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

Minneapolis

Minnesota
102
VS

Torrance

California
218

Minneapolis is 53% cheaper than Torrance.

$1,329/mo ↓ 40%
Median Rent
$2,214/mo ↑ 67%
$80,269/yr ↓ 29%
Median Income
$113,105/yr ↑ 41%
$345,600 ↓ 67%
Home Value
$1,036,600 ↑ 200%
$1,513/mo ↓ 34%
Owner Costs
$2,295/mo ↑ 52%
426,845
Population
143,499

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
23.5%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Torrance, CA, the overall cost of living indices are 102 and 218 respectively (national median = 100). Rent is $885/month cheaper in Minneapolis, saving renters about $10,620/year.

Median household income is $32,836/year higher in Torrance. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $1,036,600 in Torrance.

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

Frequently Asked Questions

Minneapolis vs Torrance — common questions

Is Minneapolis or Torrance cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 218 (US average = 100).
What is the rent difference between Minneapolis and Torrance?
Median rent in Minneapolis is $1,329/month and in Torrance it's $2,214/month — a difference of $885/month.
Which city has higher income, Minneapolis or Torrance?
Median household income is $80,269 in Minneapolis and $113,105 in Torrance. Median household income is $32,836/year higher in Torrance.
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 Torrance?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Torrance has a cost index of 218 with rent of $2,214/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Minneapolis details → View Torrance details →

More Comparisons

Other cost of living comparisons for Minneapolis and Torrance

Minneapolis vs. Oakland Minneapolis vs. Tulsa Minneapolis vs. Miami Minneapolis vs. Bakersfield Minneapolis vs. Virginia Beach Minneapolis vs. Wichita Torrance vs. Gainesville Torrance vs. Thornton Torrance vs. Olathe Torrance vs. Visalia Torrance vs. McAllen Torrance vs. Waco