Cost of Living: Minneapolis, MN vs Paterson, NJ (2026)

Minneapolis

Minnesota
102
VS

Paterson

New Jersey
106

Minneapolis is 4% cheaper than Paterson.

$1,329/mo ↓ 9%
Median Rent
$1,457/mo ↑ 10%
$80,269/yr ↑ 49%
Median Income
$53,766/yr ↓ 33%
$345,600 ↑ 3%
Home Value
$335,400 ↓ 3%
$1,513/mo ↓ 3%
Owner Costs
$1,553/mo ↑ 3%
426,845
Population
157,660

Tax Comparison

9.85%
Income Tax
10.75%
6.875%
State Sales Tax
6.625%
1.11%
Property Tax
2.23%

Affordability

19.9%
rent-to-income
Affordability
32.5%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Paterson, NJ, the overall cost of living indices are 102 and 106 respectively (national median = 100). Rent is $128/month cheaper in Minneapolis, saving renters about $1,536/year.

Median household income is $26,503/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $335,400 in Paterson.

Minnesota has a lower income tax rate, making Minneapolis slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Paterson — common questions

Is Minneapolis or Paterson cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 106 (US average = 100).
What is the rent difference between Minneapolis and Paterson?
Median rent in Minneapolis is $1,329/month and in Paterson it's $1,457/month — a difference of $128/month.
Which city has higher income, Minneapolis or Paterson?
Median household income is $80,269 in Minneapolis and $53,766 in Paterson. Median household income is $26,503/year higher in Minneapolis.
How do taxes compare between Minnesota and New Jersey?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.
Should I move to Minneapolis or Paterson?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Paterson has a cost index of 106 with rent of $1,457/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Minneapolis details → View Paterson details →

More Comparisons

Other cost of living comparisons for Minneapolis and Paterson

Minneapolis vs. Oakland Minneapolis vs. Tulsa Minneapolis vs. Miami Minneapolis vs. Bakersfield Minneapolis vs. Virginia Beach Minneapolis vs. Wichita Paterson vs. Corona Paterson vs. Murfreesboro Paterson vs. Hayward Paterson vs. Alexandria Paterson vs. Salinas Paterson vs. Macon