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

Minneapolis

Minnesota
102
VS

Fort Lauderdale

Florida
132

Minneapolis is 23% cheaper than Fort Lauderdale.

$1,329/mo ↓ 25%
Median Rent
$1,776/mo ↑ 34%
$80,269/yr ≈ Same
Median Income
$79,935/yr ≈ Same
$345,600 ↓ 24%
Home Value
$455,600 ↑ 32%
$1,513/mo ↓ 15%
Owner Costs
$1,778/mo ↑ 18%
426,845
Population
183,032

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
26.7%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Fort Lauderdale, FL, the overall cost of living indices are 102 and 132 respectively (national median = 100). Rent is $447/month cheaper in Minneapolis, saving renters about $5,364/year.

Median household income is $334/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $455,600 in Fort Lauderdale.

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

Frequently Asked Questions

Minneapolis vs Fort Lauderdale — common questions

Is Minneapolis or Fort Lauderdale cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 132 (US average = 100).
What is the rent difference between Minneapolis and Fort Lauderdale?
Median rent in Minneapolis is $1,329/month and in Fort Lauderdale it's $1,776/month — a difference of $447/month.
Which city has higher income, Minneapolis or Fort Lauderdale?
Median household income is $80,269 in Minneapolis and $79,935 in Fort Lauderdale. Median household income is $334/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 Fort Lauderdale?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Fort Lauderdale has a cost index of 132 with rent of $1,776/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Minneapolis details → View Fort Lauderdale details →

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