Cost of Living: Minneapolis, MN vs Allen, TX (2026)

Minneapolis

Minnesota
102
VS

Allen

Texas
137

Minneapolis is 26% cheaper than Allen.

$1,329/mo ↓ 29%
Median Rent
$1,877/mo ↑ 41%
$80,269/yr ↓ 38%
Median Income
$129,130/yr ↑ 61%
$345,600 ↓ 20%
Home Value
$429,900 ↑ 24%
$1,513/mo ↓ 27%
Owner Costs
$2,083/mo ↑ 38%
426,845
Population
107,684

Tax Comparison

9.85%
Income Tax
0%
6.875%
State Sales Tax
6.25%
1.11%
Property Tax
1.6%

Affordability

19.9%
rent-to-income
Affordability
17.4%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Allen, TX, the overall cost of living indices are 102 and 137 respectively (national median = 100). Rent is $548/month cheaper in Minneapolis, saving renters about $6,576/year.

Median household income is $48,861/year higher in Allen. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $429,900 in Allen.

Texas has no state income tax, giving Allen residents a significant tax advantage over Minnesota's 9.85% rate.

Frequently Asked Questions

Minneapolis vs Allen — common questions

Is Minneapolis or Allen cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 137 (US average = 100).
What is the rent difference between Minneapolis and Allen?
Median rent in Minneapolis is $1,329/month and in Allen it's $1,877/month — a difference of $548/month.
Which city has higher income, Minneapolis or Allen?
Median household income is $80,269 in Minneapolis and $129,130 in Allen. Median household income is $48,861/year higher in Allen.
How do taxes compare between Minnesota and Texas?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Minneapolis or Allen?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Allen has a cost index of 137 with rent of $1,877/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Minneapolis details → View Allen details →

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