Cost of Living: Louisville, KY vs Minneapolis, MN (2026)

Louisville

Kentucky
74
VS

Minneapolis

Minnesota
102

Louisville is 27% cheaper than Minneapolis.

$1,069/mo ↓ 20%
Median Rent
$1,329/mo ↑ 24%
$64,731/yr ↓ 19%
Median Income
$80,269/yr ↑ 24%
$221,500 ↓ 36%
Home Value
$345,600 ↑ 56%
$1,118/mo ↓ 26%
Owner Costs
$1,513/mo ↑ 35%
627,210
Population
426,845

Tax Comparison

4.0%
Income Tax
9.85%
6.0%
State Sales Tax
6.875%
0.83%
Property Tax
1.11%

Affordability

19.8%
rent-to-income
Affordability
19.9%
rent-to-income

Detailed Comparison

When comparing Louisville, KY and Minneapolis, MN, the overall cost of living indices are 74 and 102 respectively (national median = 100). Rent is $260/month cheaper in Louisville, saving renters about $3,120/year.

Median household income is $15,538/year higher in Minneapolis. Home values also differ significantly — the median in Louisville is $221,500 compared to $345,600 in Minneapolis.

Kentucky has a lower income tax rate, making Louisville slightly more tax-friendly.

Frequently Asked Questions

Louisville vs Minneapolis — common questions

Is Louisville or Minneapolis cheaper to live in?
Based on our cost index, Louisville is cheaper to live in with an index of 74 compared to 102 (US average = 100).
What is the rent difference between Louisville and Minneapolis?
Median rent in Louisville is $1,069/month and in Minneapolis it's $1,329/month — a difference of $260/month.
Which city has higher income, Louisville or Minneapolis?
Median household income is $64,731 in Louisville and $80,269 in Minneapolis. Median household income is $15,538/year higher in Minneapolis.
How do taxes compare between Kentucky and Minnesota?
Kentucky has 4.0% income tax, 6.0% sales tax, and 0.83% property tax. Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax.
Should I move to Louisville or Minneapolis?
It depends on your priorities. Louisville has a cost index of 74 with median rent of $1,069/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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