Cost of Living: Virginia Beach, VA vs Minneapolis, MN (2026)

Virginia Beach

Virginia

117

Minneapolis

Minnesota

102

Virginia Beach is 15% more expensive than Minneapolis.

$1,649/mo ↑ 24%

Median Rent

$1,329/mo ↓ 19%

$90,685/yr ↑ 13%

Median Income

$80,269/yr ↓ 11%

$366,300 ↑ 6%

Home Value

$345,600 ↓ 6%

$1,704/mo ↑ 13%

Owner Costs

$1,513/mo ↓ 11%

457,066

Population

426,845

Tax Comparison

5.75%

Income Tax

9.85%

5.3%

Sales Tax

6.875%

0.8%

Property Tax

1.11%

Affordability

21.8%

rent-to-income

Affordability

19.9%

rent-to-income

Detailed Comparison

When comparing Virginia Beach, VA and Minneapolis, MN, the overall cost of living indices are 117 and 102 respectively (national median = 100). Rent is $320/month cheaper in Minneapolis, saving renters about $3,840/year.

Median household income is $10,416/year higher in Virginia Beach. Home values also differ significantly — the median in Virginia Beach is $366,300 compared to $345,600 in Minneapolis.

Virginia has a lower income tax rate, making Virginia Beach slightly more tax-friendly.

Frequently Asked Questions

Virginia Beach vs Minneapolis — common questions

Is Virginia Beach or Minneapolis cheaper to live in?

Based on our cost index, Minneapolis is cheaper to live in with an index of 102 compared to 117 (US average = 100).

What is the rent difference between Virginia Beach and Minneapolis?

Median rent in Virginia Beach is $1,649/month and in Minneapolis it's $1,329/month — a difference of $320/month.

Which city has higher income, Virginia Beach or Minneapolis?

Median household income is $90,685 in Virginia Beach and $80,269 in Minneapolis. Median household income is $10,416/year higher in Virginia Beach.

How do taxes compare between Virginia and Minnesota?

Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax.

Should I move to Virginia Beach or Minneapolis?

It depends on your priorities. Virginia Beach has a cost index of 117 with median rent of $1,649/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.