Side-by-side comparison

Minneapolis vs Austin

Cost of living comparison for Minneapolis, Minnesota and Austin, Texas.

Bottom line

Austin is approximately 0% more expensive than Minneapolis. A single person needs about $3,706/mo in Austin versus $3,699/mo in Minneapolis.

Rent in Minneapolis vs Austin

HUD Fair Market Rents by bedroom count.

Minneapolis · Studio

$1,220

Austin · Studio

$1,549

Austin is $329 (27%) higher than Minneapolis

Minneapolis · 1 bedroom

$1,381

Austin · 1 bedroom

$1,650

Austin is $269 (19%) higher than Minneapolis

Minneapolis · 2 bedroom

$1,685

Austin · 2 bedroom

$1,949

Austin is $264 (16%) higher than Minneapolis

Minneapolis · 3 bedroom

$2,244

Austin · 3 bedroom

$2,484

Austin is $240 (11%) higher than Minneapolis

Income & earnings in Minneapolis vs Austin

Annual figures from Census ACS.

Minneapolis · Household income

$96,339

Austin · Household income

$97,169

Austin is $830 (1%) higher than Minneapolis

Minneapolis · Individual earnings

$55,015

Austin · Individual earnings

$55,186

Austin is $171 (0%) higher than Minneapolis

Minneapolis · Per capita

$57,633

Austin · Per capita

$59,289

Austin is $1,656 (3%) higher than Minneapolis

Home values in Minneapolis vs Austin

Average values and property tax.

Minneapolis · Average home value

$376,500

Austin · Average home value

$487,600

Austin is $111,100 (30%) higher than Minneapolis

Minneapolis · Annual property tax

$4,337

Austin · Annual property tax

$7,487

Austin is $3,150 (73%) higher than Minneapolis

Energy in Minneapolis vs Austin

Estimated monthly electricity and gas.

Minneapolis · Monthly electricity

$124

Austin · Monthly electricity

$167

Austin is $43 (35%) higher than Minneapolis

Minneapolis · Monthly gas

$63

Austin · Monthly gas

$32

Minneapolis is $31 (97%) higher than Austin

Minneapolis · Annual total

$2,244

Austin · Annual total

$2,388

Austin is $144 (6%) higher than Minneapolis

Healthcare in Minneapolis vs Austin

Marketplace premium estimates and coverage rate.

Minneapolis · Individual premium

$480

Austin · Individual premium

$480

Minneapolis and Austin are about the same

Minneapolis · Family premium

$1,350

Austin · Family premium

$1,350

Minneapolis and Austin are about the same

Minneapolis · Uninsured rate

4.5%

Austin · Uninsured rate

12.2%

Austin is 7.7% (171%) higher than Minneapolis

Taxes in Minneapolis vs Austin

State income and sales tax.

Minneapolis · State income tax

9.8%

Austin · State income tax

0.0%

Minneapolis is 9.8% higher than Austin

Minneapolis · State sales tax

6.9%

Austin · State sales tax

6.3%

Minneapolis is 0.6% (10%) higher than Austin

Minneapolis · Combined sales tax

7.5%

Austin · Combined sales tax

8.2%

Austin is 0.7% (9%) higher than Minneapolis

Transportation in Minneapolis vs Austin

Commute time and travel modes.

Minneapolis · Average commute

22.4 min

Austin · Average commute

25.4 min

Austin is 3.0 min (13%) higher than Minneapolis

Minneapolis · Drive alone

62.1%

Austin · Drive alone

59.7%

Minneapolis is 2.4% (4%) higher than Austin

Minneapolis · Public transit

4.0%

Austin · Public transit

1.7%

Minneapolis is 2.3% (135%) higher than Austin

Monthly cost estimates in Minneapolis vs Austin

All categories combined.

Minneapolis · Single person

$3,699

Austin · Single person

$3,706

Austin is $7 (0%) higher than Minneapolis

Minneapolis · Couple

$5,503

Austin · Couple

$5,280

Minneapolis is $223 (4%) higher than Austin

Minneapolis · Family

$8,206

Austin · Family

$7,957

Minneapolis is $249 (3%) higher than Austin

Frequently asked questions

Common questions comparing Minneapolis and Austin.

Is Minneapolis or Austin more expensive?

Austin is more expensive overall. A single person needs approximately $3,699/mo in Minneapolis, Minnesota and $3,706/mo in Austin, Texas, a difference of about 0%.

What is the rent difference between Minneapolis and Austin?

Average one-bedroom rent in Minneapolis, Minnesota is $1,381/mo versus $1,650/mo in Austin, Texas. Austin is approximately $269 (19%) more expensive for a one-bedroom apartment.

Which has higher income, Minneapolis or Austin?

Austin has the higher average household income. Minneapolis households earn approximately $96,339 per year; Austin households earn approximately $97,169 per year.

More on Minneapolis and Austin

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

Minneapolis profile Austin 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.