Cost of Living: Minneapolis, MN vs Yonkers, NY (2026)

Minneapolis

Minnesota
102
VS

Yonkers

New York
133

Minneapolis is 23% cheaper than Yonkers.

$1,329/mo ↓ 23%
Median Rent
$1,730/mo ↑ 30%
$80,269/yr ↓ 2%
Median Income
$81,816/yr ↑ 2%
$345,600 ↓ 28%
Home Value
$478,000 ↑ 38%
$1,513/mo ↓ 14%
Owner Costs
$1,759/mo ↑ 16%
426,845
Population
209,529

Tax Comparison

9.85%
Income Tax
10.9%
6.875%
State Sales Tax
4.0%
1.11%
Property Tax
1.62%

Affordability

19.9%
rent-to-income
Affordability
25.4%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Yonkers, NY, the overall cost of living indices are 102 and 133 respectively (national median = 100). Rent is $401/month cheaper in Minneapolis, saving renters about $4,812/year.

Median household income is $1,547/year higher in Yonkers. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $478,000 in Yonkers.

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

Frequently Asked Questions

Minneapolis vs Yonkers — common questions

Is Minneapolis or Yonkers cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 133 (US average = 100).
What is the rent difference between Minneapolis and Yonkers?
Median rent in Minneapolis is $1,329/month and in Yonkers it's $1,730/month — a difference of $401/month.
Which city has higher income, Minneapolis or Yonkers?
Median household income is $80,269 in Minneapolis and $81,816 in Yonkers. Median household income is $1,547/year higher in Yonkers.
How do taxes compare between Minnesota and New York?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax.
Should I move to Minneapolis or Yonkers?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Yonkers has a cost index of 133 with rent of $1,730/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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