Cost of living, Minneapolis
104.8
BEA Regional Price Parity vs US average of 100 (2024). Minneapolis sits about 4.8% above national prices.
BLS OEWS median, May 2025, as of May 15, 2026. BEA RPP all-items, 2024. Disclaimer
- vs US
- +4.8%
- Metro
- Minneapolis
- CBSA
- 33460
Minneapolis all-items RPP is 104.8 (2024), about 4.8% above US-average prices. A $90,000 salary at national prices maps to about $94,320 here for equal purchasing power.
Price components in Minneapolis
| Component | Minneapolis | US |
|---|---|---|
| All items | 104.8 | 100 |
| Goods | 103.1 | 100 |
| Housing (rents) | 111.8 | 100 |
| Other services | 104.4 | 100 |
BEA Regional Price Parities 2024, US = 100.
What a US-average salary buys in Minneapolis
| At US average | In Minneapolis |
|---|---|
| $60,000 | $62,880 |
| $90,000 | $94,320 |
| $150,000 | $157,200 |
Local equivalent = national salary × (104.8 ÷ 100). BEA RPP 2024.
Top wages here
FAQ
- What is the cost of living in Minneapolis?
- The BEA Regional Price Parity (all items, 2024) for Minneapolis-St. Paul-Bloomington, MN-WI is 104.8, versus a US average of 100 (+4.8%).
- How is RPP different from CPI?
- CPI tracks price change over time. RPP compares price levels across places in a given year versus the national average of 100. PayByCity uses RPP for cross-metro purchasing power, including goods, housing rents, and other services components.
- How should I use this with OEWS wages?
- Pair local BLS OEWS medians (May 2025) with this RPP. A $90,000 salary at US-average prices maps to about $94,320 in Minneapolis for equal purchasing power.
- Does this include taxes or housing alone?
- No. All-items RPP is a broad price-level index. Component indexes show goods, rents, and other services separately, but this is not a rent quote, tax estimate, or household budget.
What this covers
Includes
- BEA Regional Price Parities (all items, goods, housing rents, other services)
- BLS OEWS median wages, percentile bands, and employment where published
- Purchasing-power math: salary × (destination RPP ÷ origin RPP)
Does not include
- Federal, state, or local income taxes
- Childcare, healthcare premiums, or leave benefits
- Job openings. OEWS employment is a published stock estimate, not hiring demand
Highest wages here
- Physicians, All Other , 3,690 OEWS emp. $378,730
- Chief Executives , 4,500 OEWS emp. $209,980
- Computer and Information Systems Managers , 8,780 OEWS emp. $178,080
- Architectural and Engineering Managers , 3,820 OEWS emp. $174,510
- Marketing Managers , 6,480 OEWS emp. $173,040
- Financial Managers , 12,460 OEWS emp. $165,620
See methodology and disclaimer.