Cost of Living: Minneapolis, MN vs Tacoma, WA (2026)

Minneapolis

Minnesota
102
VS

Tacoma

Washington
126

Minneapolis is 19% cheaper than Tacoma.

$1,329/mo ↓ 17%
Median Rent
$1,597/mo ↑ 20%
$80,269/yr ↓ 4%
Median Income
$83,857/yr ↑ 4%
$345,600 ↓ 24%
Home Value
$454,600 ↑ 32%
$1,513/mo ↓ 13%
Owner Costs
$1,747/mo ↑ 15%
426,845
Population
220,482

Tax Comparison

9.85%
Income Tax
0%
6.875%
State Sales Tax
6.5%
1.11%
Property Tax
0.92%

Affordability

19.9%
rent-to-income
Affordability
22.9%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Tacoma, WA, the overall cost of living indices are 102 and 126 respectively (national median = 100). Rent is $268/month cheaper in Minneapolis, saving renters about $3,216/year.

Median household income is $3,588/year higher in Tacoma. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $454,600 in Tacoma.

Washington has no state income tax, giving Tacoma residents a significant tax advantage over Minnesota's 9.85% rate.

Frequently Asked Questions

Minneapolis vs Tacoma — common questions

Is Minneapolis or Tacoma cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 126 (US average = 100).
What is the rent difference between Minneapolis and Tacoma?
Median rent in Minneapolis is $1,329/month and in Tacoma it's $1,597/month — a difference of $268/month.
Which city has higher income, Minneapolis or Tacoma?
Median household income is $80,269 in Minneapolis and $83,857 in Tacoma. Median household income is $3,588/year higher in Tacoma.
How do taxes compare between Minnesota and Washington?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Washington has 0% income tax, 6.5% sales tax, and 0.92% property tax.
Should I move to Minneapolis or Tacoma?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Tacoma has a cost index of 126 with rent of $1,597/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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