Is Philadelphia, PA cheaper than Minneapolis, MN?

Based on cost of living data, Philadelphia, PA is 6.3% cheaper than Minneapolis, MN. This translates to saving $472 per month.

What salary do I need in Philadelphia, PA to live like I do in Minneapolis, MN?

If you earn $150,000 in Minneapolis, MN, you'd need approximately $144,333.333 in Philadelphia, PA to maintain the same standard of living.

How does housing cost compare between Minneapolis, MN and Philadelphia, PA?

Housing in Philadelphia, PA is 17.6% cheaper than in Minneapolis, MN. For a two-bedroom apartment, rent is $1,660/month in Philadelphia, PA compared to $1,700/month in Minneapolis, MN.

How much can I save per month by moving from Minneapolis, MN to Philadelphia, PA?

Moving from Minneapolis, MN to Philadelphia, PA could save you approximately $472 per month, or $5667 per year, based on a $150,000 salary.

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Minneapolis, MN

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Philadelphia, PA

Cost of Living Comparison 2026

Current salary in Minneapolis, MN

Numbers update automatically as you type

You'd save $472/month moving to Philadelphia, PA

$150.0K in your current city equals $144.3K in Philadelphia, PA

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

Overall Cost

↓ 6.3%

Less expensive

Monthly Impact

$472

Savings

Annual Impact

$5.7K

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

Philadelphia, PA

Population:1584K

Cost Index:94

Median Home:$241K

Minneapolis, MN

The North Star State

430K

Population

State Tax

Yes

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

Philadelphia, PA

The Keystone State

1.6M

Population

State Tax

Yes

Climate

Humid subtropical

Notable Facts

•Birthplace of America
•Cheesesteak city
•Major East Coast hub

Major Industries

HealthcareEducationFinanceManufacturing

Cost Breakdown by Category

Annual spending: Minneapolis, MN vs Philadelphia, PA

Category	Minneapolis, MN	Philadelphia, PA	Difference	Change
🏠Housing	$2,807/mo	$2,313/mo	↓ $494less	17.6%
🏥Healthcare	$756/mo	$607/mo	↓ $149less	19.7%
⚡All Utilities	$508/mo	$607/mo	↑ $98.36more	19.4%
🛒Groceries	$1,029/mo	$1,104/mo	↑ $74.94more	7.3%
🚗Transportation	$1,380/mo	$1,421/mo	↑ $40.98more	3.0%
📦Other	$1,774/mo	$1,774/mo	→ $0	0.0%

🏠Housing

↓ 17.6%

Minneapolis, MN

$2,807

Philadelphia, PA

$2,313

Difference

$494

less

🏥Healthcare

↓ 19.7%

Minneapolis, MN

$756

Philadelphia, PA

$607

Difference

$149

less

⚡All Utilities

↑ 19.4%

Minneapolis, MN

$508

Philadelphia, PA

$607

Difference

$98.36

🛒Groceries

↑ 7.3%

Minneapolis, MN

$1,029

Philadelphia, PA

$1,104

Difference

$74.94

🚗Transportation

↑ 3.0%

Minneapolis, MN

$1,380

Philadelphia, PA

$1,421

Difference

$40.98

📦Other

→ 0.0%

Minneapolis, MN

$1,774

Philadelphia, PA

$1,774

Difference

same

🏛️ Local Income Taxes

Philadelphia, PA: Philadelphia Wage Tax (resident)$5,625/yr (3.8%)

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$1,240

To$1,280

↑ $40.00

1 Bed

From$1,400

To$1,390

↓ $10.00

2 Bed

From$1,700

To$1,660

↓ $40.00

3 Bed

From$2,250

To$1,990

↓ $260

Minneapolis, MNZIP-level data

1BR range: $1,250–$2,100/mo

Philadelphia, PAZIP-level data

1BR range: $1,080–$2,280/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

$7,826

Monthly in Philadelphia, PA

$428

Difference

Home Values

Minneapolis

Philadelphia

$308K

Median Value

$241K

↑ +1%

YoY Change

↑ +2.8%

↑ +8.2%

5-Year Change

↑ +9%

$152K - $469K

Price Range

$71K - $855K

Homes in Philadelphia are 22% less expensive than Minneapolis

Calculate payment - Minneapolis Calculate payment - Philadelphia

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $5.8K

Per year

Monthly Difference

$486

More take-home

Effective Rate Diff

3.9%

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

Philadelphia, PA

Federal Income Tax

Effective: 18.9%

$25.5K

Pennsylvania State Tax

Effective: 3.1%

$4.6K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 27.7%

$41.6K

Take-Home Pay

$9,032/month

$108.4K

Additional Tax Information

Minneapolis, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

Philadelphia, PA Tax Rates

Sales Tax:6.5%

Property Tax:1.4%

💡 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.