Is Minneapolis, MN cheaper than Philadelphia, PA?

Based on cost of living data, Minneapolis, MN is 6.7% more expensive than Philadelphia, PA. This translates to spending an extra $504 per month.

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

If you earn $150,000 in Philadelphia, PA, you'd need approximately $156,047.431 in Minneapolis, MN to maintain the same standard of living.

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

Housing in Minneapolis, MN is 21.3% more expensive than in Philadelphia, PA. For a two-bedroom apartment, rent is $1,700/month in Minneapolis, MN compared to $1,660/month in Philadelphia, PA.

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

Living in Minneapolis, MN costs approximately $504 more per month than Philadelphia, PA, or $6047 more per year, based on a $150,000 salary.

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Philadelphia, PA

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Minneapolis, MN

Cost of Living Comparison 2026

Current salary in Philadelphia, PA

Numbers update automatically as you type

You'd spend $504/month more in Minneapolis, MN

$150.0K in your current city equals $156.0K in Minneapolis, MN

Rent data from HUD ZIP-level estimates · COL index from Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area

Overall Cost

↑ 6.7%

More expensive

Monthly Impact

$504

Extra cost

Annual Impact

$6.0K

Per year

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

Philadelphia, PA

Population:1584K

Cost Index:100

Median Home:$241K

Minneapolis, MN

Population:430K

Cost Index:107

Median Home:$308K

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

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: Philadelphia, PA vs Minneapolis, MN

Category	Philadelphia, PA	Minneapolis, MN	Difference	Change
🏠Housing	$2,313/mo	$2,807/mo	↑ $494more	21.3%
🏥Healthcare	$607/mo	$756/mo	↑ $149more	24.5%
⚡All Utilities	$607/mo	$508/mo	↓ $98.36less	16.2%
🛒Groceries	$1,104/mo	$1,029/mo	↓ $74.94less	6.8%
🚗Transportation	$1,421/mo	$1,380/mo	↓ $40.98less	2.9%
📦Other	$1,774/mo	$1,774/mo	→ $0	0.0%

🏠Housing

↑ 21.3%

Philadelphia, PA

$2,313

Minneapolis, MN

$2,807

Difference

$494

🏥Healthcare

↑ 24.5%

Philadelphia, PA

$607

Minneapolis, MN

$756

Difference

$149

⚡All Utilities

↓ 16.2%

Philadelphia, PA

$607

Minneapolis, MN

$508

Difference

$98.36

less

🛒Groceries

↓ 6.8%

Philadelphia, PA

$1,104

Minneapolis, MN

$1,029

Difference

$74.94

less

🚗Transportation

↓ 2.9%

Philadelphia, PA

$1,421

Minneapolis, MN

$1,380

Difference

$40.98

less

📦Other

→ 0.0%

Philadelphia, PA

$1,774

Minneapolis, MN

$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$1,280

To$1,240

↓ $40.00

1 Bed

From$1,390

To$1,400

↑ $10.00

2 Bed

From$1,660

To$1,700

↑ $40.00

3 Bed

From$1,990

To$2,250

↑ $260

Philadelphia, PAZIP-level data

1BR range: $1,080–$2,280/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.

$7,826

Monthly in Philadelphia, PA

$8,254

Monthly in Minneapolis, MN

$428

Difference

Home Values

Philadelphia

Minneapolis

$241K

Median Value

$308K

↑ +2.8%

YoY Change

↑ +1%

↑ +9%

5-Year Change

↑ +8.2%

$71K - $855K

Price Range

$152K - $469K

Homes in Minneapolis are 28% more expensive than Philadelphia

Calculate payment - Philadelphia Calculate payment - Minneapolis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $5.8K

More taxes

Monthly Difference

$486

Less take-home

Effective Rate Diff

3.9%

Rate difference

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

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

Philadelphia, PA Tax Rates

Sales Tax:6.5%

Property Tax:1.4%

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.