Austin, TX vs Minneapolis, MN: Cost of Living
Compare the cost of living between Austin, TX and Minneapolis, MN. See the equivalent salary and median rent powered by BLS Regional Price Parities.
Austin, TX
TX
- Overall RPP (US=100)
- 98.8
- Housing RPP
- 126.4
- Goods RPP
- 93.6
- 2-BR median rent
- $1,924/mo
Texas has no state income tax. Property taxes ~2% effective rate.
Minneapolis, MN
MN
- Overall RPP (US=100)
- 102.9
- Housing RPP
- 119.2
- Goods RPP
- 102.7
- 2-BR median rent
- $1,622/mo
Minnesota income tax 5.35%-9.85%. No city income tax.
Equivalent salary
Minneapolis, MN is more expensive than Austin, TX by about 4.1% (RPP 98.8 to 102.9).
$60,000 in Austin, TX
-> $62,490
in Minneapolis, MN
$100,000 in Austin, TX
-> $104,150
in Minneapolis, MN
$150,000 in Austin, TX
-> $156,225
in Minneapolis, MN
This tool provides estimates only. Equivalent-salary figures are derived from BLS Regional Price Parities (RPP) and HUD Fair Market Rents — they are averages, not guarantees. Actual cost of living varies by neighborhood, lifestyle, and individual circumstances. Not financial advice.
Frequently asked questions
- Is Minneapolis, MN cheaper or more expensive than Austin, TX?
- Minneapolis, MN (RPP 102.9) is more expensive than Austin, TX (RPP 98.8) by about 4.1%.
- What salary do I need in Minneapolis, MN if I earn $100,000 in Austin, TX?
- You would need approximately $104,150 in Minneapolis, MN to maintain the same purchasing power as $100,000 in Austin, TX. Formula: $100,000 x (102.9 / 98.8).