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

Minneapolis

Minnesota
102
VS

Fort Collins

Colorado
137

Minneapolis is 26% cheaper than Fort Collins.

$1,329/mo ↓ 20%
Median Rent
$1,661/mo ↑ 25%
$80,269/yr ↓ 4%
Median Income
$83,598/yr ↑ 4%
$345,600 ↓ 37%
Home Value
$548,400 ↑ 59%
$1,513/mo ↓ 11%
Owner Costs
$1,692/mo ↑ 12%
426,845
Population
169,705

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
23.8%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Fort Collins, CO, the overall cost of living indices are 102 and 137 respectively (national median = 100). Rent is $332/month cheaper in Minneapolis, saving renters about $3,984/year.

Median household income is $3,329/year higher in Fort Collins. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $548,400 in Fort Collins.

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

Frequently Asked Questions

Minneapolis vs Fort Collins — common questions

Is Minneapolis or Fort Collins cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 137 (US average = 100).
What is the rent difference between Minneapolis and Fort Collins?
Median rent in Minneapolis is $1,329/month and in Fort Collins it's $1,661/month — a difference of $332/month.
Which city has higher income, Minneapolis or Fort Collins?
Median household income is $80,269 in Minneapolis and $83,598 in Fort Collins. Median household income is $3,329/year higher in Fort Collins.
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 Fort Collins?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Fort Collins has a cost index of 137 with rent of $1,661/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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