Quick answer
Overall prices in the Miami, FL metro were 114.2 vs 104.8 in Minneapolis, MN in 2024 (US = 100), so Miami is 8.9% more expensive than Minneapolis; housing rents differ by 39% (155.6 vs 111.8). A $75,000 income in Miami buys about what $68,868 buys in Minneapolis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Miami | Minneapolis | Miami vs Minneapolis |
|---|---|---|---|
| All items | 114.2 | 104.8 | +8.9% |
| Goods | 103.6 | 103.1 | +0.5% |
| Housing (rents) | 155.6 | 111.8 | +39.1% |
| Utilities | 97.2 | 93.5 | +4.0% |
| Other services | 109.1 | 104.4 | +4.5% |
| All items, 2008 | 106.5 | 102.9 | +3.4% |
| $50,000 in Miami equals in Minneapolis | $45,912 | ||
| $100,000 in Miami equals in Minneapolis | $91,824 | ||
| $150,000 in Miami equals in Minneapolis | $137,736 |
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Last updated 2026-10-16. Data only, not financial or tax advice.