Cost of Living: Minneapolis, MN vs Simi Valley, CA (2026)

Minneapolis

Minnesota
102
VS

Simi Valley

California
200

Minneapolis is 49% cheaper than Simi Valley.

$1,329/mo ↓ 47%
Median Rent
$2,513/mo ↑ 89%
$80,269/yr ↓ 32%
Median Income
$117,703/yr ↑ 47%
$345,600 ↓ 54%
Home Value
$753,500 ↑ 118%
$1,513/mo ↓ 41%
Owner Costs
$2,576/mo ↑ 70%
426,845
Population
125,769

Tax Comparison

9.85%
Income Tax
13.3%
6.875%
State Sales Tax
7.25%
1.11%
Property Tax
0.71%

Affordability

19.9%
rent-to-income
Affordability
25.6%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Simi Valley, CA, the overall cost of living indices are 102 and 200 respectively (national median = 100). Rent is $1,184/month cheaper in Minneapolis, saving renters about $14,208/year.

Median household income is $37,434/year higher in Simi Valley. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $753,500 in Simi Valley.

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

Frequently Asked Questions

Minneapolis vs Simi Valley — common questions

Is Minneapolis or Simi Valley cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 200 (US average = 100).
What is the rent difference between Minneapolis and Simi Valley?
Median rent in Minneapolis is $1,329/month and in Simi Valley it's $2,513/month — a difference of $1,184/month.
Which city has higher income, Minneapolis or Simi Valley?
Median household income is $80,269 in Minneapolis and $117,703 in Simi Valley. Median household income is $37,434/year higher in Simi Valley.
How do taxes compare between Minnesota and California?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. California has 13.3% income tax, 7.25% sales tax, and 0.71% property tax.
Should I move to Minneapolis or Simi Valley?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Simi Valley has a cost index of 200 with rent of $2,513/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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