Cost of Living / Minneapolis, MN Metro
Cost of Living in Minneapolis, MN Metro
Official metro name: Minneapolis-St. Paul-Bloomington, MN-WI Metro Area
Minneapolis, MN Metro has a population of 3,678,328. Median household income is $94,673 and median rent is $1,324 per month. Rent is roughly 16.8% of median monthly income.
State: MNPopulation: 3,678,328Income: $94,673Rent: $1,324Affordability: Affordable (16.8%)
Median Household Income
$94,673
Annual (ACS median)
Median Rent
$1,324
Monthly (ACS median gross rent)
Rent as % of Income
16.8%
rent ÷ (income/12)
Cost Index
126
Simplified relative index
Is Minneapolis, MN Metro expensive?
Based on median rent and income, Minneapolis, MN Metro has a Affordable rent burden. Median rent is $1,324, which is about 16.8% of median monthly household income.
Average rent in Minneapolis, MN Metro
Median rent (ACS) is $1,324 per month. (Neighborhoods vary widely.)
How much income do you need in Minneapolis, MN Metro?
Median household income (ACS) is $94,673 per year. Housing costs take a bigger share of income when rent burden is high.
Other metros in MN
Compare Minneapolis, MN Metro with nearby metros:
Data sources
- US Census Bureau American Community Survey (ACS).
- Affordability metric: median rent ÷ (median household income / 12).
- Figures are metro-level medians; local variation is expected.