Cost of Living: Las Vegas, NV vs Minneapolis, MN (2026)

Las Vegas

Nevada
111
VS

Minneapolis

Minnesota
102

Las Vegas is 9% more expensive than Minneapolis.

$1,456/mo ↑ 10%
Median Rent
$1,329/mo ↓ 9%
$70,723/yr ↓ 12%
Median Income
$80,269/yr ↑ 13%
$395,300 ↑ 14%
Home Value
$345,600 ↓ 13%
$1,452/mo ↓ 4%
Owner Costs
$1,513/mo ↑ 4%
650,873
Population
426,845

Tax Comparison

0%
Income Tax
9.85%
6.85%
State Sales Tax
6.875%
0.53%
Property Tax
1.11%

Affordability

24.7%
rent-to-income
Affordability
19.9%
rent-to-income

Detailed Comparison

When comparing Las Vegas, NV and Minneapolis, MN, the overall cost of living indices are 111 and 102 respectively (national median = 100). Rent is $127/month cheaper in Minneapolis, saving renters about $1,524/year.

Median household income is $9,546/year higher in Minneapolis. Home values also differ significantly — the median in Las Vegas is $395,300 compared to $345,600 in Minneapolis.

Nevada has no state income tax, giving Las Vegas residents a significant tax advantage over Minnesota's 9.85% rate.

Frequently Asked Questions

Las Vegas vs Minneapolis — common questions

Is Las Vegas or Minneapolis cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 111 (US average = 100).
What is the rent difference between Las Vegas and Minneapolis?
Median rent in Las Vegas is $1,456/month and in Minneapolis it's $1,329/month — a difference of $127/month.
Which city has higher income, Las Vegas or Minneapolis?
Median household income is $70,723 in Las Vegas and $80,269 in Minneapolis. Median household income is $9,546/year higher in Minneapolis.
How do taxes compare between Nevada and Minnesota?
Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax. Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax.
Should I move to Las Vegas or Minneapolis?
It depends on your priorities. Las Vegas has a cost index of 111 with median rent of $1,456/mo, while Minneapolis has a cost index of 102 with rent of $1,329/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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