Find out the average cost of living in Minneapolis, including housing, transportation, and other expenses. Understand how the cost of living compares to other cities and determine if Minneapolis is an affordable place to live.
The average cost of living in Minneapolis is relatively high compared to the national average. Housing is the biggest expense, with the median home price in Minneapolis being higher than the national average. Other factors that contribute to the cost of living include transportation, healthcare, utilities, and groceries. Additionally, Minneapolis has a higher sales tax rate compared to many other cities in the United States.