Quick answer
Overall prices in the Minneapolis, MN metro were 104.8 vs 95.7 in Indianapolis, IN in 2024 (US = 100), so Minneapolis is 9.5% more expensive than Indianapolis; housing rents differ by 26% (111.8 vs 88.9). A $75,000 income in Minneapolis buys about what $68,470 buys in Indianapolis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Minneapolis | Indianapolis | Minneapolis vs Indianapolis |
|---|---|---|---|
| All items | 104.8 | 95.7 | +9.5% |
| Goods | 103.1 | 94.3 | +9.3% |
| Housing (rents) | 111.8 | 88.9 | +25.8% |
| Utilities | 93.5 | 86.4 | +8.3% |
| Other services | 104.4 | 99.1 | +5.3% |
| All items, 2008 | 102.9 | 96.7 | +6.4% |
| $50,000 in Minneapolis equals in Indianapolis | $45,647 | ||
| $100,000 in Minneapolis equals in Indianapolis | $91,294 | ||
| $150,000 in Minneapolis equals in Indianapolis | $136,941 |
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Last updated 2026-10-16. Data only, not financial or tax advice.