Cost of Living: Minneapolis, MN vs Henderson, NV (2026)

Minneapolis

Minnesota
102
VS

Henderson

Nevada
131

Minneapolis is 22% cheaper than Henderson.

$1,329/mo ↓ 24%
Median Rent
$1,750/mo ↑ 32%
$80,269/yr ↓ 9%
Median Income
$88,654/yr ↑ 10%
$345,600 ↓ 26%
Home Value
$465,000 ↑ 35%
$1,513/mo ↓ 10%
Owner Costs
$1,686/mo ↑ 11%
426,845
Population
324,523

Tax Comparison

9.85%
Income Tax
0%
6.875%
State Sales Tax
6.85%
1.11%
Property Tax
0.53%

Affordability

19.9%
rent-to-income
Affordability
23.7%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Henderson, NV, the overall cost of living indices are 102 and 131 respectively (national median = 100). Rent is $421/month cheaper in Minneapolis, saving renters about $5,052/year.

Median household income is $8,385/year higher in Henderson. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $465,000 in Henderson.

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

Frequently Asked Questions

Minneapolis vs Henderson — common questions

Is Minneapolis or Henderson cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 131 (US average = 100).
What is the rent difference between Minneapolis and Henderson?
Median rent in Minneapolis is $1,329/month and in Henderson it's $1,750/month — a difference of $421/month.
Which city has higher income, Minneapolis or Henderson?
Median household income is $80,269 in Minneapolis and $88,654 in Henderson. Median household income is $8,385/year higher in Henderson.
How do taxes compare between Minnesota and Nevada?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax.
Should I move to Minneapolis or Henderson?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Henderson has a cost index of 131 with rent of $1,750/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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