Cost of Living: Minneapolis, MN vs Springfield, MO (2026)

Minneapolis

Minnesota
102
VS

Springfield

Missouri
60

Minneapolis is 70% more expensive than Springfield.

$1,329/mo ↑ 44%
Median Rent
$920/mo ↓ 31%
$80,269/yr ↑ 75%
Median Income
$45,984/yr ↓ 43%
$345,600 ↑ 109%
Home Value
$165,200 ↓ 52%
$1,513/mo ↑ 67%
Owner Costs
$908/mo ↓ 40%
426,845
Population
169,432

Tax Comparison

9.85%
Income Tax
4.95%
6.875%
State Sales Tax
4.225%
1.11%
Property Tax
0.93%

Affordability

19.9%
rent-to-income
Affordability
24.0%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Springfield, MO, the overall cost of living indices are 102 and 60 respectively (national median = 100). Rent is $409/month cheaper in Springfield, saving renters about $4,908/year.

Median household income is $34,285/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $165,200 in Springfield.

Missouri has a lower income tax rate, making Springfield slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Springfield — common questions

Is Minneapolis or Springfield cheaper to live in?
Based on our cost index, Springfield is cheaper to live in with an index of 60 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Springfield?
Median rent in Minneapolis is $1,329/month and in Springfield it's $920/month — a difference of $409/month.
Which city has higher income, Minneapolis or Springfield?
Median household income is $80,269 in Minneapolis and $45,984 in Springfield. Median household income is $34,285/year higher in Minneapolis.
How do taxes compare between Minnesota and Missouri?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax.
Should I move to Minneapolis or Springfield?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Springfield has a cost index of 60 with rent of $920/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Minneapolis details → View Springfield details →

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