Cost of Living: Minneapolis, MN vs The Woodlands, TX (2026)

Minneapolis

Minnesota
102
VS

The Woodlands

Texas
139

Minneapolis is 27% cheaper than The Woodlands.

$1,329/mo ↓ 26%
Median Rent
$1,792/mo ↑ 35%
$80,269/yr ↓ 43%
Median Income
$141,353/yr ↑ 76%
$345,600 ↓ 28%
Home Value
$479,400 ↑ 39%
$1,513/mo ↓ 25%
Owner Costs
$2,005/mo ↑ 33%
426,845
Population
116,916

Tax Comparison

9.85%
Income Tax
0%
6.875%
State Sales Tax
6.25%
1.11%
Property Tax
1.6%

Affordability

19.9%
rent-to-income
Affordability
15.2%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and The Woodlands, TX, the overall cost of living indices are 102 and 139 respectively (national median = 100). Rent is $463/month cheaper in Minneapolis, saving renters about $5,556/year.

Median household income is $61,084/year higher in The Woodlands. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $479,400 in The Woodlands.

Texas has no state income tax, giving The Woodlands residents a significant tax advantage over Minnesota's 9.85% rate.

Frequently Asked Questions

Minneapolis vs The Woodlands — common questions

Is Minneapolis or The Woodlands cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 139 (US average = 100).
What is the rent difference between Minneapolis and The Woodlands?
Median rent in Minneapolis is $1,329/month and in The Woodlands it's $1,792/month — a difference of $463/month.
Which city has higher income, Minneapolis or The Woodlands?
Median household income is $80,269 in Minneapolis and $141,353 in The Woodlands. Median household income is $61,084/year higher in The Woodlands.
How do taxes compare between Minnesota and Texas?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Minneapolis or The Woodlands?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while The Woodlands has a cost index of 139 with rent of $1,792/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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More Comparisons

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