Is Kenwood Expensive?

Minneapolis, United States

+30% vs Minneapolis avg

Living in Kenwood, Minneapolis

Kenwood is the most expensive area in Minneapolis, with a cost of living index of 79.8 — that is +30% compared to the Minneapolis average. Only the top 1 of 30 neighborhoods cost more. Estimated rent for a one-bedroom apartment here is around $2,015/month, compared to a range of $1,116 in Brooklyn Park to $2,015 in Kenwood.

Monthly Budget Breakdown

For a typical resident of Kenwood, housing takes up roughly 55% 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 $80,600 before tax.

Typical Salaries in Kenwood

Salaries in Kenwood reflect the local cost of living. Based on the neighborhood COLI of 79.8:

After tax and deductions of 29.2% in United States, take-home pay for someone earning $80,600 would be roughly $57,065/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

79.8
COLI Index
1.30x
vs City Avg
$2,015
Est. 1BR Rent
#1
of 30 Areas
29.2%
Total Deductions

Tax & Deductions in Kenwood

Estimated annual deductions on a $59,850 salary in Kenwood, Minneapolis (local employee).

Income Tax
14%
Social Security + Medicare (FICA)
7.6%
State Income Tax (MN)
7.85%
Total Deductions: 29.2%
Est. Take-Home: $42,353/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Kenwood would need to be elsewhere:

City Currency Equivalent
New York USD $59,850
London GBP £51,506
Dubai AED AED 299,477

Other Neighborhoods in Minneapolis

Neighborhood COLI Multiplier vs Avg
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%
Downtown Minneapolis 72.5 1.18x +18%

View all 30 neighborhoods in Minneapolis →

Convert Your Salary

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Compare Kenwood

Kenwood vs Brooklyn Park Kenwood vs St. Paul (Mac-Groveland) Kenwood vs North Loop Kenwood vs Edina

Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Kenwood:

Coal Harbour, Vancouver Forest Hill, Toronto Uptown, Dallas LoDo (Lower Downtown), Denver Dalkeith, Perth South Waterfront, Portland

Frequently Asked Questions

Is Kenwood expensive in Minneapolis?

Yes, Kenwood is one of the more expensive neighborhoods in Minneapolis. It costs about +30% more than the city average, ranking #1 out of 30 neighborhoods.

How does Kenwood compare to the Minneapolis average?

The cost of living in Kenwood is significantly above the Minneapolis average. With a multiplier of 1.30x, everyday expenses including rent, food, and transportation are +30% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include U.S. Bureau of Labor Statistics · U.S. Census Bureau · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.