Cost of Living: Minneapolis, MN vs Lexington, KY (2026)

Minneapolis

Minnesota
102
VS

Lexington

Kentucky
82

Minneapolis is 24% more expensive than Lexington.

$1,329/mo ↑ 21%
Median Rent
$1,101/mo ↓ 17%
$80,269/yr ↑ 19%
Median Income
$67,631/yr ↓ 16%
$345,600 ↑ 27%
Home Value
$272,100 ↓ 21%
$1,513/mo ↑ 30%
Owner Costs
$1,160/mo ↓ 23%
426,845
Population
321,122

Tax Comparison

9.85%
Income Tax
4.0%
6.875%
State Sales Tax
6.0%
1.11%
Property Tax
0.83%

Affordability

19.9%
rent-to-income
Affordability
19.5%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Lexington, KY, the overall cost of living indices are 102 and 82 respectively (national median = 100). Rent is $228/month cheaper in Lexington, saving renters about $2,736/year.

Median household income is $12,638/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $272,100 in Lexington.

Kentucky has a lower income tax rate, making Lexington slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Lexington — common questions

Is Minneapolis or Lexington cheaper to live in?
Based on our cost index, Lexington is cheaper to live in with an index of 82 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Lexington?
Median rent in Minneapolis is $1,329/month and in Lexington it's $1,101/month — a difference of $228/month.
Which city has higher income, Minneapolis or Lexington?
Median household income is $80,269 in Minneapolis and $67,631 in Lexington. Median household income is $12,638/year higher in Minneapolis.
How do taxes compare between Minnesota and Kentucky?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Kentucky has 4.0% income tax, 6.0% sales tax, and 0.83% property tax.
Should I move to Minneapolis or Lexington?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Lexington has a cost index of 82 with rent of $1,101/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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