Cost of Living: Minneapolis, MN vs Peoria, AZ (2026)

Minneapolis

Minnesota
102
VS

Peoria

Arizona
125

Minneapolis is 18% cheaper than Peoria.

$1,329/mo ↓ 24%
Median Rent
$1,743/mo ↑ 31%
$80,269/yr ↓ 14%
Median Income
$93,403/yr ↑ 16%
$345,600 ↓ 20%
Home Value
$429,400 ↑ 24%
$1,513/mo ↓ 5%
Owner Costs
$1,589/mo ↑ 5%
426,845
Population
194,338

Tax Comparison

9.85%
Income Tax
2.5%
6.875%
State Sales Tax
5.6%
1.11%
Property Tax
0.62%

Affordability

19.9%
rent-to-income
Affordability
22.4%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Peoria, AZ, the overall cost of living indices are 102 and 125 respectively (national median = 100). Rent is $414/month cheaper in Minneapolis, saving renters about $4,968/year.

Median household income is $13,134/year higher in Peoria. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $429,400 in Peoria.

Arizona has a lower income tax rate, making Peoria slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Peoria — common questions

Is Minneapolis or Peoria cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 125 (US average = 100).
What is the rent difference between Minneapolis and Peoria?
Median rent in Minneapolis is $1,329/month and in Peoria it's $1,743/month — a difference of $414/month.
Which city has higher income, Minneapolis or Peoria?
Median household income is $80,269 in Minneapolis and $93,403 in Peoria. Median household income is $13,134/year higher in Peoria.
How do taxes compare between Minnesota and Arizona?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax.
Should I move to Minneapolis or Peoria?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Peoria has a cost index of 125 with rent of $1,743/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Minneapolis details → View Peoria details →

More Comparisons

Other cost of living comparisons for Minneapolis and Peoria

Minneapolis vs. Oakland Minneapolis vs. Tulsa Minneapolis vs. Miami Minneapolis vs. Bakersfield Minneapolis vs. Virginia Beach Minneapolis vs. Wichita Peoria vs. Huntington Beach Peoria vs. Knoxville Peoria vs. Overland Park Peoria vs. Vancouver Peoria vs. Sioux Falls Peoria vs. Glendale