Anchorage, AK vs Minneapolis, MN
Cost of Living Comparison
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Equivalent Salary
$100,000 in Anchorage, AK = $99,964 in Minneapolis, MN
Buying power is -0.0% lower in Minneapolis, MN
Median Rent
$1,453 vs $1,329
-8.5% lower in Minneapolis, MN
Median Income
$98,152 vs $80,269
-18.2% lower in Minneapolis, MN
Home Value
$375,900 vs $345,600
-8.1% lower in Minneapolis, MN
Price Level
104.5 vs 104.5
US avg = 100
Salary Needed for Median Rent
$58,100 vs $53,200
30% of gross income guideline
Rent as % of Income
17.8% vs 19.9%
Lower is more affordable