Cost of Living: Portland, OR vs Minneapolis, MN (2026)

Portland

Oregon
138
VS

Minneapolis

Minnesota
102

Portland is 35% more expensive than Minneapolis.

$1,596/mo ↑ 20%
Median Rent
$1,329/mo ↓ 17%
$88,792/yr ↑ 11%
Median Income
$80,269/yr ↓ 10%
$557,600 ↑ 61%
Home Value
$345,600 ↓ 38%
$1,771/mo ↑ 17%
Owner Costs
$1,513/mo ↓ 15%
642,715
Population
426,845

Tax Comparison

9.9%
Income Tax
9.85%
0%
State Sales Tax
6.875%
0.93%
Property Tax
1.11%

Affordability

21.6%
rent-to-income
Affordability
19.9%
rent-to-income

Detailed Comparison

When comparing Portland, OR and Minneapolis, MN, the overall cost of living indices are 138 and 102 respectively (national median = 100). Rent is $267/month cheaper in Minneapolis, saving renters about $3,204/year.

Median household income is $8,523/year higher in Portland. Home values also differ significantly — the median in Portland is $557,600 compared to $345,600 in Minneapolis.

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

Frequently Asked Questions

Portland vs Minneapolis — common questions

Is Portland or Minneapolis cheaper to live in?
Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 138 (US average = 100).
What is the rent difference between Portland and Minneapolis?
Median rent in Portland is $1,596/month and in Minneapolis it's $1,329/month — a difference of $267/month.
Which city has higher income, Portland or Minneapolis?
Median household income is $88,792 in Portland and $80,269 in Minneapolis. Median household income is $8,523/year higher in Portland.
How do taxes compare between Oregon and Minnesota?
Oregon has 9.9% income tax, 0% sales tax, and 0.93% property tax. Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax.
Should I move to Portland or Minneapolis?
It depends on your priorities. Portland has a cost index of 138 with median rent of $1,596/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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