Miami vs Minneapolis
Cost of Living (2026)

Minneapolis is 14% more affordable than Miami. Plus, Florida has no state income tax vs Minnesota's 6.8%.

Enter your salary → get exact comparison

At a glance

Miami, FL

COL index123
State income taxNone ✓
Avg 1BR rent$2,300/mo
Median home price$600K
VS

Minneapolis, MN

COL index106 ✓
State income tax6.8%
Avg 1BR rent$1,450/mo ✓
Median home price$355K ✓

Cost breakdown by category

CategoryMiami indexMinneapolis indexDifference
Housing161138 ✓-23%
Groceries116101 ✓-15%
Transportation116101 ✓-15%
Healthcare119103 ✓-16%
Utilities114101 ✓-13%

Source: C2ER Cost of Living Index 2026. Index = 100 is US average. ✓ indicates lower cost.

Salary equivalency: Miami → Minneapolis

What salary in Minneapolis gives you the same purchasing power as your Miami salary?

Salary in MiamiEquivalent in MinneapolisDifference
$60,000$57,000$-3,000
$80,000$76,000$-4,000
$100,000$95,000$-5,000
$130,000$124,000$-6,000
$150,000$143,000$-7,000
$200,000$191,000$-9,000

Miami vs Minneapolis: Full Cost of Living Comparison (2026)

When comparing the cost of living between Miami, FL and Minneapolis, MN, Minneapolis comes out significantly more affordable with a COL index of 106 versus 123 for Miami — a difference of approximately 14%.

State income tax impact

Florida has no state income tax, giving Miami workers an immediate 6.8% take-home pay advantage over Minneapolis workers who pay Minnesota's 6.8% state income tax.

Housing costs

The median home price in Miami is $600,000, compared to $355,000 in Minneapolis. Average 1-bedroom rent is $2,300/month in Miami versus $1,450/month in Minneapolis.

Miami vs Houston →Miami vs San Antonio →Miami vs Dallas →Miami vs Austin →Miami vs Fort Worth →Miami vs El Paso →