Is Minneapolis, MN cheaper than Portland, OR?

Based on cost of living data, Minneapolis, MN is 16.9% cheaper than Portland, OR. This translates to saving $1269 per month.

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

If you earn $150,000 in Portland, OR, you'd need approximately $134,769.231 in Minneapolis, MN to maintain the same standard of living.

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

Housing in Minneapolis, MN is 40.3% cheaper than in Portland, OR. For a two-bedroom apartment, rent is $1,700/month in Minneapolis, MN compared to $1,900/month in Portland, OR.

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

Moving from Portland, OR to Minneapolis, MN could save you approximately $1269 per month, or $15231 per year, based on a $150,000 salary.

MoveNumbers

Portland, OR

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Minneapolis, MN

Cost of Living Comparison 2026

Current salary in Portland, OR

Numbers update automatically as you type

You'd save $1.3K/month moving to Minneapolis, MN

$150.0K in your current city equals $134.8K in Minneapolis, MN

Rent data from HUD ZIP-level estimates · COL index from Portland-Vancouver-Hillsboro, OR-WA area

Overall Cost

↓ 16.9%

Less expensive

Monthly Impact

$1,269

Savings

Annual Impact

$15.2K

Per year

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

Portland, OR

Population:641K

Cost Index:100

Median Home:$535K

Minneapolis, MN

Population:430K

Cost Index:83

Median Home:$308K

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

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: Portland, OR vs Minneapolis, MN

Category	Portland, OR	Minneapolis, MN	Difference	Change
🏠Housing	$4,704/mo	$2,807/mo	↓ $1,897less	40.3%
🚗Transportation	$1,721/mo	$1,380/mo	↓ $341less	19.8%
📦Other	$1,925/mo	$1,774/mo	↓ $151less	7.8%
🏥Healthcare	$663/mo	$756/mo	↑ $92.94more	14.0%
🛒Groceries	$1,069/mo	$1,029/mo	↓ $39.97less	3.7%
⚡All Utilities	$475/mo	$508/mo	↑ $32.79more	6.9%

🏠Housing

↓ 40.3%

Portland, OR

$4,704

Minneapolis, MN

$2,807

Difference

$1,897

less

🚗Transportation

↓ 19.8%

Portland, OR

$1,721

Minneapolis, MN

$1,380

Difference

$341

less

📦Other

↓ 7.8%

Portland, OR

$1,925

Minneapolis, MN

$1,774

Difference

$151

less

🏥Healthcare

↑ 14.0%

Portland, OR

$663

Minneapolis, MN

$756

Difference

$92.94

🛒Groceries

↓ 3.7%

Portland, OR

$1,069

Minneapolis, MN

$1,029

Difference

$39.97

less

⚡All Utilities

↑ 6.9%

Portland, OR

$475

Minneapolis, MN

$508

Difference

$32.79

🏛️ 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$1,555

To$1,240

↓ $315

1 Bed

From$1,655

To$1,400

↓ $255

2 Bed

From$1,900

To$1,700

↓ $200

3 Bed

From$2,590

To$2,250

↓ $340

Portland, ORZIP-level data

1BR range: $1,580–$2,030/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.

$10,557

Monthly in Portland, OR

$8,254

Monthly in Minneapolis, MN

$2,303

Difference

Home Values

Portland

Minneapolis

$535K

Median Value

$308K

↓ -1.2%

YoY Change

↑ +1%

↑ +7.2%

5-Year Change

↑ +8.2%

$351K - $760K

Price Range

$152K - $469K

Homes in Minneapolis are 42% less expensive than Portland

Calculate payment - Portland Calculate payment - Minneapolis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $5.1K

Per year

Monthly Difference

$423

More take-home

Effective Rate Diff

3.4%

Rate difference

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

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

Portland, OR Tax Rates

Sales Tax:0.0%

Property Tax:0.9%

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.