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Minneapolis vs Austin

Cost-of-living comparison and salary equivalence. Enter your current salary to see what you'd need to earn to live equally well.

$/ year

To keep the same standard of living in Austin, TX, you'd need

$76,999 / year

Austin, TX is 3% more expensive overall

Category breakdown (Austin, TX vs Minneapolis, MN)

  • Housing+9%
  • Food & groceries-2%
  • Transport0%
  • Utilities+6%
  • Healthcare-6%
  • Goods & services0%

Full comparison

Minneapolis, MNAustin, TX
Cost of living
Overall cost index105108
Housing110120
Food102100
Transport104104
Utilities96102
Healthcare106100
Goods & services104104
Housing
Rent, 1-bed centre$1,450/mo$1,650/mo
Rent, 1-bed outside$1,150/mo$1,300/mo
Rent, 3-bed centre$2,600/mo$3,000/mo
Buy price / m² centre$3,800$5,000
Money & purchasing power
$1,000 goes as far as$952$927
Inexpensive meal$18$17
Monthly transit pass$96$42
Taxes
Income tax (top rate)37%37%
VAT / sales tax0%0%
Social security (employee)7.7%7.7%
Corporate tax21%21%
Capital gains20%20%
Economy & salaries
Avg net salary$4,300/mo$4,300/mo
Minimum wage$1,257/mo$1,257/mo
GDP per capita$82,000$82,000
Work & digital nomad
Digital-nomad visaNoNo
English proficiencyNativeNative
Coworking spaces4060
Time zoneUTC-6UTC-6
Quality of life
Safety index5558
Healthcare index8276
Pollution index3540
Internet speed200 Mbps200 Mbps
Walkability7042
Public transport5840
Family-friendly7065
Tap waterSafe to drinkSafe to drink
Health insurance$450/mo$450/mo
Life expectancy79 yr79 yr
LGBTQ+ acceptanceHighHigh
Climate
January avg-8 °C+11 °C
July avg+23 °C+30 °C
Sunny days / year198228
Rainfall / year800 mm870 mm
Connectivity
Flight to nearest hub1.5 h1.5 h

Taxes & Economy & salaries: United States vs United States. Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.

? Frequently asked questions

Is Minneapolis cheaper than Austin?

Austin is about 3% more expensive than Minneapolis overall — its cost-of-living index is 108 versus 105 for Minneapolis.

How much do you need to earn in Austin to live like in Minneapolis?

To keep the same standard of living, a $75,000 salary in Minneapolis is worth about $76,999 in Austin. Enter your own figure in the calculator above.

Which has lower taxes, Minneapolis or Austin?

Both cities are in the same country, so national income tax (37%) and VAT are identical; only local cost of living differs.

More comparisons from Minneapolis

Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.