Is Minneapolis, MN cheaper than Nashville, TN?

Based on cost of living data, Minneapolis, MN is 4.9% more expensive than Nashville, TN. This translates to spending an extra $364 per month.

What salary do I need in Minneapolis, MN to live like I do in Nashville, TN?

If you earn $150,000 in Nashville, TN, you'd need approximately $154,368.932 in Minneapolis, MN to maintain the same standard of living.

How does housing cost compare between Nashville, TN and Minneapolis, MN?

Housing in Minneapolis, MN is 5.9% more expensive than in Nashville, TN. For a two-bedroom apartment, rent is $1,700/month in Minneapolis, MN compared to $1,840/month in Nashville, TN.

How much can I save per month by moving from Nashville, TN to Minneapolis, MN?

Living in Minneapolis, MN costs approximately $364 more per month than Nashville, TN, or $4369 more per year, based on a $150,000 salary.

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Nashville, TN

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Minneapolis, MN

Cost of Living Comparison 2026

Current salary in Nashville, TN

Numbers update automatically as you type

You'd spend $364/month more in Minneapolis, MN

$150.0K in your current city equals $154.4K in Minneapolis, MN

Rent data from HUD ZIP-level estimates · COL index from Nashville-Davidson-Murfreesboro-Franklin, TN area

Overall Cost

↑ 4.9%

More expensive

Monthly Impact

$364

Extra cost

Annual Impact

$4.4K

Per year

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

Nashville, TN

Population:689K

Cost Index:100

Median Home:$489K

Minneapolis, MN

Population:430K

Cost Index:105

Median Home:$308K

Nashville, TN

The Volunteer State

689K

Population

State Tax

No Income Tax

Climate

Humid subtropical

Notable Facts

•Music City USA
•Country music capital
•Healthcare industry hub

Major Industries

Music IndustryHealthcareTourismFinance

Minneapolis, MN

The North Star State

430K

Population

State Tax

Yes

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

Cost Breakdown by Category

Annual spending: Nashville, TN vs Minneapolis, MN

Category	Nashville, TN	Minneapolis, MN	Difference	Change
📦Other	$1,942/mo	$1,774/mo	↓ $167less	8.6%
🏠Housing	$2,651/mo	$2,807/mo	↑ $156more	5.9%
🏥Healthcare	$607/mo	$756/mo	↑ $149more	24.5%
🚗Transportation	$1,284/mo	$1,380/mo	↑ $95.62more	7.4%
🛒Groceries	$949/mo	$1,029/mo	↑ $79.94more	8.4%
⚡All Utilities	$519/mo	$508/mo	↓ $10.93less	2.1%

📦Other

↓ 8.6%

Nashville, TN

$1,942

Minneapolis, MN

$1,774

Difference

$167

less

🏠Housing

↑ 5.9%

Nashville, TN

$2,651

Minneapolis, MN

$2,807

Difference

$156

🏥Healthcare

↑ 24.5%

Nashville, TN

$607

Minneapolis, MN

$756

Difference

$149

🚗Transportation

↑ 7.4%

Nashville, TN

$1,284

Minneapolis, MN

$1,380

Difference

$95.62

🛒Groceries

↑ 8.4%

Nashville, TN

$949

Minneapolis, MN

$1,029

Difference

$79.94

⚡All Utilities

↓ 2.1%

Nashville, TN

$519

Minneapolis, MN

$508

Difference

$10.93

less

🏠Rent Comparison

Studio

From$1,600

To$1,240

↓ $360

1 Bed

From$1,680

To$1,400

↓ $280

2 Bed

From$1,840

To$1,700

↓ $140

3 Bed

From$2,350

To$2,250

↓ $100

Nashville, TNZIP-level data

1BR range: $1,320–$2,230/mo

Minneapolis, MNZIP-level data

1BR range: $1,250–$2,100/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.

$7,952

Monthly in Nashville, TN

$8,254

Monthly in Minneapolis, MN

$302

Difference

Home Values

Nashville

Minneapolis

$489K

Median Value

$308K

↓ -2.1%

YoY Change

↑ +1%

↑ +32.1%

5-Year Change

↑ +8.2%

$320K - $1.16M

Price Range

$152K - $469K

Homes in Minneapolis are 37% less expensive than Nashville

Calculate payment - Nashville Calculate payment - Minneapolis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $10.4K

More taxes

Monthly Difference

$869

Less take-home

Effective Rate Diff

7.0%

Rate difference

Nashville, TN

Federal Income Tax

Effective: 18.9%

$25.5K

Tennessee 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

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

Additional Tax Information

Nashville, TN Tax Rates

Sales Tax:9.5%

Property Tax:0.7%

Minneapolis, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

💡 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.