Cost of Living: Minneapolis, MN vs Thousand Oaks, CA (2026)

Minneapolis

Minnesota
102
VS

Thousand Oaks

California
226

Minneapolis is 55% cheaper than Thousand Oaks.

$1,329/mo ↓ 48%
Median Rent
$2,580/mo ↑ 94%
$80,269/yr ↓ 40%
Median Income
$134,367/yr ↑ 67%
$345,600 ↓ 64%
Home Value
$951,200 ↑ 175%
$1,513/mo ↓ 44%
Owner Costs
$2,726/mo ↑ 80%
426,845
Population
125,676

Tax Comparison

9.85%
Income Tax
13.3%
6.875%
State Sales Tax
7.25%
1.11%
Property Tax
0.71%

Affordability

19.9%
rent-to-income
Affordability
23.0%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Thousand Oaks, CA, the overall cost of living indices are 102 and 226 respectively (national median = 100). Rent is $1,251/month cheaper in Minneapolis, saving renters about $15,012/year.

Median household income is $54,098/year higher in Thousand Oaks. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $951,200 in Thousand Oaks.

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

Frequently Asked Questions

Minneapolis vs Thousand Oaks — common questions

Is Minneapolis or Thousand Oaks cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 226 (US average = 100).
What is the rent difference between Minneapolis and Thousand Oaks?
Median rent in Minneapolis is $1,329/month and in Thousand Oaks it's $2,580/month — a difference of $1,251/month.
Which city has higher income, Minneapolis or Thousand Oaks?
Median household income is $80,269 in Minneapolis and $134,367 in Thousand Oaks. Median household income is $54,098/year higher in Thousand Oaks.
How do taxes compare between Minnesota and California?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. California has 13.3% income tax, 7.25% sales tax, and 0.71% property tax.
Should I move to Minneapolis or Thousand Oaks?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Thousand Oaks has a cost index of 226 with rent of $2,580/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Minneapolis details → View Thousand Oaks details →

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