Quick answer
Overall prices in the Chicago, IL metro were 103.6 vs 104.8 in Minneapolis, MN in 2024 (US = 100), so Chicago is 1.2% less expensive than Minneapolis; housing rents differ by 0% (112.0 vs 111.8). A $75,000 income in Chicago buys about what $75,888 buys in Minneapolis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Chicago | Minneapolis | Chicago vs Minneapolis |
|---|---|---|---|
| All items | 103.6 | 104.8 | -1.2% |
| Goods | 107.3 | 103.1 | +4.1% |
| Housing (rents) | 112.0 | 111.8 | +0.2% |
| Utilities | 83.6 | 93.5 | -10.6% |
| Other services | 100.5 | 104.4 | -3.8% |
| All items, 2008 | 105.4 | 102.9 | +2.4% |
| $50,000 in Chicago equals in Minneapolis | $50,592 | ||
| $100,000 in Chicago equals in Minneapolis | $101,184 | ||
| $150,000 in Chicago equals in Minneapolis | $151,777 |
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Last updated 2026-10-16. Data only, not financial or tax advice.