Is Salt Lake City, UT cheaper than Minneapolis, MN?

Based on cost of living data, Salt Lake City, UT is 7.6% cheaper than Minneapolis, MN. This translates to saving $573 per month.

What salary do I need in Salt Lake City, UT to live like I do in Minneapolis, MN?

If you earn $150,000 in Minneapolis, MN, you'd need approximately $143,120.547 in Salt Lake City, UT to maintain the same standard of living.

How does housing cost compare between Minneapolis, MN and Salt Lake City, UT?

Housing in Salt Lake City, UT is 9.8% cheaper than in Minneapolis, MN. For a two-bedroom apartment, rent is $1,400/month in Salt Lake City, UT compared to $1,700/month in Minneapolis, MN.

How much can I save per month by moving from Minneapolis, MN to Salt Lake City, UT?

Moving from Minneapolis, MN to Salt Lake City, UT could save you approximately $573 per month, or $6879 per year, based on a $150,000 salary.

MoveNumbers

Minneapolis, MN

Tap to swap

Salt Lake City, UT

Cost of Living Comparison 2026

📍 Salt Lake City, UT — ZIP-level rent data · COL adjusted from Boise, ID area

Current salary in Minneapolis, MN

Numbers update automatically as you type

You'd save $573/month moving to Salt Lake City, UT

$150.0K in your current city equals $143.1K in Salt Lake City, UT

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

Overall Cost

↓ 7.6%

Less expensive

Monthly Impact

$573

Savings

Annual Impact

$6.9K

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

Salt Lake City, UT

Population:210K

Cost Index:92

Median Home:$518K

Minneapolis, MN

The North Star State

430K

Population

State Tax

Yes

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

Salt Lake City, UT

The Beehive State

210K

Population

State Tax

Yes

Located in Utah, this city has a population of 210K residents.

Cost Breakdown by Category

Annual spending: Minneapolis, MN vs Salt Lake City, UT

Category	Minneapolis, MN	Salt Lake City, UT	Difference	Change
🏠Housing	$2,807/mo	$2,531/mo	↓ $276less	9.8%
🚗Transportation	$1,380/mo	$1,247/mo	↓ $133less	9.6%
🏥Healthcare	$756/mo	$625/mo	↓ $131less	17.3%
📦Other	$1,774/mo	$1,670/mo	↓ $105less	5.9%
🛒Groceries	$1,029/mo	$950/mo	↓ $79.30less	7.7%
⚡All Utilities	$508/mo	$472/mo	↓ $36.42less	7.2%

🏠Housing

↓ 9.8%

Minneapolis, MN

$2,807

Salt Lake City, UT

$2,531

Difference

$276

less

🚗Transportation

↓ 9.6%

Minneapolis, MN

$1,380

Salt Lake City, UT

$1,247

Difference

$133

less

🏥Healthcare

↓ 17.3%

Minneapolis, MN

$756

Salt Lake City, UT

$625

Difference

$131

less

📦Other

↓ 5.9%

Minneapolis, MN

$1,774

Salt Lake City, UT

$1,670

Difference

$105

less

🛒Groceries

↓ 7.7%

Minneapolis, MN

$1,029

Salt Lake City, UT

$950

Difference

$79.30

less

⚡All Utilities

↓ 7.2%

Minneapolis, MN

$508

Salt Lake City, UT

$472

Difference

$36.42

less

🏠Rent Comparison

Studio

From$1,240

To$1,008

↓ $232

1 Bed

From$1,400

To$1,168

↓ $232

2 Bed

From$1,700

To$1,400

↓ $300

3 Bed

From$2,250

To$1,872

↓ $378

Minneapolis, MNZIP-level data

1BR range: $1,250–$2,100/mo

Salt Lake City, UTZIP-level data

1BR range: $1,310–$1,820/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

$7,494

Monthly in Salt Lake City, UT

$760

Difference

Home Values

Minneapolis

Salt Lake City

$308K

Median Value

$518K

↑ +1%

YoY Change

↑ +0.4%

↑ +8.2%

5-Year Change

↑ +30.4%

$152K - $469K

Price Range

$400K - $902K

Homes in Salt Lake City are 68% more expensive than Minneapolis

Calculate payment - Minneapolis Calculate payment - Salt Lake City

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $3.2K

Per year

Monthly Difference

$263

More take-home

Effective Rate Diff

2.1%

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

Salt Lake City, UT

Federal Income Tax

Effective: 18.9%

$25.5K

Utah State Tax

Effective: 4.9%

$7.3K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.5%

$44.3K

Take-Home Pay

$8,809/month

$105.7K

Additional Tax Information

Minneapolis, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

Salt Lake City, UT Tax Rates

Sales Tax:7.4%

Property Tax:0.6%

💡 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.