Quick answer
Overall prices in the New York, NY metro were 112.6 vs 104.8 in Minneapolis, MN in 2024 (US = 100), so New York is 7.4% more expensive than Minneapolis; housing rents differ by 33% (148.6 vs 111.8). A $75,000 income in New York buys about what $69,842 buys in Minneapolis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | New York | Minneapolis | New York vs Minneapolis |
|---|---|---|---|
| All items | 112.6 | 104.8 | +7.4% |
| Goods | 110.3 | 103.1 | +7.0% |
| Housing (rents) | 148.6 | 111.8 | +32.9% |
| Utilities | 127.0 | 93.5 | +35.9% |
| Other services | 105.8 | 104.4 | +1.4% |
| All items, 2008 | 113.5 | 102.9 | +10.2% |
| $50,000 in New York equals in Minneapolis | $46,561 | ||
| $100,000 in New York equals in Minneapolis | $93,123 | ||
| $150,000 in New York equals in Minneapolis | $139,684 |
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Last updated 2026-10-16. Data only, not financial or tax advice.