Is Southwest Minneapolis Expensive?

Minneapolis, United States

+5% vs Minneapolis avg

Living in Southwest Minneapolis, Minneapolis

Southwest Minneapolis is a moderately-priced area within Minneapolis, with a cost of living index of 64.5 — that is +5% compared to the Minneapolis average. It sits around the middle of the pack at #11 out of 30 neighborhoods. Estimated rent for a one-bedroom apartment here is around $1,628/month, compared to a range of $1,116 in Brooklyn Park to $2,015 in Kenwood.

Monthly Budget Breakdown

For a typical resident of Southwest Minneapolis, housing takes up roughly 47% 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 $65,100 before tax.

Typical Salaries in Southwest Minneapolis

Salaries in Southwest Minneapolis reflect the local cost of living. Based on the neighborhood COLI of 64.5:

After tax and deductions of 27.3% in United States, take-home pay for someone earning $65,100 would be roughly $47,328/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

64.5
COLI Index
1.05x
vs City Avg
$1,628
Est. 1BR Rent
#11
of 30 Areas
27.3%
Total Deductions

Tax & Deductions in Southwest Minneapolis

Estimated annual deductions on a $48,375 salary in Southwest Minneapolis, Minneapolis (local employee).

Income Tax
12%
Social Security + Medicare (FICA)
7.6%
State Income Tax (MN)
7.85%
Total Deductions: 27.3%
Est. Take-Home: $35,181/yr

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

Salary Equivalents

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

City Currency Equivalent
New York USD $48,375
London GBP £41,631
Dubai AED AED 242,058

Other Neighborhoods in Minneapolis

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%

View all 30 neighborhoods in Minneapolis →

Convert Your Salary

See exactly what you need to earn in Southwest Minneapolis, Minneapolis to maintain your lifestyle.

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Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Southwest Minneapolis:

Grant Park, Atlanta Carrboro, Raleigh Boylan Heights, Raleigh Neuhausen, Munich Plaza Midwood, Charlotte Wesley Heights, Charlotte

Frequently Asked Questions

Is Southwest Minneapolis expensive in Minneapolis?

Southwest Minneapolis is near the city average for Minneapolis. Costs are about +5% vs the average, making it a mid-range neighborhood.

How does Southwest Minneapolis compare to the Minneapolis average?

The cost of living in Southwest Minneapolis is above the Minneapolis average. With a multiplier of 1.05x, everyday expenses including rent, food, and transportation are +5% 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.