Side-by-side cost of living comparison for 2026
Median Income: $64,231
Population: 429,954
Median Income: $49,127
Population: 1,603,797
When comparing Minneapolis and Philadelphia, the overall cost of living is remarkably similar. Philadelphia carries a cost index of 112 compared to Minneapolis's 110, meaning your dollar stretches 2% further in Minneapolis.
Housing is where the most significant gap appears between these two cities. Philadelphia has a housing index of 112 compared to Minneapolis's 118. This 6-point difference translates to substantial monthly savings on rent or mortgage payments in Philadelphia.
Minneapolis is more affordable for: Food & Groceries, Transportation, Healthcare, Utilities, Entertainment, Taxes.
Philadelphia is more affordable for: Housing.
If you earn $60,000 in Minneapolis, you would need $61,091 in Philadelphia to maintain the same standard of living. For a $100,000 salary, the equivalent would be $101,818.
The median household income in Minneapolis is $64,231 compared to $49,127 in Philadelphia. While Minneapolis has higher incomes, combined with lower costs, residents enjoy greater purchasing power.
Safety: Minneapolis scores 5/10 while Philadelphia scores 4/10 in our safety assessment.
Weather: Philadelphia enjoys better weather with a score of 5/10 versus Minneapolis's 2/10.
Job Market: Minneapolis's job market (8/10) is stronger than Philadelphia's (6/10).
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. Philadelphia may justify its higher costs with unique cultural amenities that many residents find worthwhile.
