Cost of Living: Minneapolis, MN vs Arvada, CO (2026)

Minneapolis

Minnesota
102
VS

Arvada

Colorado
152

Minneapolis is 33% cheaper than Arvada.

$1,329/mo ↓ 26%
Median Rent
$1,802/mo ↑ 36%
$80,269/yr ↓ 29%
Median Income
$113,396/yr ↑ 41%
$345,600 ↓ 42%
Home Value
$600,800 ↑ 74%
$1,513/mo ↓ 22%
Owner Costs
$1,948/mo ↑ 29%
426,845
Population
122,835

Tax Comparison

9.85%
Income Tax
4.4%
6.875%
State Sales Tax
2.9%
1.11%
Property Tax
0.51%

Affordability

19.9%
rent-to-income
Affordability
19.1%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Arvada, CO, the overall cost of living indices are 102 and 152 respectively (national median = 100). Rent is $473/month cheaper in Minneapolis, saving renters about $5,676/year.

Median household income is $33,127/year higher in Arvada. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $600,800 in Arvada.

Colorado has a lower income tax rate, making Arvada slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Arvada — common questions

Is Minneapolis or Arvada cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 152 (US average = 100).
What is the rent difference between Minneapolis and Arvada?
Median rent in Minneapolis is $1,329/month and in Arvada it's $1,802/month — a difference of $473/month.
Which city has higher income, Minneapolis or Arvada?
Median household income is $80,269 in Minneapolis and $113,396 in Arvada. Median household income is $33,127/year higher in Arvada.
How do taxes compare between Minnesota and Colorado?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Minneapolis or Arvada?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Arvada has a cost index of 152 with rent of $1,802/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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