Cost of Living in the Twin Cities, MN

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Cost of Living

Cost of living is the various expenses an individual or a family has to spend to maintain a good quality of life in a particular area. There are several factors that affect the total amount of expenses and can influence whether or not moving into a new city can be a financially viable decision for you. If you're planning to move into Minneapolis or Minnesota, you may want to read our guide on the Cost of Living in the Twin Cities.

Statistics Basis

Before diving into the cost of living index we've provided, it's important to note that the scoring system we used is based on a typical 1-bedroom apartment home. Housing and other factors will vary depending on the type of house you are getting, especially if you plan to move into the area with your family.

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The Cost of Living Index

The Cost of Living Index below is a pointed reference guide you can use to review the general score of the various factors affecting the cost of living in Minneapolis. The index is scored using the national average as a base guideline with a score of 100 representing the typical cost in each category. Higher than the 100-point base score means that it is more expensive in the city, while a lower score means it is more affordable. Overall, Minneapolis is a bit more expensive compared to Minnesota, meaning residents who want to live in a less expensive part of the Twin Cities should opt to move into the latter.

Check out our original blog post at


Ways to Save Money

There are plenty of ways to save money when moving into a new city. Although a bit far from our cost of living post, we've provided a quick video guide you can review to find new ways of saving a good amount from your day to day living expenses in Minneapolis. If you're planning to move into the city, our team of experienced realtors would be happy to help you find a home that best suits your needs and budget. Please feel free to contact us today for more information.

Check out our original blog post at

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Let Me Help You Find Your Minneapolis Home!

If you are a buyer, it is important to have the assistance of a Buyer's Agent to represent you during the transaction. If you need additional assistance or would like to schedule a showing, contact our office at 612-968-2161.

Jesse Grumdahl
Grumdahl Group - ReMax
9401 36th Ave N, Minneapolis, MN 55427

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Nicholas Crane
Woodland Companies - Cadott, WI
Managing & Appraising Forest Land

Thanks for sharing the information on this community, I hope you sell many of these properties. 

Nick  🏡


Mar 03, 2020 03:48 PM #1
inboundREM Market Updates
InboundREM - Los Angeles, CA

Nicholas Crane It's our client Jesse but he is a superstar and I have no doubt he will :-) 

Mar 04, 2020 11:42 AM #2
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