Minneapolis, United States
+18% vs Minneapolis avgDowntown Minneapolis is one of the pricier neighborhoods in Minneapolis, with a cost of living index of 72.5 — that is +18% compared to the Minneapolis average. It ranks #6 out of 30 areas by cost. Estimated rent for a one-bedroom apartment here is around $1,829/month, compared to a range of $1,116 in Brooklyn Park to $2,015 in Kenwood.
For a typical resident of Downtown Minneapolis, housing takes up roughly 53% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $73,160 before tax.
Salaries in Downtown Minneapolis reflect the local cost of living. Based on the neighborhood COLI of 72.5:
After tax and deductions of 28.4% in United States, take-home pay for someone earning $73,160 would be roughly $52,383/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a $54,375 salary in Downtown Minneapolis, Minneapolis (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Downtown Minneapolis would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $54,375 |
| London | GBP | £46,794 |
| Dubai | AED | AED 272,081 |
| Neighborhood | COLI | Multiplier | vs Avg |
|---|---|---|---|
| Kenwood | 79.8 | 1.30x | +30% |
| Edina | 78.6 | 1.28x | +28% |
| North Loop | 76.8 | 1.25x | +25% |
| Linden Hills | 74.9 | 1.22x | +22% |
| Lowry Hill | 73.7 | 1.20x | +20% |
See exactly what you need to earn in Downtown Minneapolis, Minneapolis to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Downtown Minneapolis:
Yes, Downtown Minneapolis is one of the more expensive neighborhoods in Minneapolis. It costs about +18% more than the city average, ranking #6 out of 30 neighborhoods.
The cost of living in Downtown Minneapolis is above the Minneapolis average. With a multiplier of 1.18x, everyday expenses including rent, food, and transportation are +18% compared to the city baseline.