Quick answer
Overall prices in the Philadelphia, PA metro were 102.6 vs 104.8 in Minneapolis, MN in 2024 (US = 100), so Philadelphia is 2.2% less expensive than Minneapolis; housing rents differ by 1% (113.1 vs 111.8). A $75,000 income in Philadelphia buys about what $76,659 buys in Minneapolis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Philadelphia | Minneapolis | Philadelphia vs Minneapolis |
|---|---|---|---|
| All items | 102.6 | 104.8 | -2.2% |
| Goods | 96.8 | 103.1 | -6.0% |
| Housing (rents) | 113.1 | 111.8 | +1.2% |
| Utilities | 114.4 | 93.5 | +22.4% |
| Other services | 103.1 | 104.4 | -1.3% |
| All items, 2008 | 106.4 | 102.9 | +3.4% |
| $50,000 in Philadelphia equals in Minneapolis | $51,106 | ||
| $100,000 in Philadelphia equals in Minneapolis | $102,212 | ||
| $150,000 in Philadelphia equals in Minneapolis | $153,317 |
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Last updated 2026-10-16. Data only, not financial or tax advice.