Is Portland, OR cheaper than Minneapolis, MN?

Based on cost of living data, Portland, OR is 20.4% more expensive than Minneapolis, MN. This translates to spending an extra $1528 per month.

What salary do I need in Portland, OR to live like I do in Minneapolis, MN?

If you earn $150,000 in Minneapolis, MN, you'd need approximately $168,333.333 in Portland, OR to maintain the same standard of living.

How does housing cost compare between Minneapolis, MN and Portland, OR?

Housing in Portland, OR is 67.6% more expensive than in Minneapolis, MN. For a two-bedroom apartment, rent is $1,900/month in Portland, OR compared to $1,700/month in Minneapolis, MN.

How much can I save per month by moving from Minneapolis, MN to Portland, OR?

Living in Portland, OR costs approximately $1528 more per month than Minneapolis, MN, or $18333 more per year, based on a $150,000 salary.

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Minneapolis, MN

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Portland, OR

Cost of Living Comparison 2026

Current salary in Minneapolis, MN

Numbers update automatically as you type

You'd spend $1.5K/month more in Portland, OR

$150.0K in your current city equals $168.3K in Portland, OR

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

Overall Cost

↑ 20.4%

More expensive

Monthly Impact

$1,528

Extra cost

Annual Impact

$18.3K

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

Portland, OR

Population:641K

Cost Index:120

Median Home:$535K

Minneapolis, MN

The North Star State

430K

Population

State Tax

Yes

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

Portland, OR

The Beaver State

641K

Population

State Tax

Yes

Climate

Oceanic

Notable Facts

•Craft beer capital
•Foodie destination
•Keep Portland Weird

Major Industries

TechnologyManufacturingFood & BeverageTourism

Cost Breakdown by Category

Annual spending: Minneapolis, MN vs Portland, OR

Category	Minneapolis, MN	Portland, OR	Difference	Change
🏠Housing	$2,807/mo	$4,704/mo	↑ $1,897more	67.6%
🚗Transportation	$1,380/mo	$1,721/mo	↑ $341more	24.8%
📦Other	$1,774/mo	$1,925/mo	↑ $151more	8.5%
🏥Healthcare	$756/mo	$663/mo	↓ $92.94less	12.3%
🛒Groceries	$1,029/mo	$1,069/mo	↑ $39.97more	3.9%
⚡All Utilities	$508/mo	$475/mo	↓ $32.79less	6.5%

🏠Housing

↑ 67.6%

Minneapolis, MN

$2,807

Portland, OR

$4,704

Difference

$1,897

🚗Transportation

↑ 24.8%

Minneapolis, MN

$1,380

Portland, OR

$1,721

Difference

$341

📦Other

↑ 8.5%

Minneapolis, MN

$1,774

Portland, OR

$1,925

Difference

$151

🏥Healthcare

↓ 12.3%

Minneapolis, MN

$756

Portland, OR

$663

Difference

$92.94

less

🛒Groceries

↑ 3.9%

Minneapolis, MN

$1,029

Portland, OR

$1,069

Difference

$39.97

⚡All Utilities

↓ 6.5%

Minneapolis, MN

$508

Portland, OR

$475

Difference

$32.79

less

🏛️ Local Income Taxes

Portland, OR: Multnomah County Preschool for All$1,500/yr (1.0%)

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$1,240

To$1,555

↑ $315

1 Bed

From$1,400

To$1,655

↑ $255

2 Bed

From$1,700

To$1,900

↑ $200

3 Bed

From$2,250

To$2,590

↑ $340

Minneapolis, MNZIP-level data

1BR range: $1,250–$2,100/mo

Portland, ORZIP-level data

1BR range: $1,580–$2,030/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

$10,557

Monthly in Portland, OR

$2,303

Difference

Home Values

Minneapolis

Portland

$308K

Median Value

$535K

↑ +1%

YoY Change

↓ -1.2%

↑ +8.2%

5-Year Change

↑ +7.2%

$152K - $469K

Price Range

$351K - $760K

Homes in Portland are 74% more expensive than Minneapolis

Calculate payment - Minneapolis Calculate payment - Portland

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $5.1K

More taxes

Monthly Difference

$423

Less take-home

Effective Rate Diff

3.4%

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

Portland, OR

Federal Income Tax

Effective: 18.9%

$25.5K

Oregon State Tax

Effective: 10.3%

$15.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 35.0%

$52.5K

Take-Home Pay

$8,123/month

$97.5K

Additional Tax Information

Minneapolis, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

Portland, OR Tax Rates

Sales Tax:0.0%

Property Tax:0.9%

💡 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.