What Are the Everyday Living Costs in Minneapolis, MN in 2024?
The average monthly cost of living in Minneapolis, MN is $4,082, which is 10% lower than the U.S. average ($4,521). The average monthly cost of rent is $1,705, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,376 per month.
Minneapolis, MN is ranked 212th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered as one of the expensive cities in which to live in the U.S.
Cost of Living (for Renters / Monthly)
Rent
$1,705
Utilities
$459
Transportation
$210
Groceries
$677
Other
$1,031
Total
$4,082
What Are the Everyday Living Costs in Minneapolis, MN in 2024?
The average monthly cost of living in Minneapolis, MN for singles is $2,699, which is 9% lower than the U.S. average ($2,956). The average monthly cost of rent for singles is $1,107, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $1,591 per month.
Minneapolis, MN is ranked 207th out of the 333 most populated cities in the U.S. for having the lowest cost of living for singles. Therefore, it is considered as one of the expensive cities for singles in which to live in the U.S.
Cost of Living (for Single Renters / Monthly)
Rent
$1,107
Utilities
$270
Transportation
$103
Groceries
$317
Other
$901
Total
$2,698
What Are the Everyday Living Costs in Minneapolis, MN in 2024?
The average monthly cost of living in Minneapolis, MN for couples is $4,027, which is 11% lower than the U.S. average ($4,519). The average monthly cost of rent for couples is $1,704, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,324 per month.
Minneapolis, MN is ranked 207th out of the 333 most populated cities in the U.S. for having the lowest cost of living for couples. Therefore, it is considered as one of the expensive cities for couples in which to live in the U.S.
Cost of Living (for Couple Renters / Monthly)
Rent
$1,704
Utilities
$450
Transportation
$206
Groceries
$635
Other
$1,033
Total
$4,028
What Are the Everyday Living Costs in Minneapolis, MN in 2024?
The average monthly cost of living in Minneapolis, MN for single parents is $3,989, which is 4% lower than the U.S. average ($4,172). The average monthly cost of rent for single parents is $1,704, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,285 per month.
Minneapolis, MN is ranked 217th out of the 333 most populated cities in the U.S. for having the lowest cost of living for single parents. Therefore, it is considered as one of the expensive cities for single parents in which to live in the U.S.
Cost of Living (for Single Parent Renters / Monthly)
Rent
$1,704
Utilities
$441
Transportation
$188
Groceries
$626
Other
$1,030
Total
$3,989
What Are the Everyday Living Costs in Minneapolis, MN in 2024?
The average monthly cost of living in Minneapolis, MN for families is $5,612, which is 12% lower than the U.S. average ($6,392). The average monthly cost of rent for families is $2,307, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $3,305 per month.
Minneapolis, MN is ranked 220th out of the 333 most populated cities in the U.S. for having the lowest cost of living for families. Therefore, it is considered as one of the expensive cities for families in which to live in the U.S.
Cost of Living (for Family Renters / Monthly)
Rent
$2,307
Utilities
$675
Transportation
$342
Groceries
$1,129
Other
$1,159
Total
$5,612
What Salary Do You Need to Live Comfortably in Minneapolis, MN in 2024?
Overall, on average, a gross annual salary of $66,344 is required for an average quality of life in Minneapolis, MN.
Is the Cost of Living High in Minneapolis, MN?
Minneapolis, MN is ranked 212th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the expensive cities in which to live in the U.S. Minneapolis, MN's average monthly rent is 19% lower than the U.S. average cost of rent.
Is $50,000 a Good Salary in Minneapolis, MN in 2024?
A gross annual salary of $50,000 in Minneapolis, MN will yield an average annual net salary of $43,016. Considering that the total average annual cost of living in Minneapolis, MN is $48,978, a gross annual salary of $50,000 will be insufficient to cover average living costs.
How Much Should You Pay for Rent in Minneapolis, MN?
The average monthly rent in Minneapolis, MN in the city center is $1,606 for a 1 bedroom apartment, $2,000 for a 2 bedroom apartment and $2,407 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $1,201 for a 1 bedroom apartment, $1,506 for a 2 bedroom apartment and $1,908 for a 3 bedroom apartment.