Cost of Living: Minneapolis, MN vs Fayetteville, NC (2026)

Minneapolis

Minnesota
102
VS

Fayetteville

North Carolina
73

Minneapolis is 40% more expensive than Fayetteville.

$1,329/mo ↑ 13%
Median Rent
$1,179/mo ↓ 11%
$80,269/yr ↑ 42%
Median Income
$56,395/yr ↓ 30%
$345,600 ↑ 101%
Home Value
$171,900 ↓ 50%
$1,513/mo ↑ 31%
Owner Costs
$1,156/mo ↓ 24%
426,845
Population
209,692

Tax Comparison

9.85%
Income Tax
4.5%
6.875%
State Sales Tax
4.75%
1.11%
Property Tax
0.8%

Affordability

19.9%
rent-to-income
Affordability
25.1%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Fayetteville, NC, the overall cost of living indices are 102 and 73 respectively (national median = 100). Rent is $150/month cheaper in Fayetteville, saving renters about $1,800/year.

Median household income is $23,874/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $171,900 in Fayetteville.

North Carolina has a lower income tax rate, making Fayetteville slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Fayetteville — common questions

Is Minneapolis or Fayetteville cheaper to live in?
Based on our cost index, Fayetteville is cheaper to live in with an index of 73 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Fayetteville?
Median rent in Minneapolis is $1,329/month and in Fayetteville it's $1,179/month — a difference of $150/month.
Which city has higher income, Minneapolis or Fayetteville?
Median household income is $80,269 in Minneapolis and $56,395 in Fayetteville. Median household income is $23,874/year higher in Minneapolis.
How do taxes compare between Minnesota and North Carolina?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. North Carolina has 4.5% income tax, 4.75% sales tax, and 0.8% property tax.
Should I move to Minneapolis or Fayetteville?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Fayetteville has a cost index of 73 with rent of $1,179/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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More Comparisons

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