Miami, FL vs Minneapolis, MN
Cost of Living Comparison
Equivalent Salary
$100,000 in Miami, FL = $93,458 in Minneapolis, MN
Buying power is -6.5% lower in Minneapolis, MN
Median Rent
$1,657 vs $1,329
-19.8% lower in Minneapolis, MN
Median Income
$59,390 vs $80,269
35.2% higher in Minneapolis, MN
Home Value
$475,200 vs $345,600
-27.3% lower in Minneapolis, MN
Price Level
111.8 vs 104.5
US avg = 100
Salary Needed for Median Rent
$66,300 vs $53,200
30% of gross income guideline
Rent as % of Income
33.5% vs 19.9%
Lower is more affordable