Cost of Living: Minneapolis, MN vs Lincoln, NE (2026)

Minneapolis

Minnesota
102
VS

Lincoln

Nebraska
77

Minneapolis is 32% more expensive than Lincoln.

$1,329/mo ↑ 27%
Median Rent
$1,045/mo ↓ 21%
$80,269/yr ↑ 15%
Median Income
$69,991/yr ↓ 13%
$345,600 ↑ 39%
Home Value
$248,200 ↓ 28%
$1,513/mo ↑ 33%
Owner Costs
$1,140/mo ↓ 25%
426,845
Population
291,932

Tax Comparison

9.85%
Income Tax
6.64%
6.875%
State Sales Tax
5.5%
1.11%
Property Tax
1.73%

Affordability

19.9%
rent-to-income
Affordability
17.9%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Lincoln, NE, the overall cost of living indices are 102 and 77 respectively (national median = 100). Rent is $284/month cheaper in Lincoln, saving renters about $3,408/year.

Median household income is $10,278/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $248,200 in Lincoln.

Nebraska has a lower income tax rate, making Lincoln slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Lincoln — common questions

Is Minneapolis or Lincoln cheaper to live in?
Based on our cost index, Lincoln is cheaper to live in with an index of 77 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Lincoln?
Median rent in Minneapolis is $1,329/month and in Lincoln it's $1,045/month — a difference of $284/month.
Which city has higher income, Minneapolis or Lincoln?
Median household income is $80,269 in Minneapolis and $69,991 in Lincoln. Median household income is $10,278/year higher in Minneapolis.
How do taxes compare between Minnesota and Nebraska?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Nebraska has 6.64% income tax, 5.5% sales tax, and 1.73% property tax.
Should I move to Minneapolis or Lincoln?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Lincoln has a cost index of 77 with rent of $1,045/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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