Moving from Memphis to Minneapolis?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your Memphis lifestyle in Minneapolis, you'd need to earn:
$85,287/year
▲ $10,287 more than you make now
| Category | Memphis | Minneapolis |
|---|---|---|
| Salary | $75,000 | $85,287 |
| Federal Income Tax | -$8,114 | -$10,377 |
| Social Security | -$4,650 | -$5,288 |
| Medicare | -$1,088 | -$1,237 |
| State Tax | -$0 | -$5,327 |
| Take-Home Pay | $61,149 | $63,058 |
Why the difference
- Cost of living is +13.7% in Minneapolis
- Housing is +40.1% in Minneapolis
- At the same $75,000 salary, you'd pay $4,628/year in taxes in Minneapolis
Estimated Moving Costs
Distance: ~700 miles
DIY Truck
$3,000
Container
$5,000
Full-Service
$7,000
Salary Equivalents: Memphis to Minneapolis
| Your Memphis Salary | Minneapolis Equivalent | Difference | Minneapolis Take-Home |
|---|---|---|---|
| $40,000 | $45,486 | +$5,486 | $35,966 |
| $50,000 | $56,858 | +$6,858 | $44,330 |
| $60,000 | $68,229 | +$8,229 | $52,218 |
| $75,000 | $85,287 | +$10,287 | $63,058 |
| $100,000 | $113,716 | +$13,716 | $81,054 |
| $150,000 | $170,574 | +$20,574 | $115,546 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How Memphis and Minneapolis Compare
Housing (40% more expensive in Minneapolis)
The average 1-bedroom apartment in Minneapolis rents for $1,330/month compared to $950/month in Memphis. Median home prices: $327,000 in Minneapolis vs $236,000 in Memphis.
Taxes
Tennessee has no state income tax. Minnesota has a progressive state income tax from 5.3% to 9.8%. On a $75,000 salary, moving to Minneapolis would cost you about $4,628/year in taxes alone.
Overall Cost of Living
Minneapolis's overall cost of living is 13.7% higher than Memphis, based on the BEA Regional Price Parity index (where 100 = national average).Memphis: 92.2, Minneapolis: 104.8.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your Memphis to Minneapolis move. Average cost: $3,000–$7,000.
Compare Moving Quotes →Find Apartments in Minneapolis
Average 1BR rent in Minneapolis: $1,330/month. Browse available listings.
Search Apartments →High-Yield Savings
Park your moving fund in a 4.5%+ APY savings account while you plan your relocation.
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