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

Minneapolis

Minnesota
102
VS

Coral Springs

Florida
146

Minneapolis is 30% cheaper than Coral Springs.

$1,329/mo ↓ 32%
Median Rent
$1,951/mo ↑ 47%
$80,269/yr ↓ 11%
Median Income
$90,643/yr ↑ 13%
$345,600 ↓ 31%
Home Value
$502,700 ↑ 45%
$1,513/mo ↓ 23%
Owner Costs
$1,969/mo ↑ 30%
426,845
Population
133,962

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
25.8%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Coral Springs, FL, the overall cost of living indices are 102 and 146 respectively (national median = 100). Rent is $622/month cheaper in Minneapolis, saving renters about $7,464/year.

Median household income is $10,374/year higher in Coral Springs. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $502,700 in Coral Springs.

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

Frequently Asked Questions

Minneapolis vs Coral Springs — common questions

Is Minneapolis or Coral Springs cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 146 (US average = 100).
What is the rent difference between Minneapolis and Coral Springs?
Median rent in Minneapolis is $1,329/month and in Coral Springs it's $1,951/month — a difference of $622/month.
Which city has higher income, Minneapolis or Coral Springs?
Median household income is $80,269 in Minneapolis and $90,643 in Coral Springs. Median household income is $10,374/year higher in Coral Springs.
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 Coral Springs?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Coral Springs has a cost index of 146 with rent of $1,951/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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More Comparisons

Other cost of living comparisons for Minneapolis and Coral Springs

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