Moving from Minneapolis to Austin?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your Minneapolis lifestyle in Austin, you'd need to earn:
$70,190/year
▼ $4,810 less than you make now
| Category | Minneapolis | Austin |
|---|---|---|
| Salary | $75,000 | $70,190 |
| Federal Income Tax | -$8,114 | -$7,056 |
| Social Security | -$4,650 | -$4,352 |
| Medicare | -$1,088 | -$1,018 |
| State Tax | -$4,628 | -$0 |
| Take-Home Pay | $56,521 | $57,765 |
Why the difference
- Cost of living is -6.4% in Austin
- Housing is +7.7% in Austin
- At the same $75,000 salary, you'd save $4,628/year in taxes in Austin
Estimated Moving Costs
Distance: ~1,045 miles
DIY Truck
$4,000
Container
$6,500
Full-Service
$9,000
Salary Equivalents: Minneapolis to Austin
| Your Minneapolis Salary | Austin Equivalent | Difference | Austin Take-Home |
|---|---|---|---|
| $40,000 | $37,435 | -$2,565 | $32,118 |
| $50,000 | $46,794 | -$3,206 | $39,637 |
| $60,000 | $56,152 | -$3,848 | $47,157 |
| $75,000 | $70,190 | -$4,810 | $57,765 |
| $100,000 | $93,587 | -$6,413 | $74,224 |
| $150,000 | $140,381 | -$9,619 | $106,703 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How Minneapolis and Austin Compare
Housing (8% more expensive in Austin)
The average 1-bedroom apartment in Austin rents for $1,549/month compared to $1,330/month in Minneapolis. Median home prices: $400,000 in Austin vs $327,000 in Minneapolis.
Taxes
Minnesota has a progressive state income tax from 5.3% to 9.8%. Texas has no state income tax. On a $75,000 salary, moving to Austin would save you about $4,628/year in taxes alone.
Overall Cost of Living
Austin's overall cost of living is 6.4% lower than Minneapolis, based on the BEA Regional Price Parity index (where 100 = national average).Minneapolis: 104.8, Austin: 98.1.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your Minneapolis to Austin move. Average cost: $4,000–$9,000.
Compare Moving Quotes →Find Apartments in Austin
Average 1BR rent in Austin: $1,549/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.
Compare Savings Rates →