Cost of Living: Minneapolis, MN vs Spring Valley, NV (2026)

Minneapolis

Minnesota
102
VS

Spring Valley

Nevada
119

Minneapolis is 14% cheaper than Spring Valley.

$1,329/mo ↓ 19%
Median Rent
$1,642/mo ↑ 24%
$80,269/yr ↑ 11%
Median Income
$72,364/yr ↓ 10%
$345,600 ↓ 15%
Home Value
$407,900 ↑ 18%
$1,513/mo ↓ 3%
Owner Costs
$1,554/mo ↑ 3%
426,845
Population
219,913

Tax Comparison

9.85%
Income Tax
0%
6.875%
State Sales Tax
6.85%
1.11%
Property Tax
0.53%

Affordability

19.9%
rent-to-income
Affordability
27.2%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Spring Valley, NV, the overall cost of living indices are 102 and 119 respectively (national median = 100). Rent is $313/month cheaper in Minneapolis, saving renters about $3,756/year.

Median household income is $7,905/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $407,900 in Spring Valley.

Nevada has no state income tax, giving Spring Valley residents a significant tax advantage over Minnesota's 9.85% rate.

Frequently Asked Questions

Minneapolis vs Spring Valley — common questions

Is Minneapolis or Spring Valley cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 119 (US average = 100).
What is the rent difference between Minneapolis and Spring Valley?
Median rent in Minneapolis is $1,329/month and in Spring Valley it's $1,642/month — a difference of $313/month.
Which city has higher income, Minneapolis or Spring Valley?
Median household income is $80,269 in Minneapolis and $72,364 in Spring Valley. Median household income is $7,905/year higher in Minneapolis.
How do taxes compare between Minnesota and Nevada?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax.
Should I move to Minneapolis or Spring Valley?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Spring Valley has a cost index of 119 with rent of $1,642/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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More Comparisons

Other cost of living comparisons for Minneapolis and Spring Valley

Minneapolis vs. Oakland Minneapolis vs. Tulsa Minneapolis vs. Miami Minneapolis vs. Bakersfield Minneapolis vs. Virginia Beach Minneapolis vs. Wichita Spring Valley vs. Port St. Lucie Spring Valley vs. Huntsville Spring Valley vs. Tacoma Spring Valley vs. Modesto Spring Valley vs. San Bernardino Spring Valley vs. Des Moines