Cost of Living: Minneapolis, MN vs Salt Lake City, UT (2026)

Minneapolis

Minnesota
102
VS

Salt Lake City

Utah
117

Minneapolis is 13% cheaper than Salt Lake City.

$1,329/mo ↓ 1%
Median Rent
$1,343/mo ↑ 1%
$80,269/yr ↑ 7%
Median Income
$74,925/yr ↓ 7%
$345,600 ↓ 30%
Home Value
$495,700 ↑ 43%
$1,513/mo ↑ 9%
Owner Costs
$1,394/mo ↓ 8%
426,845
Population
203,888

Tax Comparison

9.85%
Income Tax
4.65%
6.875%
State Sales Tax
6.1%
1.11%
Property Tax
0.58%

Affordability

19.9%
rent-to-income
Affordability
21.5%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Salt Lake City, UT, the overall cost of living indices are 102 and 117 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $5,344/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $495,700 in Salt Lake City.

Utah has a lower income tax rate, making Salt Lake City slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Salt Lake City — common questions

Is Minneapolis or Salt Lake City cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 117 (US average = 100).
What is the rent difference between Minneapolis and Salt Lake City?
Median rent in Minneapolis is $1,329/month and in Salt Lake City it's $1,343/month — a difference of $14/month.
Which city has higher income, Minneapolis or Salt Lake City?
Median household income is $80,269 in Minneapolis and $74,925 in Salt Lake City. Median household income is $5,344/year higher in Minneapolis.
How do taxes compare between Minnesota and Utah?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Utah has 4.65% income tax, 6.1% sales tax, and 0.58% property tax.
Should I move to Minneapolis or Salt Lake City?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Salt Lake City has a cost index of 117 with rent of $1,343/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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