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Metropolitan Statistical Area

Cost of living in the Minneapolis Metro Area

15 counties across MN and WI. Population: 3,693,351.

Avg. 1-bed rent
$1,373/mo
Avg. household income
$98,841/yr
Avg. home value
$355,262
Avg. monthly cost
$3,686/mo

Last updated May 22, 2026

Rent in the Minneapolis Metro Area

Average rent across the Minneapolis-St. Paul-Bloomington metro area, weighted by county population.

Studio
$1,214
per month
1 bedroom
$1,373
per month
2 bedroom
$1,676
per month
3 bedroom
$2,232
per month
4 bedroom
$2,502
per month

Source: HUD FMR + ACS (population-weighted metro average)

Income and earnings in the Minneapolis Metro Area

Earnings data averaged across all 15 counties.

Household income
$98,841
per year
Individual earnings
$54,032
per year
Per capita
$51,500
per year

Source: ACS (population-weighted metro average)

Home values in the Minneapolis Metro Area

Average home values and annual property tax across the metro.

Average home value
$355,262
Average annual property tax
$3,899

Source: ACS (population-weighted metro average)

Energy costs in the Minneapolis Metro Area

Residential electricity and natural gas estimates.

Monthly electricity
$124
per month
Monthly gas
$63
per month
Annual total
$2,240
per year

Source: EIA (state averages applied per county, weighted)

All 15 counties in the Minneapolis Metro Area

The Minneapolis-St. Paul-Bloomington metro area includes 15 counties across MN and WI. Sorted by population.

Compare counties in the Minneapolis Metro Area

Put two counties side by side to see how rent, taxes and everyday costs stack up across the metro.

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Frequently asked questions about the Minneapolis Metro Area

Common questions about cost of living in the metro area.

What is the cost of living in the Minneapolis Metro Area?

The estimated average cost of living in the Minneapolis-St. Paul-Bloomington metro area is approximately $3,686 per month for a single person. This is a population-weighted average across the 15 counties that make up the metro area.

What is the average rent in the Minneapolis Metro Area?

The average one-bedroom rent across the Minneapolis-St. Paul-Bloomington metro area is $1,373 per month, based on HUD Fair Market Rent data weighted by county population.

What is the cheapest county in the Minneapolis Metro Area?

Mille Lacs County, MN is the most affordable county in the Minneapolis-St. Paul-Bloomington metro area at approximately $2,919 per month for a single person.

What is the most expensive county in the Minneapolis Metro Area?

Carver County, MN is the most expensive county in the Minneapolis-St. Paul-Bloomington metro area at approximately $3,880 per month for a single person.

How many counties are in the Minneapolis Metro Area?

The Minneapolis-St. Paul-Bloomington metro area covers 15 counties across MN and WI. The five largest by population are Minneapolis, Saint Paul, Dakota County, Anoka, Washington County.

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About this data

All figures come from official U.S. government sources. Metro-area averages are population-weighted across constituent counties using Census ACS population estimates.