Side-by-side cost of living comparison for 2026
17% cheaper
Minneapolis is 17% more affordable than Miami. A $75,000 salary in Miami is equivalent to $62,598 in Minneapolis.
Index values shown. National average = 100. Lower is cheaper.
To maintain the same standard of living:
See exact take-home pay: Florida salaries · Minnesota salaries
Housing is typically the biggest factor in any cost-of-living comparison. Miami has a housing index of 172 while Minneapolis sits at 112 (national average = 100). The median home in Miami costs $450,000 compared to $310,000 in Minneapolis, a difference of $140,000. Monthly rent follows a similar pattern: $2,200 in Miami versus $1,500 in Minneapolis.
Groceries and everyday expenses show a narrower gap: Miami scores 108 while Minneapolis scores 104.
Healthcare costs in Miami (99) are lower than Minneapolis (105). Both are close to the national average.
Median household income in Miami is $44,268 compared to $64,285 in Minneapolis. When adjusted for cost of living, income goes further in Minneapolis.
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