Cost of Living: Minneapolis, MN vs New Haven, CT (2026)

Minneapolis

Minnesota
102
VS

New Haven

Connecticut
95

Minneapolis is 7% more expensive than New Haven.

$1,329/mo ↓ 8%
Median Rent
$1,442/mo ↑ 9%
$80,269/yr ↑ 49%
Median Income
$53,771/yr ↓ 33%
$345,600 ↑ 39%
Home Value
$249,000 ↓ 28%
$1,513/mo ≈ Same
Owner Costs
$1,520/mo ≈ Same
426,845
Population
132,893

Tax Comparison

9.85%
Income Tax
6.99%
6.875%
State Sales Tax
6.35%
1.11%
Property Tax
2.15%

Affordability

19.9%
rent-to-income
Affordability
32.2%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and New Haven, CT, the overall cost of living indices are 102 and 95 respectively (national median = 100). Rent is $113/month cheaper in Minneapolis, saving renters about $1,356/year.

Median household income is $26,498/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $249,000 in New Haven.

Connecticut has a lower income tax rate, making New Haven slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs New Haven — common questions

Is Minneapolis or New Haven cheaper to live in?
Based on our cost index, New Haven is cheaper to live in with an index of 95 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and New Haven?
Median rent in Minneapolis is $1,329/month and in New Haven it's $1,442/month — a difference of $113/month.
Which city has higher income, Minneapolis or New Haven?
Median household income is $80,269 in Minneapolis and $53,771 in New Haven. Median household income is $26,498/year higher in Minneapolis.
How do taxes compare between Minnesota and Connecticut?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Connecticut has 6.99% income tax, 6.35% sales tax, and 2.15% property tax.
Should I move to Minneapolis or New Haven?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while New Haven has a cost index of 95 with rent of $1,442/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Minneapolis details → View New Haven details →

More Comparisons

Other cost of living comparisons for Minneapolis and New Haven

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