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

Minneapolis

Minnesota
102
VS

Riverview

Florida
122

Minneapolis is 16% cheaper than Riverview.

$1,329/mo ↓ 30%
Median Rent
$1,890/mo ↑ 42%
$80,269/yr ↓ 16%
Median Income
$95,442/yr ↑ 19%
$345,600 ↑ 1%
Home Value
$341,200 ↓ 1%
$1,513/mo ↓ 14%
Owner Costs
$1,767/mo ↑ 17%
426,845
Population
107,776

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
23.8%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Riverview, FL, the overall cost of living indices are 102 and 122 respectively (national median = 100). Rent is $561/month cheaper in Minneapolis, saving renters about $6,732/year.

Median household income is $15,173/year higher in Riverview. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $341,200 in Riverview.

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

Frequently Asked Questions

Minneapolis vs Riverview — common questions

Is Minneapolis or Riverview cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 122 (US average = 100).
What is the rent difference between Minneapolis and Riverview?
Median rent in Minneapolis is $1,329/month and in Riverview it's $1,890/month — a difference of $561/month.
Which city has higher income, Minneapolis or Riverview?
Median household income is $80,269 in Minneapolis and $95,442 in Riverview. Median household income is $15,173/year higher in Riverview.
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 Riverview?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Riverview has a cost index of 122 with rent of $1,890/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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