Is Minneapolis, MN cheaper than Tampa, FL?

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

What salary do I need in Minneapolis, MN to live like I do in Tampa, FL?

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

How does housing cost compare between Tampa, FL and Minneapolis, MN?

Housing in Minneapolis, MN is 3.8% more expensive than in Tampa, FL. For a two-bedroom apartment, rent is $1,700/month in Minneapolis, MN compared to $2,290/month in Tampa, FL.

How much can I save per month by moving from Tampa, FL to Minneapolis, MN?

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

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Tampa, FL

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Minneapolis, MN

Cost of Living Comparison 2026

Current salary in Tampa, FL

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 Tampa-St. Petersburg-Clearwater, FL 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.

Tampa, FL

Population:385K

Cost Index:100

Median Home:$367K

Minneapolis, MN

Population:430K

Cost Index:105

Median Home:$308K

Tampa, FL

The Sunshine State

385K

Population

State Tax

No Income Tax

Climate

Humid subtropical

Notable Facts

•Major Tampa Bay area
•No state income tax
•Growing tech scene

Major Industries

FinanceTechnologyHealthcareTourism

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: Tampa, FL vs Minneapolis, MN

Category	Tampa, FL	Minneapolis, MN	Difference	Change
🏥Healthcare	$570/mo	$756/mo	↑ $186more	32.6%
🏠Housing	$2,703/mo	$2,807/mo	↑ $104more	3.8%
🚗Transportation	$1,284/mo	$1,380/mo	↑ $95.62more	7.4%
⚡All Utilities	$574/mo	$508/mo	↓ $65.57less	11.4%
📦Other	$1,808/mo	$1,774/mo	↓ $33.48less	1.9%
🛒Groceries	$1,019/mo	$1,029/mo	↑ $9.99more	1.0%

🏥Healthcare

↑ 32.6%

Tampa, FL

$570

Minneapolis, MN

$756

Difference

$186

🏠Housing

↑ 3.8%

Tampa, FL

$2,703

Minneapolis, MN

$2,807

Difference

$104

🚗Transportation

↑ 7.4%

Tampa, FL

$1,284

Minneapolis, MN

$1,380

Difference

$95.62

⚡All Utilities

↓ 11.4%

Tampa, FL

$574

Minneapolis, MN

$508

Difference

$65.57

less

📦Other

↓ 1.9%

Tampa, FL

$1,808

Minneapolis, MN

$1,774

Difference

$33.48

less

🛒Groceries

↑ 1.0%

Tampa, FL

$1,019

Minneapolis, MN

$1,029

Difference

$9.99

🏠Rent Comparison

Studio

From$1,850

To$1,240

↓ $610

1 Bed

From$1,960

To$1,400

↓ $560

2 Bed

From$2,290

To$1,700

↓ $590

3 Bed

From$2,930

To$2,250

↓ $680

Tampa, FLZIP-level data

1BR range: $1,410–$2,550/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.

$7,958

Monthly in Tampa, FL

$8,254

Monthly in Minneapolis, MN

$296

Difference

Home Values

Tampa

Minneapolis

$367K

Median Value

$308K

↓ -4%

YoY Change

↑ +1%

↑ +42.1%

5-Year Change

↑ +8.2%

$251K - $989K

Price Range

$152K - $469K

Homes in Minneapolis are 16% less expensive than Tampa

Calculate payment - Tampa 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

Tampa, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida 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

Tampa, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

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.