Moving from Austin to Minneapolis (2026)

Minneapolis has a COL index of 106 vs 122 for Austin (100 = US average). You'd pay about 13% less for the same lifestyle.

Save ~$519/mo
on rent + taxes ยท $75K salary baseline

Change cities

Key differences

COL index
122 โ†’ 106
100 = US avg
1BR rent
$1,800 โ†’ $1,700
per month
State tax
None โ†’ 9.9%
income tax
COL difference
122 โ†’ 106
13% cheaper

Salary needed in Minneapolis to match your Austin lifestyle

Based on the 13% cost of living decrease between the two cities.

Your salary in AustinEquivalent in Minneapolis
$40K$34,754
$50K$43,443
$60K$52,131
$75K$65,164
$80K$69,508
$100K$86,885
$120K$104,262
$150K$130,328

๐Ÿ’ต Household income (before tax)

$75K
$
$30K$300K
Save ~$11/moon core expenses at $75K

Monthly budget at $75K โ€” Austin vs Minneapolis

ExpenseAustinMinneapolis
Monthly take-home$4,741$4,122
1BR rent$1,800$1,700
Groceries$372$391
Transport$50$95
Utilities$170$195
Internet$65$65
Left after essentials$2,284$1,676

Frequently asked questions

Is Minneapolis cheaper than Austin?

Yes. Minneapolis has a cost of living index of 106 vs 122 for Austin (100 = US average). That's about 13% cheaper.

How much will I save moving from Austin to Minneapolis?

On a $75K salary, core expenses in Minneapolis run about $519/month more than Austin. Factor this into your salary negotiation when relocating.

What salary do I need in Minneapolis to match my Austin lifestyle?

To maintain the same purchasing power as $75,000 in Austin, you'd need roughly $65,164/year in Minneapolis. This is based on the overall COL index difference.

Estimates based on Q1 2026 COL index and market data. Budget uses simplified federal/state tax rates. Zillow ยท BLS ยท Numbeo ยท For general guidance only