Cost of Living: Philadelphia, PA vs Minneapolis, MN (2026)

Philadelphia

Pennsylvania
85
VS

Minneapolis

Minnesota
102

Philadelphia is 17% cheaper than Minneapolis.

$1,323/mo ≈ Same
Median Rent
$1,329/mo ≈ Same
$60,698/yr ↓ 24%
Median Income
$80,269/yr ↑ 32%
$232,400 ↓ 33%
Home Value
$345,600 ↑ 49%
$1,233/mo ↓ 19%
Owner Costs
$1,513/mo ↑ 23%
1,582,432
Population
426,845

Tax Comparison

3.07%
Income Tax
9.85%
6.0%
State Sales Tax
6.875%
1.49%
Property Tax
1.11%

Affordability

26.2%
rent-to-income
Affordability
19.9%
rent-to-income

Detailed Comparison

When comparing Philadelphia, PA and Minneapolis, MN, the overall cost of living indices are 85 and 102 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $19,571/year higher in Minneapolis. Home values also differ significantly — the median in Philadelphia is $232,400 compared to $345,600 in Minneapolis.

Pennsylvania has a lower income tax rate, making Philadelphia slightly more tax-friendly.

Frequently Asked Questions

Philadelphia vs Minneapolis — common questions

Is Philadelphia or Minneapolis cheaper to live in?
Based on our cost index, Philadelphia is cheaper to live in with an index of 85 compared to 102 (US average = 100).
What is the rent difference between Philadelphia and Minneapolis?
Median rent in Philadelphia is $1,323/month and in Minneapolis it's $1,329/month — a difference of $6/month.
Which city has higher income, Philadelphia or Minneapolis?
Median household income is $60,698 in Philadelphia and $80,269 in Minneapolis. Median household income is $19,571/year higher in Minneapolis.
How do taxes compare between Pennsylvania and Minnesota?
Pennsylvania has 3.07% income tax, 6.0% sales tax, and 1.49% property tax. Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax.
Should I move to Philadelphia or Minneapolis?
It depends on your priorities. Philadelphia has a cost index of 85 with median rent of $1,323/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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