Side-by-side cost of living comparison for 2026
Median Income: $64,231
Population: 429,954
Median Income: $75,413
Population: 978,908
When comparing Minneapolis and Austin, the overall cost of living is remarkably similar. Minneapolis carries a cost index of 110 compared to Austin's 108, meaning your dollar stretches 2% further in Austin.
Housing is where the most significant gap appears between these two cities. Minneapolis has a housing index of 118 compared to Austin's 120. This 2-point difference translates to substantial monthly savings on rent or mortgage payments in Minneapolis.
Minneapolis is more affordable for: Housing, Utilities, Entertainment.
Austin is more affordable for: Food & Groceries, Transportation, Healthcare, Taxes.
If you earn $60,000 in Minneapolis, you would need $58,909 in Austin to maintain the same standard of living. For a $100,000 salary, the equivalent would be $98,182.
The median household income in Minneapolis is $64,231 compared to $75,413 in Austin. Austin has higher incomes, along with competitive costs, giving residents strong purchasing power.
Safety: Minneapolis scores 5/10 while Austin scores 7/10 in our safety assessment.
Weather: Austin enjoys better weather with a score of 6/10 versus Minneapolis's 2/10.
Job Market: Austin has the stronger job market (9/10) compared to Minneapolis (8/10).
Austin is the more affordable option overall, but cost is just one factor in deciding where to live. Consider your career opportunities, family needs, and lifestyle preferences alongside the financial comparison. Minneapolis may justify its higher costs with a thriving job market that many residents find worthwhile.
