Is Dallas, TX cheaper than Minneapolis, MN?

Based on cost of living data, Dallas, TX is 6.5% cheaper than Minneapolis, MN. This translates to saving $486 per month.

What salary do I need in Dallas, TX to live like I do in Minneapolis, MN?

If you earn $150,000 in Minneapolis, MN, you'd need approximately $144,166.667 in Dallas, TX to maintain the same standard of living.

How does housing cost compare between Minneapolis, MN and Dallas, TX?

Housing in Dallas, TX is 14.8% cheaper than in Minneapolis, MN. For a two-bedroom apartment, rent is $1,765/month in Dallas, TX compared to $1,700/month in Minneapolis, MN.

How much can I save per month by moving from Minneapolis, MN to Dallas, TX?

Moving from Minneapolis, MN to Dallas, TX could save you approximately $486 per month, or $5833 per year, based on a $150,000 salary.

MoveNumbers

Minneapolis, MN

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Dallas, TX

Cost of Living Comparison 2026

Current salary in Minneapolis, MN

Numbers update automatically as you type

You'd save $486/month moving to Dallas, TX

$150.0K in your current city equals $144.2K in Dallas, TX

Rent data from HUD ZIP-level estimates · COL index from Minneapolis-St. Paul-Bloomington, MN-WI area

Overall Cost

↓ 6.5%

Less expensive

Monthly Impact

$486

Savings

Annual Impact

$5.8K

Per year

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

Minneapolis, MN

Population:430K

Cost Index:100

Median Home:$308K

Dallas, TX

Population:1304K

Cost Index:94

Median Home:$292K

Minneapolis, MN

The North Star State

430K

Population

State Tax

Yes

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

Dallas, TX

The Lone Star State

1.3M

Population

State Tax

No Income Tax

Climate

Humid subtropical

Notable Facts

•Major business center
•No state income tax
•Big Tex home

Major Industries

TechnologyFinanceEnergyTransportation

Cost Breakdown by Category

Annual spending: Minneapolis, MN vs Dallas, TX

Category	Minneapolis, MN	Dallas, TX	Difference	Change
🏠Housing	$2,807/mo	$2,391/mo	↓ $416less	14.8%
🏥Healthcare	$756/mo	$632/mo	↓ $124less	16.4%
🚗Transportation	$1,380/mo	$1,298/mo	↓ $81.96less	5.9%
⚡All Utilities	$508/mo	$563/mo	↑ $54.64more	10.8%
🛒Groceries	$1,029/mo	$979/mo	↓ $49.96less	4.9%
📦Other	$1,774/mo	$1,774/mo	→ $0	0.0%

🏠Housing

↓ 14.8%

Minneapolis, MN

$2,807

Dallas, TX

$2,391

Difference

$416

less

🏥Healthcare

↓ 16.4%

Minneapolis, MN

$756

Dallas, TX

$632

Difference

$124

less

🚗Transportation

↓ 5.9%

Minneapolis, MN

$1,380

Dallas, TX

$1,298

Difference

$81.96

less

⚡All Utilities

↑ 10.8%

Minneapolis, MN

$508

Dallas, TX

$563

Difference

$54.64

🛒Groceries

↓ 4.9%

Minneapolis, MN

$1,029

Dallas, TX

$979

Difference

$49.96

less

📦Other

→ 0.0%

Minneapolis, MN

$1,774

Dallas, TX

$1,774

Difference

same

🏠Rent Comparison

Studio

From$1,240

To$1,450

↑ $210

1 Bed

From$1,400

To$1,505

↑ $105

2 Bed

From$1,700

To$1,765

↑ $65.00

3 Bed

From$2,250

To$2,220

↓ $30.00

Minneapolis, MNZIP-level data

1BR range: $1,250–$2,100/mo

Dallas, TXZIP-level data

1BR range: $1,040–$2,470/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.

$8,254

Monthly in Minneapolis, MN

$7,637

Monthly in Dallas, TX

$617

Difference

Home Values

Minneapolis

Dallas

$308K

Median Value

$292K

↑ +1%

YoY Change

↓ -3.1%

↑ +8.2%

5-Year Change

↑ +27.1%

$152K - $469K

Price Range

$138K - $2.01M

Homes in Dallas are 5% less expensive than Minneapolis

Calculate payment - Minneapolis Calculate payment - Dallas

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $10.4K

Per year

Monthly Difference

$869

More take-home

Effective Rate Diff

7.0%

Rate difference

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

Dallas, TX

Federal Income Tax

Effective: 18.9%

$25.5K

Texas State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

Minneapolis, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

Dallas, TX Tax Rates

Sales Tax:8.2%

Property Tax:1.8%

💡 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.