Phoenix vs Minneapolis
Cost of Living (2026)

Phoenix is 6% less expensive than Minneapolis.

Enter your salary → get exact comparison

At a glance

Phoenix, AZ

COL index100 ✓
State income tax2.5% ✓
Avg 1BR rent$1,450/mo
Median home price$395K
VS

Minneapolis, MN

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

Cost breakdown by category

CategoryPhoenix indexMinneapolis indexDifference
Housing130 ✓138+8%
Groceries95 ✓101+6%
Transportation96 ✓101+5%
Healthcare97 ✓103+6%
Utilities96 ✓101+5%

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

Salary equivalency: Phoenix → Minneapolis

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

Salary in PhoenixEquivalent in MinneapolisDifference
$60,000$68,000+$8,000
$80,000$91,000+$11,000
$100,000$113,000+$13,000
$130,000$147,000+$17,000
$150,000$170,000+$20,000
$200,000$226,000+$26,000

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

When comparing the cost of living between Phoenix, AZ and Minneapolis, MN, Phoenix comes out significantly more affordable with a COL index of 100 versus 106 for Minneapolis — a difference of approximately 6%.

State income tax impact

Phoenix workers pay 2.5% Arizona state income tax, while Minneapolis workers pay 6.8%.

Housing costs

The median home price in Phoenix is $395,000, compared to $355,000 in Minneapolis. Average 1-bedroom rent is $1,450/month in Phoenix versus $1,450/month in Minneapolis.

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