Cost of Living: Minneapolis, MN vs Waterbury, CT (2026)

Minneapolis

Minnesota
102
VS

Waterbury

Connecticut
76

Minneapolis is 34% more expensive than Waterbury.

$1,329/mo ↑ 13%
Median Rent
$1,180/mo ↓ 11%
$80,269/yr ↑ 55%
Median Income
$51,642/yr ↓ 36%
$345,600 ↑ 86%
Home Value
$185,400 ↓ 46%
$1,513/mo ↑ 19%
Owner Costs
$1,273/mo ↓ 16%
426,845
Population
114,356

Tax Comparison

9.85%
Income Tax
6.99%
6.875%
State Sales Tax
6.35%
1.11%
Property Tax
2.15%

Affordability

19.9%
rent-to-income
Affordability
27.4%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Waterbury, CT, the overall cost of living indices are 102 and 76 respectively (national median = 100). Rent is $149/month cheaper in Waterbury, saving renters about $1,788/year.

Median household income is $28,627/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $185,400 in Waterbury.

Connecticut has a lower income tax rate, making Waterbury slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Waterbury — common questions

Is Minneapolis or Waterbury cheaper to live in?
Based on our cost index, Waterbury is cheaper to live in with an index of 76 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Waterbury?
Median rent in Minneapolis is $1,329/month and in Waterbury it's $1,180/month — a difference of $149/month.
Which city has higher income, Minneapolis or Waterbury?
Median household income is $80,269 in Minneapolis and $51,642 in Waterbury. Median household income is $28,627/year higher in Minneapolis.
How do taxes compare between Minnesota and Connecticut?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Connecticut has 6.99% income tax, 6.35% sales tax, and 2.15% property tax.
Should I move to Minneapolis or Waterbury?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Waterbury has a cost index of 76 with rent of $1,180/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Minneapolis details → View Waterbury details →

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