Cost of Living: Minneapolis, MN vs Tampa, FL (2026)

Minneapolis

Minnesota
102
VS

Tampa

Florida
113

Minneapolis is 10% cheaper than Tampa.

$1,329/mo ↓ 15%
Median Rent
$1,567/mo ↑ 18%
$80,269/yr ↑ 13%
Median Income
$71,302/yr ↓ 11%
$345,600 ↓ 8%
Home Value
$375,300 ↑ 9%
$1,513/mo ↓ 3%
Owner Costs
$1,553/mo ↑ 3%
426,845
Population
393,389

Tax Comparison

9.85%
Income Tax
0%
6.875%
State Sales Tax
6.0%
1.11%
Property Tax
0.86%

Affordability

19.9%
rent-to-income
Affordability
26.4%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Tampa, FL, the overall cost of living indices are 102 and 113 respectively (national median = 100). Rent is $238/month cheaper in Minneapolis, saving renters about $2,856/year.

Median household income is $8,967/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $375,300 in Tampa.

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

Frequently Asked Questions

Minneapolis vs Tampa — common questions

Is Minneapolis or Tampa cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 113 (US average = 100).
What is the rent difference between Minneapolis and Tampa?
Median rent in Minneapolis is $1,329/month and in Tampa it's $1,567/month — a difference of $238/month.
Which city has higher income, Minneapolis or Tampa?
Median household income is $80,269 in Minneapolis and $71,302 in Tampa. Median household income is $8,967/year higher in Minneapolis.
How do taxes compare between Minnesota and Florida?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Minneapolis or Tampa?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Tampa has a cost index of 113 with rent of $1,567/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Minneapolis details → View Tampa details →

More Comparisons

Other cost of living comparisons for Minneapolis and Tampa

Minneapolis vs. Oakland Minneapolis vs. Tulsa Minneapolis vs. Miami Minneapolis vs. Bakersfield Minneapolis vs. Virginia Beach Minneapolis vs. Wichita Tampa vs. Arlington Tampa vs. Aurora Tampa vs. Wichita Tampa vs. New Orleans Tampa vs. Bakersfield Tampa vs. Cleveland