Cost of Living: Minneapolis, MN vs Chesapeake, VA (2026)

Minneapolis

Minnesota
102
VS

Chesapeake

Virginia
112

Minneapolis is 9% cheaper than Chesapeake.

$1,329/mo ↓ 13%
Median Rent
$1,523/mo ↑ 15%
$80,269/yr ↓ 15%
Median Income
$94,189/yr ↑ 17%
$345,600 ↓ 4%
Home Value
$359,100 ↑ 4%
$1,513/mo ↓ 10%
Owner Costs
$1,680/mo ↑ 11%
426,845
Population
251,153

Tax Comparison

9.85%
Income Tax
5.75%
6.875%
State Sales Tax
5.3%
1.11%
Property Tax
0.8%

Affordability

19.9%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Chesapeake, VA, the overall cost of living indices are 102 and 112 respectively (national median = 100). Rent is $194/month cheaper in Minneapolis, saving renters about $2,328/year.

Median household income is $13,920/year higher in Chesapeake. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $359,100 in Chesapeake.

Virginia has a lower income tax rate, making Chesapeake slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Chesapeake — common questions

Is Minneapolis or Chesapeake cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 112 (US average = 100).
What is the rent difference between Minneapolis and Chesapeake?
Median rent in Minneapolis is $1,329/month and in Chesapeake it's $1,523/month — a difference of $194/month.
Which city has higher income, Minneapolis or Chesapeake?
Median household income is $80,269 in Minneapolis and $94,189 in Chesapeake. Median household income is $13,920/year higher in Chesapeake.
How do taxes compare between Minnesota and Virginia?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax.
Should I move to Minneapolis or Chesapeake?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Chesapeake has a cost index of 112 with rent of $1,523/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Minneapolis details → View Chesapeake details →

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