🇺🇸 US

Cost of living: Minneapolis, MN vs Baltimore, MD (2024)

Quick answer

Overall prices in the Minneapolis, MN metro were 104.8 vs 104.5 in Baltimore, MD in 2024 (US = 100), so Minneapolis is 0.3% more expensive than Baltimore; housing rents differ by 5% (111.8 vs 118.2). A $75,000 income in Minneapolis buys about what $74,760 buys in Baltimore, per BEA.

✓ U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Price index (US = 100)MinneapolisBaltimoreMinneapolis vs Baltimore
All items104.8104.5+0.3%
Goods103.1102.4+0.7%
Housing (rents)111.8118.2-5.4%
Utilities93.5110.2-15.2%
Other services104.4101.5+2.9%
All items, 2008102.9106.4-3.2%
$50,000 in Minneapolis equals in Baltimore$49,840
$100,000 in Minneapolis equals in Baltimore$99,680
$150,000 in Minneapolis equals in Baltimore$149,521

Related

Last updated 2026-10-16. Data only, not financial or tax advice.

More on this