Cost of Living: Minneapolis, MN vs Irving, TX (2026)

Minneapolis

Minnesota
102
VS

Irving

Texas
102

Minneapolis and Irving have a similar cost of living.

$1,329/mo ↓ 12%
Median Rent
$1,517/mo ↑ 14%
$80,269/yr ≈ Same
Median Income
$79,641/yr ≈ Same
$345,600 ↑ 20%
Home Value
$287,300 ↓ 17%
$1,513/mo ≈ Same
Owner Costs
$1,521/mo ≈ Same
426,845
Population
255,036

Tax Comparison

9.85%
Income Tax
0%
6.875%
State Sales Tax
6.25%
1.11%
Property Tax
1.6%

Affordability

19.9%
rent-to-income
Affordability
22.9%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Irving, TX, the overall cost of living indices are 102 and 102 respectively (national median = 100). Rent is $188/month cheaper in Minneapolis, saving renters about $2,256/year.

Median household income is $628/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $287,300 in Irving.

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

Frequently Asked Questions

Minneapolis vs Irving — common questions

Is Minneapolis or Irving cheaper to live in?
Based on our cost index, Irving is cheaper to live in with an index of 102 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Irving?
Median rent in Minneapolis is $1,329/month and in Irving it's $1,517/month — a difference of $188/month.
Which city has higher income, Minneapolis or Irving?
Median household income is $80,269 in Minneapolis and $79,641 in Irving. Median household income is $628/year higher in Minneapolis.
How do taxes compare between Minnesota and Texas?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Minneapolis or Irving?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Irving has a cost index of 102 with rent of $1,517/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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