Minneapolis, MN vs Tempe, AZ: 102 vs 120

$1,329/mo ↓ 18%

Median Rent

$1,623/mo ↑ 22%

$80,269/yr ↑ 3%

Median Income

$77,643/yr ↓ 3%

$345,600 ↓ 18%

Home Value

$421,900 ↑ 22%

$1,513/mo ↓ 3%

Owner Costs

$1,554/mo ↑ 3%

426,845

Population

186,419

Detailed Comparison

When comparing Minneapolis, MN and Tempe, AZ, the overall cost of living indices are 102 and 120 respectively (national median = 100). Rent is $294/month cheaper in Minneapolis, saving renters about $3,528/year.

Median household income is $2,626/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $421,900 in Tempe.

Arizona has a lower income tax rate, making Tempe slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Tempe — common questions

Is Minneapolis or Tempe cheaper to live in?

Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 120 (US average = 100).

What is the rent difference between Minneapolis and Tempe?

Median rent in Minneapolis is $1,329/month and in Tempe it's $1,623/month — a difference of $294/month.

Which city has higher income, Minneapolis or Tempe?

Median household income is $80,269 in Minneapolis and $77,643 in Tempe. Median household income is $2,626/year higher in Minneapolis.

How do taxes compare between Minnesota and Arizona?

Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax.

Should I move to Minneapolis or Tempe?

It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Tempe has a cost index of 120 with rent of $1,623/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Minneapolis, MN vs Tempe, AZ (2026)

Minneapolis

Tempe

Tax Comparison

Affordability

Detailed Comparison

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