Minneapolis, MN vs New York, NY
Cost of Living Comparison
Minneapolis, MN is more affordable by 7.7 index points
Side-by-Side Comparison
| Category | Minneapolis, MN | New York, NY | Difference |
|---|---|---|---|
| Overall | 104.8 | 112.6 | -7.7 |
| Housing | 111.8 | 148.6 | -36.8 |
| Goods | 103.1 | 110.3 | -7.2 |
| Utilities | 93.5 | 127.0 | -33.5 |
| Other Services | 104.4 | 105.8 | -1.4 |
Income & Housing Comparison
| Metric | Minneapolis, MN | New York, NY |
|---|---|---|
| Median Household Income | $94,673 | $93,610 |
| Median Home Value | $334,200 | $553,500 |
| Median Monthly Rent | $1,324 | $1,711 |
| Per Capita Income | $49,334 | $52,011 |
Frequently Asked Questions
Is Minneapolis, MN or New York, NY cheaper to live in?
Minneapolis, MN is more affordable. The cost of living difference is 7.7 index points (Minneapolis, MN: 104.8, New York, NY: 112.6).
Where is housing cheaper, Minneapolis, MN or New York, NY?
Housing is more affordable in Minneapolis, MN. Housing index: Minneapolis, MN (111.8) vs New York, NY (148.6).