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:
$95,506/year
▲ $20,506 more than you make now
| Category | Memphis | Minneapolis |
|---|---|---|
| Salary | $75,000 | $95,506 |
| Federal Income Tax | -$8,114 | -$12,625 |
| Social Security | -$4,650 | -$5,921 |
| Medicare | -$1,088 | -$1,385 |
| State Tax | -$0 | -$6,022 |
| Take-Home Pay | $61,149 | $69,552 |
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 | $49,449 | +$9,449 | $38,881 |
| $50,000 | $61,830 | +$11,830 | $47,987 |
| $60,000 | $75,947 | +$15,947 | $57,123 |
| $75,000 | $95,506 | +$20,506 | $69,552 |
| $100,000 | $127,566 | +$27,566 | $89,526 |
| $150,000 | $190,969 | +$40,969 | $128,807 |
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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