Affordability
What it costs
Median income: $66,023. Median rent: $1,350. Median home price: $315,000.
- Median rent: $1,350/mo
- Median home price: $315,000
- Median household income: $66,023
- Rent-to-income: 25% of annual income
City guide · Minnesota
Minneapolis, MN
Minneapolis, MN city guide. Population is 429,954. Median household income is $66,023. Median rent is $1,350.
Key numbers
Population429,954
Median income$66,023
Median rent / mo$1,350
Median home price$315,000
State income tax9.85%
Sunny days / year198
Climate
Everyday feel
Average high: 55°F. Average low: 37°F. Annual rainfall: 30 inches. Sunny days: 198.
- Average high: 55°F
- Average low: 37°F
- Annual rainfall: 30 inches
- Sunny days/year: 198
Taxes
State & local
State tax rate: 9.85%. Local tax rate: 8.03%.
- State income tax: 9.85%
- Local tax rate: 8.03%
Compare
How does Minneapolis compare?
See Minneapolis side by side with another city on rent, income, taxes, and weather.
Related cities
Keep exploring
Nearby places
Useful local places around Minneapolis
This section pulls live nearby place data from map/open-data sources using the city coordinates so visitors can quickly see practical local options beyond just statistics.
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Frequently asked questions about Minneapolis
What is the cost of living in Minneapolis, MN?
Median income: $66,023. Median rent: $1,350. Median home price: $315,000.
Does Minnesota have a state income tax?
State tax rate: 9.85%. Local tax rate: 8.03%.
What is the weather like in Minneapolis?
Average high: 55°F. Average low: 37°F. Annual rainfall: 30 inches. Sunny days: 198.
Is Minneapolis a good place to live?
Minneapolis, MN city guide. Population is 429,954. Median household income is $66,023. Median rent is $1,350.