Minneapolis-St. Paul-Bloomington cost of living
Prices in the Minneapolis-St. Paul-Bloomington, MN-WI metro area run at 104.8 against a national average of 100, ranking it #31 of 387 metros. Rents there sit at 111.8.
What drives the number
Prices in Minneapolis-St. Paul-Bloomington run at 104.8 where the national average is 100, so about 4.8 per cent above the country as a whole. It ranks #31 of 387 metro areas. Against Minnesota as a whole it is 6.2 points more expensive, which is the usual direction: cities cost more than the states around them.
The parts move together here rather than pulling against each other: goods at 103.1, rents at 111.8, other services at 93.5. That is less common than it sounds. In most places rents sit well away from the other two, and the overall figure is really a housing figure in disguise.
A salary offer here is worth less than the same offer somewhere at 100, and the parity is the arithmetic that says by how much. Divide the offer by 104.8 and multiply by 100 to get the nationally comparable figure.
The vertical line is the national average of 100. Source: U.S. Bureau of Economic Analysis, Regional Price Parities, SARPP, 2024.
What the biggest local jobs are really worth
The same pay buys different amounts in different places, so a salary quoted in Minneapolis-St. Paul-Bloomington is not comparable to one quoted elsewhere until it is divided by the local parity. These are the occupations that employ the most people here, with the quoted median alongside what that median is worth at national prices.
| Occupation | Employed | Median pay | Worth nationally | U.S. median |
|---|---|---|---|---|
| Home Health and Personal Care Aides | 86,260 | $36,150 | $34,494 | $34,900 |
| Retail Salespersons | 47,320 | $35,600 | $33,969 | $34,580 |
| General and Operations Managers | 47,000 | $101,970 | $97,300 | $102,950 |
| Customer Service Representatives | 42,840 | $48,030 | $45,830 | $42,830 |
| Registered Nurses | 40,510 | $102,240 | $97,557 | $93,600 |
| Laborers and Freight, Stock, and Material Movers, Hand | 37,410 | $46,300 | $44,179 | $38,940 |
| Fast Food and Counter Workers | 37,380 | $34,620 | $33,034 | $30,480 |
| Office Clerks, General | 35,890 | $47,860 | $45,668 | $43,630 |
Pay from the BLS metro survey, adjusted by dividing by the metro parity of 104.8.
Nearby metro areas
| Metro area | All items | Rents | Rank |
|---|---|---|---|
| Kenosha | 101.1 | 95.8 | #66 |
| Madison | 97.3 | 99.7 | #123 |
| Milwaukee-Waukesha | 96.9 | 97.1 | #130 |
| Racine-Mount Pleasant | 96.0 | 92.0 | #145 |
| Sheboygan | 94.0 | 80.5 | #181 |
| Janesville-Beloit | 93.7 | 79.6 | #190 |
Minneapolis-St. Paul-Bloomington: common questions
Is Minneapolis-St. Paul-Bloomington expensive?
Prices are 4.8% above the national average, a parity of 104.8 where the country is 100. It ranks #31 of the 387 metro areas BEA measures. Against Minnesota as a whole it is 6.2 points more expensive.
What salary do you need in Minneapolis-St. Paul-Bloomington?
The median worker there earns $57,640, which buys what $55,000 buys nationally once local prices are taken into account. Comparing a salary offer between cities without this adjustment is comparing nothing useful.
Is housing the reason?
Usually. Rents here are at 111.8 against goods at 103.1. Goods barely vary between American cities because most are shipped and priced nationally; housing varies enormously, and it dominates any cost of living comparison.