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Cost of Living in Minneapolis, MN, United States

Minneapolis is part of the Twin Cities of Minneapolis-Saint Paul. It’s also the largest city in Minnesot, counting over 400,000 people.

Minnesota is also known for its very harsh weather. It offers two extremes for sure, bitter cold winters but at the same time 4 to 6 months of mild to warm summers.

There are many attributes to living in Minneapolis and one of them is the diverse arts scene.

The four main lakes in the city are all easily accessible, and have great facilities for everything from sailing, swimming, paddle boats, fishing, etc.

Restaurants

RESTAURANTS

There are lots of great restaurants in Minneapolis, and a thriving foodie scene. The food and restaurant options in town are amazing and you could say their best restaurants are on the same level as any other city in the western hemisphere. The prices are relatively the same as anywhere else in America: a delicious meal in an inexpensive restaurant will cost you around 15$.

Markets

MARKETS

Indian, East Asian, Latino, African and middle eastern grocery stores can be found scattered all around the city. Groceries, in general, are cheap, and there are all the regular supermarkets as in other cities. Whole Foods is more expensive, as per usual, but it’s still cheaper than eating out all the time.

Transportation

TRANSPORTATION

Public transportation is not very good in Minneapolis so you will probably need a car. The routes and fares are confusing to non-natives and rather complicated. The Metro Transit web site, however, is easier to understand. Biking in Minneapolis is a legitimate means of transportation in Minneapolis and a huge deal. Over the years, the city has invested heavily in bike trails, lanes and “bicycle boulevards,” and a huge number of citizens uses bicycles to get around.

Utilities

UTILITIES (MONTHLY)

Utilities are not too expensive in Minneapolis, if you look at the price of all included utilities for an apartment of a larger structure (85m2): for such an apartment, all basic utilities – including electricity, along with heating and cooling, water, gas and garbage services – costs around 140$. Internet is pretty pricey though, amounting up to almost 60$.

Sports and leisure

SPORTS & LEISURE

The city has an amazing park system and you can get just about anywhere on a bikepath/dedicated bike lane. The city offers amazing areas to exercise and great air quality like no other city, so you can exercise outdoors for free all the time! If that’s not your cup of tea, you can pay for a gym, but it is rather expensive: over 50$ a month.

Clothing and shoes

CLOTHING & SHOES

In Uptown area, you’ll find all kinds of retailers and shops, and there are also many, many malls. If you’re looking for one in the city center, Nicollet Mall is a pedestrian mall right in the heart of downtown. Generally speaking, though, the prices of clothing are reasonable: quality jeans cost around 40$ and quality sneakers around 75$.

Rent per month

RENT PER MONTH

Minneapolis is the #39th most expensive city in America if we’re looking at prices for a one-bedroom apartment, offering them at 910$ and 38th most expensive for a two-bedroom apartment at 1,140$. It’s more expensive to live here than in Dallas or Knoxville, but you can buy a house with a yard for a lot less than Seattle or Chicago.

Cost of Living Averages Table for Minneapolis, MN

Average Restaurant Prices
Meal (Inexpensive Restaurant) $ 15.00
Domestic Beer (0.5 Liter) $ 5.00
Water (0.33 Liter) $ 1.32
Average Market Prices
Milk (1 Liter) $ 0.69
Loaf Bread (500g) $ 2.86
Eggs (12) $ 1.67
Average Transport Prices
One Way Ticket $ 2.25
Monthly Pass $ 88.00
Gasoline $ 0.70
Average Utilities Prices
Basic (Water, Electricity, Garbage, Heating, Cooling) $ 137.31
1 min. of Prepaid Mobile Tariff Local $ 0.22
Internet (Unlimited Data, Cable/ADSL) $ 58.96
Average Leisure Prices
Fitness Club, Monthly Fee for 1 Adult $ 53.14
Tennis Court Rent (1 Hour) $ 14.43
Cinema, 1 Seat, International Release $ 12.00
Average Clothing Prices
1 Pair of Jeans (Levis 501 Or Comparable) $ 47.83
1 Summer Dress in a Chain Store (Zara, etc...) $ 36.10
1 Pair of Adidas Walking Shoes (Mid-Range) $ 75.00
Average Rent Prices
Apartment (1 bedroom) in City Center $ 1431.96
Apartment (1 bedroom) Outside of Center $ 1072.83
Apartment (3 bedrooms) in City Center $ 2920.00

How Does the Average Person Spend Their Money in Minneapolis, MN?

Rent is, without a doubt, the biggest expense of anyone living in Minneapolis, along with food.

With almost 40% of one’s entire income being spent on rent, it is definitely one of the most expensive aspects of living in this city, if not the most expensive one.

Food and groceries take up the second place of all expenses.

Apart from food and rent, people spend a lot of money on transportation and restaurants, and though among lesser expenses – utilities are also a noticeable financial burden for an average person living in Minneapolis.

13%
29%
9%
5.5%
4.9%
2%
36.7%
Restaurants
Markets
Transportation
Utilities (Monthly)
Sports & Leisure
Clothing & Shoes
Rent Per Month

Minneapolis, MN: Average Salary, Minimum Wage & Mortgages

There’s an outstanding and robust job market in the city of Minneapolis.

It’s home to a lot of Fortune 100 companies and the job market is usually in pretty good shape.

The minimum wage of Minneapolis that amounts to around 1900$ is still a reasonable amount of money that just goes in line with the high standard of the United States, especially taking into consideration that the prices here are lower than the country’s average.

If you’re planning on going to Minneapolis for a period of time, it would be best to bring around 2000$ which would cover your basic expenses.

Average Salary$ 3571.80
Minimum Wage$ 1950.00
Mortgage Interest Rate4.20%

Cost of Living by City in United States

*Click the name of the city for more information.

City Cost of Living Index
Albany, NY 79.38
Albuquerque, NM 64.32
Anchorage, AK 93.19
Ann Arbor, MI 67.06
Arlington, TX 69.07
Asheville, NC 71.52
Atlanta, GA 72.05
Austin, TX 70.49
Bakersfield, CA 67.11
Baltimore, MD 73.85
Bellevue, WA 85.97
Bellingham, WA 72.14
Berkeley, CA 84.09
Birmingham, AL 71.87
Boise, ID 59.43
Boston, MA 80.46
Boulder, CO 77.16
Brooklyn, NY 90.31
Buffalo, NY 70.59
Burlington, VT 76.11
Charleston, SC 86.87
Charlotte, NC 73.33
Chattanooga, TN 63.28
Chicago, IL 77.33
Cincinnati, OH 62.65
Cleveland, OH 69.65
Columbia, SC 66.23
Columbus, OH 66.9
Dallas, TX 64.32
Dayton, OH 65.84
Denver, CO 72.02
Des Moines, IA 62.21
Detroit, MI 62.77
El Paso, TX 59.37
Eugene, OR 72.46
Everett, WA 74.36
Fayetteville, AR 64.84
Fort Myers, FL 71.5
Fort Wayne, IN 65.88
Fort Worth, TX 65.19
Fresno, CA 63.25
Gainesville, FL 63.62
Grand Rapids, MI 63.47
Greensboro, NC 64.46
Hartford, CT 79.85
Honolulu, HI 93.72
Houston, TX 62.16
Huntsville, AL 59.8
Indianapolis, IN 70.79
Irvine, CA 78.38
Jacksonville, FL 70.62
Jersey City, NJ 84.08
Kansas City, MO 65.74
Knoxville, TN 60.97
Las Vegas, NV 66.98
Lexington, KY 59.64
Little Rock, AR 60.31
Long Beach, CA 77.95
Los Angeles, CA 77.66
Louisville, KY 60.24
Lubbock, TX 62.4
Madison, WI 63.3
Memphis, TN 66.49
Miami, FL 75.83
Milwaukee, WI 68.81
Minneapolis, MN 72.93
Nashville, TN 68.78
New Orleans, LA 73.61
New York, NY 100
Oakland, CA 81.18
Oklahoma City, OK 61.72
Olympia, WA 70.57
Orlando, FL 70.18
Peoria, IL 69.84
Philadelphia, PA 79.25
Phoenix, AZ 64.31
Pittsburgh, PA 76.04
Portland, ME 74.81
Portland, OR 74.17
Raleigh, NC 69.18
Reno, NV 59.84
Richmond, VA 64.56
Rochester, NY 70.25
Sacramento, CA 75.54
Saint Louis, MO 69.02
Saint Paul, MN 71.94
Saint Petersburg, FL 70.49
Salem, OR 66.04
Salt Lake City, UT 62.94
San Antonio, TX 58.12
San Diego, CA 72.29
San Francisco, CA 96.88
San Jose, CA 76.28
Santa Barbara, CA 75.55
Santa Rosa, CA 88.27
Seattle, WA 85.51
Spokane, WA 66.6
Springfield, MO 60.56
Syracuse, NY 67.55
Tacoma, WA 74.21
Tallahassee, FL 67.24
Tampa, FL 68.61
Toledo, OH 60.35
Tucson, AZ 63.35
Tulsa, OK 62.67
Vancouver, WA 60.46
Virginia Beach, VA 67.86
Washington, DC 88.5
West Palm Beach, FL 74.79
Wichita, KS 63.18

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