Miami, FL vs Minneapolis, MN: Cost of Living
Compare the cost of living between Miami, FL and Minneapolis, MN. See the equivalent salary and median rent powered by BLS Regional Price Parities.
Miami, FL
FL
- Overall RPP (US=100)
- 111.5
- Housing RPP
- 147.3
- Goods RPP
- 104.7
- 2-BR median rent
- $2,324/mo
Florida has no state income tax. Very attractive vs. high-tax states.
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 Miami, FL by about 7.7% (RPP 111.5 to 102.9).
$60,000 in Miami, FL
-> $55,372
in Minneapolis, MN
$100,000 in Miami, FL
-> $92,287
in Minneapolis, MN
$150,000 in Miami, FL
-> $138,430
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 Miami, FL?
- Minneapolis, MN (RPP 102.9) is cheaper than Miami, FL (RPP 111.5) by about 7.7%.
- What salary do I need in Minneapolis, MN if I earn $100,000 in Miami, FL?
- You would need approximately $92,287 in Minneapolis, MN to maintain the same purchasing power as $100,000 in Miami, FL. Formula: $100,000 x (102.9 / 111.5).