Cost of Living: Minneapolis, MN vs Clearwater, FL (2026)

Minneapolis

Minnesota
102
VS

Clearwater

Florida
105

Minneapolis is 3% cheaper than Clearwater.

$1,329/mo ↓ 14%
Median Rent
$1,539/mo ↑ 16%
$80,269/yr ↑ 25%
Median Income
$64,440/yr ↓ 20%
$345,600 ↑ 6%
Home Value
$326,100 ↓ 6%
$1,513/mo ↑ 7%
Owner Costs
$1,411/mo ↓ 7%
426,845
Population
117,075

Tax Comparison

9.85%
Income Tax
0%
6.875%
State Sales Tax
6.0%
1.11%
Property Tax
0.86%

Affordability

19.9%
rent-to-income
Affordability
28.7%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Clearwater, FL, the overall cost of living indices are 102 and 105 respectively (national median = 100). Rent is $210/month cheaper in Minneapolis, saving renters about $2,520/year.

Median household income is $15,829/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $326,100 in Clearwater.

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

Frequently Asked Questions

Minneapolis vs Clearwater — common questions

Is Minneapolis or Clearwater cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 105 (US average = 100).
What is the rent difference between Minneapolis and Clearwater?
Median rent in Minneapolis is $1,329/month and in Clearwater it's $1,539/month — a difference of $210/month.
Which city has higher income, Minneapolis or Clearwater?
Median household income is $80,269 in Minneapolis and $64,440 in Clearwater. Median household income is $15,829/year higher in Minneapolis.
How do taxes compare between Minnesota and Florida?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Minneapolis or Clearwater?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Clearwater has a cost index of 105 with rent of $1,539/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Minneapolis details → View Clearwater details →

More Comparisons

Other cost of living comparisons for Minneapolis and Clearwater

Minneapolis vs. Oakland Minneapolis vs. Tulsa Minneapolis vs. Miami Minneapolis vs. Bakersfield Minneapolis vs. Virginia Beach Minneapolis vs. Wichita Clearwater vs. North Charleston Clearwater vs. Lakeland Clearwater vs. Cambridge Clearwater vs. The Woodlands Clearwater vs. Richardson Clearwater vs. Evansville