Phoenix, AZ vs Minneapolis, MN: Cost of Living
Compare the cost of living between Phoenix, AZ and Minneapolis, MN. See the equivalent salary and median rent powered by BLS Regional Price Parities.
Phoenix, AZ
AZ
- Overall RPP (US=100)
- 103.7
- Housing RPP
- 122.9
- Goods RPP
- 98.3
- 2-BR median rent
- $1,877/mo
Arizona income tax 2.5% flat rate (since 2023). No city income tax.
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 Phoenix, AZ by about 0.8% (RPP 103.7 to 102.9).
$60,000 in Phoenix, AZ
-> $59,537
in Minneapolis, MN
$100,000 in Phoenix, AZ
-> $99,229
in Minneapolis, MN
$150,000 in Phoenix, AZ
-> $148,843
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 Phoenix, AZ?
- Minneapolis, MN (RPP 102.9) is cheaper than Phoenix, AZ (RPP 103.7) by about 0.8%.
- What salary do I need in Minneapolis, MN if I earn $100,000 in Phoenix, AZ?
- You would need approximately $99,229 in Minneapolis, MN to maintain the same purchasing power as $100,000 in Phoenix, AZ. Formula: $100,000 x (102.9 / 103.7).