Is Denver, CO cheaper than Minnetonka, MN?

Based on cost of living data, Denver, CO is 6.7% more expensive than Minnetonka, MN. This translates to spending an extra $505 per month.

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

If you earn $150,000 in Minnetonka, MN, you'd need approximately $156,054.277 in Denver, CO to maintain the same standard of living.

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

Housing in Denver, CO is 34.8% more expensive than in Minnetonka, MN. For a two-bedroom apartment, rent is $2,190/month in Denver, CO compared to $1,639/month in Minnetonka, MN.

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

Living in Denver, CO costs approximately $505 more per month than Minnetonka, MN, or $6054 more per year, based on a $150,000 salary.

Minnetonka, MN vs Denver, CO: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Minnetonka, MN — ZIP-level rent data · COL adjusted from Minneapolis, MN area

Current salary in Minnetonka, MN

Numbers update automatically as you type

You'd spend $505/month more in Denver, CO

$150.0K in your current city equals $156.1K in Denver, CO

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

Overall Cost

↑ 6.7%

More expensive

Monthly Impact

$505

Extra cost

Annual Impact

$6.1K

Per year

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

Minnetonka, MN

Population:52K

Cost Index:100

Median Home:$477K

Denver, CO

Population:716K

Cost Index:107

Median Home:$513K

Minnetonka, MN

The North Star State

52K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 52K residents.

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

Cost Breakdown by Category

Annual spending: Minnetonka, MN vs Denver, CO

Category	Minnetonka, MN	Denver, CO	Difference	Change
🏠Housing	$2,411/mo	$3,248/mo	↑ $838more	34.8%
🚗Transportation	$1,317/mo	$1,462/mo	↑ $145more	11.0%
🏥Healthcare	$738/mo	$632/mo	↓ $106less	14.4%
📦Other	$1,693/mo	$1,774/mo	↑ $81.05more	4.8%
🛒Groceries	$1,005/mo	$1,029/mo	↑ $23.78more	2.4%
⚡All Utilities	$496/mo	$519/mo	↑ $22.67more	4.6%

🏠Housing

↑ 34.8%

Minnetonka, MN

$2,411

Denver, CO

$3,248

Difference

$838

🚗Transportation

↑ 11.0%

Minnetonka, MN

$1,317

Denver, CO

$1,462

Difference

$145

🏥Healthcare

↓ 14.4%

Minnetonka, MN

$738

Denver, CO

$632

Difference

$106

less

📦Other

↑ 4.8%

Minnetonka, MN

$1,693

Denver, CO

$1,774

Difference

$81.05

🛒Groceries

↑ 2.4%

Minnetonka, MN

$1,005

Denver, CO

$1,029

Difference

$23.78

⚡All Utilities

↑ 4.6%

Minnetonka, MN

$496

Denver, CO

$519

Difference

$22.67

🏛️ Local Income Taxes

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

Minnetonka, 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$1,192

To$1,720

↑ $528

1 Bed

From$1,347

To$1,840

↑ $493

2 Bed

From$1,639

To$2,190

↑ $551

3 Bed

From$2,170

To$2,870

↑ $700

Minnetonka, MNZIP-level data

1BR range: $1,580–$1,740/mo

Denver, COZIP-level data

1BR range: $1,620–$2,540/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.

$7,661

Monthly in Minnetonka, MN

$8,665

Monthly in Denver, CO

$1,004

Difference

Home Values

Minnetonka

Denver

$477K

Median Value

$513K

↑ +2.5%

YoY Change

↓ -4.2%

↑ +23.2%

5-Year Change

↑ +13%

$444K - $511K

Price Range

$352K - $933K

Homes in Denver are 7% more expensive than Minnetonka

Calculate payment - Minnetonka Calculate payment - Denver

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $3.8K

Per year

Monthly Difference

$319

More take-home

Effective Rate Diff

2.6%

Rate difference

Minnetonka, 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

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

Additional Tax Information

Minnetonka, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

Denver, CO Tax Rates

Sales Tax:7.8%

Property Tax:0.5%

💡 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.