes in Minneapolis vs New York City

State income and sales tax.

Minneapolis · State income tax
9.8%
New York City · State income tax
10.9%
New York City is 1.1% (11%) higher than Minneapolis
Minneapolis · State sales tax
6.9%
New York City · State sales tax
4.0%
Minneapolis is 2.9% (72%) higher than New York City
Minneapolis · Combined sales tax
7.5%
New York City · Combined sales tax
8.5%
New York City is 1.0% (13%) higher than Minneapolis

Transportation in Minneapolis vs New York City

Commute time and travel modes.

Minneapolis · Average commute
22.4 min
New York City · Average commute
31.4 min
New York City is 9.0 min (40%) higher than Minneapolis
Minneapolis · Drive alone
62.1%
New York City · Drive alone
5.7%
Minneapolis is 56.4% (989%) higher than New York City
Minneapolis · Public transit
4.0%
New York City · Public transit
45.5%
New York City is 41.5% (1038%) higher than Minneapolis

Monthly cost estimates in Minneapolis vs New York City

All categories combined.

Minneapolis · Single person
$3,699
New York City · Single person
$5,319
New York City is $1,620 (44%) higher than Minneapolis
Minneapolis · Couple
$5,503
New York City · Couple
$6,684
New York City is $1,181 (21%) higher than Minneapolis
Minneapolis · Family
$8,206
New York City · Family
$9,554
New York City is $1,348 (16%) higher than Minneapolis

Frequently asked questions

Common questions comparing Minneapolis and New York City.

Is Minneapolis or New York City more expensive?

New York City is more expensive overall. A single person needs approximately $3,699/mo in Minneapolis, Minnesota and $5,319/mo in New York City, New York, a difference of about 44%.

What is the rent difference between Minneapolis and New York City?

Average one-bedroom rent in Minneapolis, Minnesota is $1,381/mo versus $2,511/mo in New York City, New York. New York City is approximately $1,130 (82%) more expensive for a one-bedroom apartment.

Which has higher income, Minneapolis or New York City?

New York City has the higher average household income. Minneapolis households earn approximately $96,339 per year; New York City households earn approximately $104,553 per year.

More on Minneapolis and New York City

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

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.