Cost of Living: Minneapolis, MN vs Pompano Beach, FL (2026)

Minneapolis

Minnesota
102
VS

Pompano Beach

Florida
109

Minneapolis is 6% cheaper than Pompano Beach.

$1,329/mo ↓ 19%
Median Rent
$1,636/mo ↑ 23%
$80,269/yr ↑ 26%
Median Income
$63,832/yr ↓ 20%
$345,600 ↑ 7%
Home Value
$321,900 ↓ 7%
$1,513/mo ≈ Same
Owner Costs
$1,527/mo ≈ Same
426,845
Population
112,212

Tax Comparison

9.85%
Income Tax
0%
6.875%
State Sales Tax
6.0%
1.11%
Property Tax
0.86%

Affordability

19.9%
rent-to-income
Affordability
30.8%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Pompano Beach, FL, the overall cost of living indices are 102 and 109 respectively (national median = 100). Rent is $307/month cheaper in Minneapolis, saving renters about $3,684/year.

Median household income is $16,437/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $321,900 in Pompano Beach.

Florida has no state income tax, giving Pompano Beach residents a significant tax advantage over Minnesota's 9.85% rate.

Frequently Asked Questions

Minneapolis vs Pompano Beach — common questions

Is Minneapolis or Pompano Beach cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 109 (US average = 100).
What is the rent difference between Minneapolis and Pompano Beach?
Median rent in Minneapolis is $1,329/month and in Pompano Beach it's $1,636/month — a difference of $307/month.
Which city has higher income, Minneapolis or Pompano Beach?
Median household income is $80,269 in Minneapolis and $63,832 in Pompano Beach. Median household income is $16,437/year higher in Minneapolis.
How do taxes compare between Minnesota and Florida?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Minneapolis or Pompano Beach?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Pompano Beach has a cost index of 109 with rent of $1,636/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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