Cost of Living: Minneapolis, MN vs Syracuse, NY (2026)

Minneapolis

Minnesota
102
VS

Syracuse

New York
59

Minneapolis is 73% more expensive than Syracuse.

$1,329/mo ↑ 33%
Median Rent
$998/mo ↓ 25%
$80,269/yr ↑ 75%
Median Income
$45,845/yr ↓ 43%
$345,600 ↑ 176%
Home Value
$125,100 ↓ 64%
$1,513/mo ↑ 54%
Owner Costs
$980/mo ↓ 35%
426,845
Population
146,211

Tax Comparison

9.85%
Income Tax
10.9%
6.875%
State Sales Tax
4.0%
1.11%
Property Tax
1.62%

Affordability

19.9%
rent-to-income
Affordability
26.1%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Syracuse, NY, the overall cost of living indices are 102 and 59 respectively (national median = 100). Rent is $331/month cheaper in Syracuse, saving renters about $3,972/year.

Median household income is $34,424/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $125,100 in Syracuse.

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

Frequently Asked Questions

Minneapolis vs Syracuse — common questions

Is Minneapolis or Syracuse cheaper to live in?
Based on our cost index, Syracuse is cheaper to live in with an index of 59 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Syracuse?
Median rent in Minneapolis is $1,329/month and in Syracuse it's $998/month — a difference of $331/month.
Which city has higher income, Minneapolis or Syracuse?
Median household income is $80,269 in Minneapolis and $45,845 in Syracuse. Median household income is $34,424/year higher in Minneapolis.
How do taxes compare between Minnesota and New York?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax.
Should I move to Minneapolis or Syracuse?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Syracuse has a cost index of 59 with rent of $998/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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