Moving from Minneapolis to New York City?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your Minneapolis lifestyle in New York City, you'd need to earn:
$80,565/year
▲ $5,565 more than you make now
| Category | Minneapolis | New York City |
|---|---|---|
| Salary | $75,000 | $80,565 |
| Federal Income Tax | -$8,114 | -$9,338 |
| Social Security | -$4,650 | -$4,995 |
| Medicare | -$1,088 | -$1,168 |
| State Tax | -$4,628 | -$4,266 |
| Take-Home Pay | $56,521 | $60,797 |
Why the difference
- Cost of living is +7.4% in New York City
- Housing is +32.9% in New York City
- At the same $75,000 salary, you'd save $668/year in taxes in New York City
Estimated Moving Costs
Distance: ~1,016 miles
DIY Truck
$4,000
Container
$6,500
Full-Service
$9,000
Salary Equivalents: Minneapolis to New York City
| Your Minneapolis Salary | New York City Equivalent | Difference | New York City Take-Home |
|---|---|---|---|
| $40,000 | $42,968 | +$2,968 | $34,365 |
| $50,000 | $53,710 | +$3,710 | $42,405 |
| $60,000 | $64,452 | +$4,452 | $50,348 |
| $75,000 | $80,565 | +$5,565 | $60,797 |
| $100,000 | $107,420 | +$7,420 | $78,079 |
| $150,000 | $161,130 | +$11,130 | $111,786 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How Minneapolis and New York City Compare
Housing (33% more expensive in New York City)
The average 1-bedroom apartment in New York City rents for $4,430/month compared to $1,330/month in Minneapolis. Median home prices: $750,000 in New York City vs $327,000 in Minneapolis.
Taxes
Minnesota has a progressive state income tax from 5.3% to 9.8%. New York has a progressive state income tax from 4.0% to 10.9%. On a $75,000 salary, moving to New York City would save you about $668/year in taxes alone.
Overall Cost of Living
New York City's overall cost of living is 7.4% higher than Minneapolis, based on the BEA Regional Price Parity index (where 100 = national average).Minneapolis: 104.8, New York City: 112.6.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your Minneapolis to New York City move. Average cost: $4,000–$9,000.
Compare Moving Quotes →Find Apartments in New York City
Average 1BR rent in New York City: $4,430/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 →