Is Minneapolis, MN cheaper than Denver, CO?

Based on cost of living data, Minneapolis, MN is 1.8% cheaper than Denver, CO. This translates to saving $136 per month.

What salary do I need in Minneapolis, MN to live like I do in Denver, CO?

If you earn $150,000 in Denver, CO, you'd need approximately $148,363.636 in Minneapolis, MN to maintain the same standard of living.

How does housing cost compare between Denver, CO and Minneapolis, MN?

Housing in Minneapolis, MN is 13.6% cheaper than in Denver, CO. For a two-bedroom apartment, rent is $1,700/month in Minneapolis, MN compared to $2,190/month in Denver, CO.

How much can I save per month by moving from Denver, CO to Minneapolis, MN?

Moving from Denver, CO to Minneapolis, MN could save you approximately $136 per month, or $1636 per year, based on a $150,000 salary.

MoveNumbers

Denver, CO

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Minneapolis, MN

Cost of Living Comparison 2026

Current salary in Denver, CO

Numbers update automatically as you type

You'd save $136/month moving to Minneapolis, MN

$150.0K in your current city equals $148.4K in Minneapolis, MN

Rent data from HUD ZIP-level estimates · COL index from Denver-Aurora-Lakewood, CO area

Overall Cost

↓ 1.8%

Less expensive

Monthly Impact

$136

Savings

Annual Impact

$1.6K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Denver, CO

Population:716K

Cost Index:100

Median Home:$513K

Minneapolis, MN

Population:430K

Cost Index:98

Median Home:$308K

Denver, CO

The Centennial State

716K

Population

State Tax

Yes

Climate

Semi-arid

Notable Facts

•Mile-high city (5,280 ft)
•Outdoor recreation hub
•Major cannabis market

Major Industries

AerospaceTechnologyEnergyTourism

Minneapolis, MN

The North Star State

430K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 430K residents.

Cost Breakdown by Category

Annual spending: Denver, CO vs Minneapolis, MN

Category	Denver, CO	Minneapolis, MN	Difference	Change
🏠Housing	$3,248/mo	$2,807/mo	↓ $442less	13.6%
🏥Healthcare	$632/mo	$756/mo	↑ $124more	19.6%
🚗Transportation	$1,462/mo	$1,380/mo	↓ $81.96less	5.6%
⚡All Utilities	$519/mo	$508/mo	↓ $10.93less	2.1%
🛒Groceries	$1,029/mo	$1,029/mo	→ $0	0.0%
📦Other	$1,774/mo	$1,774/mo	→ $0	0.0%

🏠Housing

↓ 13.6%

Denver, CO

$3,248

Minneapolis, MN

$2,807

Difference

$442

less

🏥Healthcare

↑ 19.6%

Denver, CO

$632

Minneapolis, MN

$756

Difference

$124

🚗Transportation

↓ 5.6%

Denver, CO

$1,462

Minneapolis, MN

$1,380

Difference

$81.96

less

⚡All Utilities

↓ 2.1%

Denver, CO

$519

Minneapolis, MN

$508

Difference

$10.93

less

🛒Groceries

→ 0.0%

Denver, CO

$1,029

Minneapolis, MN

$1,029

Difference

same

📦Other

→ 0.0%

Denver, CO

$1,774

Minneapolis, MN

$1,774

Difference

same

🏛️ Local Income Taxes

Denver, CO: Denver Head Tax ($5.75/mo, negligible)$69.00/yr (0.0%)

Minneapolis, MN has no local income tax.

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$1,720

To$1,240

↓ $480

1 Bed

From$1,840

To$1,400

↓ $440

2 Bed

From$2,190

To$1,700

↓ $490

3 Bed

From$2,870

To$2,250

↓ $620

Denver, COZIP-level data

1BR range: $1,620–$2,540/mo

Minneapolis, MNZIP-level data

1BR range: $1,250–$2,100/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$8,665

Monthly in Denver, CO

$8,254

Monthly in Minneapolis, MN

$411

Difference

Home Values

Denver

Minneapolis

$513K

Median Value

$308K

↓ -4.2%

YoY Change

↑ +1%

↑ +13%

5-Year Change

↑ +8.2%

$352K - $933K

Price Range

$152K - $469K

Homes in Minneapolis are 40% less expensive than Denver

Calculate payment - Denver Calculate payment - Minneapolis

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $3.8K

More taxes

Monthly Difference

$319

Less take-home

Effective Rate Diff

2.6%

Rate difference

Denver, CO

Federal Income Tax

Effective: 18.9%

$25.5K

Colorado State Tax

Effective: 4.4%

$6.6K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.1%

$43.6K

Take-Home Pay

$8,866/month

$106.4K

Minneapolis, MN

Federal Income Tax

Effective: 18.9%

$25.5K

Minnesota State Tax

Effective: 7.0%

$10.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.6%

$47.4K

Take-Home Pay

$8,546/month

$102.6K

Additional Tax Information

Denver, CO Tax Rates

Sales Tax:7.8%

Property Tax:0.5%

Minneapolis, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.