Denver, CO vs Minneapolis, MN: Cost of Living
Compare the cost of living between Denver, CO and Minneapolis, MN. See the equivalent salary and median rent powered by BLS Regional Price Parities.
Denver, CO
CO
- Overall RPP (US=100)
- 107.4
- Housing RPP
- 145.8
- Goods RPP
- 105.5
- 2-BR median rent
- $2,201/mo
Colorado flat income tax 4.4%. Denver city tax 2.25% on wages.
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 cheaper than Denver, CO by about 4.2% (RPP 107.4 to 102.9).
$60,000 in Denver, CO
-> $57,486
in Minneapolis, MN
$100,000 in Denver, CO
-> $95,810
in Minneapolis, MN
$150,000 in Denver, CO
-> $143,715
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 Denver, CO?
- Minneapolis, MN (RPP 102.9) is cheaper than Denver, CO (RPP 107.4) by about 4.2%.
- What salary do I need in Minneapolis, MN if I earn $100,000 in Denver, CO?
- You would need approximately $95,810 in Minneapolis, MN to maintain the same purchasing power as $100,000 in Denver, CO. Formula: $100,000 x (102.9 / 107.4).