Relocation comparison
Minneapolis, MN → New York, NY
Moving from Minneapolis, MN to New York, NY? Cost of living in New York, NY is about 73% higher. A $100,000 lifestyle in Minneapolis, MN costs about $173,148 in New York, NY. Here are the numbers.
Cost of living
+73%
187 vs 108 index
Matches a $100,000 lifestyle
$173,148
Matches a $100,000 lifestyle
Median 2-bed rent
+$1,800
$3,500/mo
Median home price
+$400,000
$760,000 median
What you'd need to earn to keep your lifestyle
| Salary today (Minneapolis, MN) | Equivalent there (New York, NY) |
|---|---|
| $75,000 | $129,861 |
| $100,000 | $173,148 |
| $150,000 | $259,722 |
Illustrative figures for planning, not financial advice. Cost-of-living index uses US average = 100.
Questions people ask about this move
- Is New York, NY more expensive than Minneapolis, MN?
- Yes. Cost of living in New York, NY is about 73% higher than Minneapolis, MN (index 187 vs 108, US average = 100).
- How much do you need to earn in New York, NY to match a $100,000 lifestyle in Minneapolis, MN?
- About $173,148. That's the salary in New York, NY that buys roughly what $100,000 buys in Minneapolis, MN.
- What's the difference in housing between Minneapolis, MN and New York, NY?
- Median 2-bed rent is $1,800/mo more, and the median home price is about $400,000 higher in New York, NY.
- How does state income tax compare?
- New York, NY runs about 6.85% versus 7.85% in Minneapolis, MN. On $100,000, that's roughly $1,000/yr less in tax.
Run your exact numbers
These are median figures. Your real answer depends on your salary, whether you own or rent, and the relocation package on the table. The full calculator works it out in a minute.
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