Side-by-side cost of living comparison for 2026
Median Income: $64,231
Population: 429,954
Median Income: $74,694
Population: 8,336,817
When comparing Minneapolis and New York City, the overall cost of living differs by 70%. New York City carries a cost index of 187 compared to Minneapolis's 110, meaning your dollar stretches 41% further in Minneapolis.
Housing is where the most significant gap appears between these two cities. Minneapolis has a housing index of 118 compared to New York City's 238. This 120-point difference translates to substantial monthly savings on rent or mortgage payments in Minneapolis.
Minneapolis is more affordable for: Housing, Food & Groceries, Transportation, Healthcare, Utilities, Entertainment, Taxes.
If you earn $60,000 in Minneapolis, you would need $102,000 in New York City to maintain the same standard of living. For a $100,000 salary, the equivalent would be $170,000.
The median household income in Minneapolis is $64,231 compared to $74,694 in New York City. New York City has higher incomes, though the higher cost of living may offset this advantage.
Safety: Minneapolis scores 5/10 while New York City scores 5/10 in our safety assessment.
Weather: New York City enjoys better weather with a score of 5/10 versus Minneapolis's 2/10.
Job Market: New York City has the stronger job market (9/10) compared to Minneapolis (8/10).
Minneapolis 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. New York City may justify its higher costs with a thriving job market that many residents find worthwhile.
