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Cost of living: Minneapolis, MN vs Nashville, TN (2024)

Quick answer

Overall prices in the Minneapolis, MN metro were 104.8 vs 96.3 in Nashville, TN in 2024 (US = 100), so Minneapolis is 8.8% more expensive than Nashville; housing rents differ by 7% (111.8 vs 104.6). A $75,000 income in Minneapolis buys about what $68,930 buys in Nashville, 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)MinneapolisNashvilleMinneapolis vs Nashville
All items104.896.3+8.8%
Goods103.196.2+7.1%
Housing (rents)111.8104.6+6.9%
Utilities93.572.0+29.9%
Other services104.495.1+9.8%
All items, 2008102.995.7+7.6%
$50,000 in Minneapolis equals in Nashville$45,953
$100,000 in Minneapolis equals in Nashville$91,906
$150,000 in Minneapolis equals in Nashville$137,859

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

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