Cost of Living: Nashville, TN vs Minneapolis, MN (2026)

Nashville

Tennessee
110
VS

Minneapolis

Minnesota
102

Nashville is 8% more expensive than Minneapolis.

$1,486/mo ↑ 12%
Median Rent
$1,329/mo ↓ 11%
$75,197/yr ↓ 6%
Median Income
$80,269/yr ↑ 7%
$383,100 ↑ 11%
Home Value
$345,600 ↓ 10%
$1,471/mo ↓ 3%
Owner Costs
$1,513/mo ↑ 3%
684,298
Population
426,845

Tax Comparison

0%
Income Tax
9.85%
7.0%
State Sales Tax
6.875%
0.64%
Property Tax
1.11%

Affordability

23.7%
rent-to-income
Affordability
19.9%
rent-to-income

Detailed Comparison

When comparing Nashville, TN and Minneapolis, MN, the overall cost of living indices are 110 and 102 respectively (national median = 100). Rent is $157/month cheaper in Minneapolis, saving renters about $1,884/year.

Median household income is $5,072/year higher in Minneapolis. Home values also differ significantly — the median in Nashville is $383,100 compared to $345,600 in Minneapolis.

Tennessee has no state income tax, giving Nashville residents a significant tax advantage over Minnesota's 9.85% rate.

Frequently Asked Questions

Nashville vs Minneapolis — common questions

Is Nashville or Minneapolis cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 110 (US average = 100).
What is the rent difference between Nashville and Minneapolis?
Median rent in Nashville is $1,486/month and in Minneapolis it's $1,329/month — a difference of $157/month.
Which city has higher income, Nashville or Minneapolis?
Median household income is $75,197 in Nashville and $80,269 in Minneapolis. Median household income is $5,072/year higher in Minneapolis.
How do taxes compare between Tennessee and Minnesota?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax.
Should I move to Nashville or Minneapolis?
It depends on your priorities. Nashville has a cost index of 110 with median rent of $1,486/mo, while Minneapolis has a cost index of 102 with rent of $1,329/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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