Cost of Living: Minneapolis, MN vs Independence, MO (2026)

Minneapolis

Minnesota
102
VS

Independence

Missouri
67

Minneapolis is 52% more expensive than Independence.

$1,329/mo ↑ 25%
Median Rent
$1,061/mo ↓ 20%
$80,269/yr ↑ 35%
Median Income
$59,480/yr ↓ 26%
$345,600 ↑ 108%
Home Value
$166,400 ↓ 52%
$1,513/mo ↑ 45%
Owner Costs
$1,046/mo ↓ 31%
426,845
Population
121,944

Tax Comparison

9.85%
Income Tax
4.95%
6.875%
State Sales Tax
4.225%
1.11%
Property Tax
0.93%

Affordability

19.9%
rent-to-income
Affordability
21.4%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Independence, MO, the overall cost of living indices are 102 and 67 respectively (national median = 100). Rent is $268/month cheaper in Independence, saving renters about $3,216/year.

Median household income is $20,789/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $166,400 in Independence.

Missouri has a lower income tax rate, making Independence slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Independence — common questions

Is Minneapolis or Independence cheaper to live in?
Based on our cost index, Independence is cheaper to live in with an index of 67 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Independence?
Median rent in Minneapolis is $1,329/month and in Independence it's $1,061/month — a difference of $268/month.
Which city has higher income, Minneapolis or Independence?
Median household income is $80,269 in Minneapolis and $59,480 in Independence. Median household income is $20,789/year higher in Minneapolis.
How do taxes compare between Minnesota and Missouri?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax.
Should I move to Minneapolis or Independence?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Independence has a cost index of 67 with rent of $1,061/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Minneapolis details → View Independence details →

More Comparisons

Other cost of living comparisons for Minneapolis and Independence

Minneapolis vs. Oakland Minneapolis vs. Tulsa Minneapolis vs. Miami Minneapolis vs. Bakersfield Minneapolis vs. Virginia Beach Minneapolis vs. Wichita Independence vs. College Station Independence vs. Rochester Independence vs. Clovis Independence vs. Lafayette Independence vs. Arvada Independence vs. Ann Arbor