Quick answer
Overall prices in the Minneapolis, MN metro were 104.8 vs 98.1 in Austin, TX in 2024 (US = 100), so Minneapolis is 6.9% more expensive than Austin; housing rents differ by 7% (111.8 vs 120.4). A $75,000 income in Minneapolis buys about what $70,166 buys in Austin, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Minneapolis | Austin | Minneapolis vs Austin |
|---|---|---|---|
| All items | 104.8 | 98.1 | +6.9% |
| Goods | 103.1 | 93.8 | +9.9% |
| Housing (rents) | 111.8 | 120.4 | -7.1% |
| Utilities | 93.5 | 82.0 | +14.0% |
| Other services | 104.4 | 96.2 | +8.5% |
| All items, 2008 | 102.9 | 99.6 | +3.4% |
| $50,000 in Minneapolis equals in Austin | $46,777 | ||
| $100,000 in Minneapolis equals in Austin | $93,555 | ||
| $150,000 in Minneapolis equals in Austin | $140,332 |
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Last updated 2026-10-16. Data only, not financial or tax advice.