Cost of Living: Minneapolis, MN vs Montgomery, AL (2026)

Minneapolis

Minnesota
102
VS

Montgomery

Alabama
64

Minneapolis is 59% more expensive than Montgomery.

$1,329/mo ↑ 25%
Median Rent
$1,059/mo ↓ 20%
$80,269/yr ↑ 44%
Median Income
$55,687/yr ↓ 31%
$345,600 ↑ 133%
Home Value
$148,500 ↓ 57%
$1,513/mo ↑ 48%
Owner Costs
$1,023/mo ↓ 32%
426,845
Population
198,440

Tax Comparison

9.85%
Income Tax
5.0%
6.875%
State Sales Tax
4.0%
1.11%
Property Tax
0.41%

Affordability

19.9%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Montgomery, AL, the overall cost of living indices are 102 and 64 respectively (national median = 100). Rent is $270/month cheaper in Montgomery, saving renters about $3,240/year.

Median household income is $24,582/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $148,500 in Montgomery.

Alabama has a lower income tax rate, making Montgomery slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Montgomery — common questions

Is Minneapolis or Montgomery cheaper to live in?
Based on our cost index, Montgomery is cheaper to live in with an index of 64 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Montgomery?
Median rent in Minneapolis is $1,329/month and in Montgomery it's $1,059/month — a difference of $270/month.
Which city has higher income, Minneapolis or Montgomery?
Median household income is $80,269 in Minneapolis and $55,687 in Montgomery. Median household income is $24,582/year higher in Minneapolis.
How do taxes compare between Minnesota and Alabama?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Alabama has 5.0% income tax, 4.0% sales tax, and 0.41% property tax.
Should I move to Minneapolis or Montgomery?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Montgomery has a cost index of 64 with rent of $1,059/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Minneapolis details → View Montgomery details →

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