Moving from New York City to Minneapolis?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your New York City lifestyle in Minneapolis, you'd need to earn:
$69,845/year
▼ $5,155 less than you make now
| Category | New York City | Minneapolis |
|---|---|---|
| Salary | $75,000 | $69,845 |
| Federal Income Tax | -$8,114 | -$6,980 |
| Social Security | -$4,650 | -$4,330 |
| Medicare | -$1,088 | -$1,013 |
| State Tax | -$3,960 | -$4,277 |
| Take-Home Pay | $57,189 | $53,245 |
Why the difference
- Cost of living is -6.9% in Minneapolis
- Housing is -24.8% in Minneapolis
- At the same $75,000 salary, you'd pay $668/year in taxes in Minneapolis
Estimated Moving Costs
Distance: ~1,016 miles
DIY Truck
$4,000
Container
$6,500
Full-Service
$9,000
Salary Equivalents: New York City to Minneapolis
| Your New York City Salary | Minneapolis Equivalent | Difference | Minneapolis Take-Home |
|---|---|---|---|
| $40,000 | $37,247 | -$2,753 | $29,906 |
| $50,000 | $46,758 | -$3,242 | $36,901 |
| $60,000 | $56,208 | -$3,792 | $43,852 |
| $75,000 | $69,845 | -$5,155 | $53,245 |
| $100,000 | $93,412 | -$6,588 | $68,222 |
| $150,000 | $140,905 | -$9,095 | $97,596 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How New York City and Minneapolis Compare
Housing (25% cheaper in Minneapolis)
The average 1-bedroom apartment in Minneapolis rents for $1,330/month compared to $4,430/month in New York City. Median home prices: $327,000 in Minneapolis vs $750,000 in New York City.
Taxes
New York has a progressive state income tax from 4.0% to 10.9%. 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 $668/year in taxes alone.
Overall Cost of Living
Minneapolis's overall cost of living is 6.9% lower than New York City, based on the BEA Regional Price Parity index (where 100 = national average).New York City: 112.6, Minneapolis: 104.8.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your New York City to Minneapolis move. Average cost: $4,000–$9,000.
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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