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Cost of Living: Minneapolis, MN vs Colorado Springs, CO

A data-driven comparison of housing, groceries, transportation, taxes, job market and more. See which city gives you more for your money.

2.9% Colorado Springs, CO is cheaper overall
1.9% 1.9% more expensive housing
3.0% 3.0% cheaper groceries
Updated April 2026 · Data: Bureau of Labor Statistics, U.S. Census Bureau National average = 100

At a Glance

🏠 Housing ~Same
Minneapolis
108
Colorado Springs
110
🛒 Groceries 3.0% cheaper
Minneapolis
101
Colorado Springs
98
🚗 Transportation 7.5% cheaper
Minneapolis
106
Colorado Springs
98
🏥 Healthcare ~Same
Minneapolis
100
Colorado Springs
100
⚡ Utilities 3.2% cheaper
Minneapolis
95
Colorado Springs
92

Detailed Breakdown

Category Minneapolis, MN Colorado Springs, CO Difference
Overall Cost Index1041012.9% less
Housing108110~Same
Median 1BR Rent$1,350$1,350~Same
Median Home Price$330,000$400,00021.2% more
Groceries101983.0% less
Transportation106987.5% less
Healthcare100100~Same
Utilities95923.2% less

Tax Comparison

Tax Type Minneapolis, MN Colorado Springs, CO
State Income Tax9.85% (top)4.40%
State Sales Tax6.88%2.90%
Avg Property Tax Rate1.02%0.49%
Estate / Inheritance TaxYesNone

What You'd Need to Earn

Minneapolis, MN
$76,000
Median household income
Colorado Springs, CO
$72,000
Median household income
⚠️ Heads up: Colorado Springs costs more but median income is lower. You may need to earn more to maintain the same standard of living.

Salary Equivalent Calculator

Find out what you'd need to earn in Colorado Springs to maintain your Minneapolis lifestyle.

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Based on overall cost index: Minneapolis (104) vs Colorado Springs (101). This is an estimate for comparison purposes.

Job Market Snapshot

Unemployment Rate
Minneapolis3.2%
Colorado Springs3.4%
Job Growth (YoY)
Minneapolis2.5%
Colorado Springs3.1%
Top Industries
MinneapolisHealthcare, Finance, Retail
Colorado SpringsMilitary, Tech, Tourism

Quality of Life

Avg Commute
Minneapolis25 min
Colorado Springs24 min
Walk Score
Minneapolis69
Colorado Springs34
Air Quality (AQI)
Minneapolis36
Colorado Springs40
Avg Temperature
Minneapolis45°F
Colorado Springs49°F
Population
Minneapolis425,336
Colorado Springs478,961

Moving from Minneapolis to Colorado Springs?

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Planning Your Move?

Here are some helpful resources if you're considering relocating.

🏠 Find ApartmentsBrowse rentals in Minneapolis and Colorado Springs → 🚚 Get Moving QuotesCompare prices from top movers → 📈 Check Home ValuesSee real estate trends in both cities → 💼 Search JobsFind open positions in Colorado Springs →

Compare Other Cities

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Frequently Asked Questions

Is Minneapolis or Colorado Springs cheaper to live in?+
Colorado Springs is the more affordable option overall. The biggest difference is in housing costs, where the gap is about 1.9%. Day-to-day expenses like groceries and transportation are closer between the two cities.
How much is rent in Minneapolis vs Colorado Springs?+
A typical one-bedroom apartment costs around $1,350/month in Minneapolis and $1,350/month in Colorado Springs — a difference of about $0 per month.
Which city has lower taxes, Minneapolis or Colorado Springs?+
Minnesota has a state income tax of 9.85% (top) and sales tax of 6.88%. Colorado has a state income tax of 4.40% and sales tax of 2.90%. Consider all tax types together when evaluating total tax burden, as states with no income tax often compensate with higher sales or property taxes.
Can I afford to move from Minneapolis to Colorado Springs?+
Median household income in Minneapolis is $76,000 compared to $72,000 in Colorado Springs. Use the salary calculator above to see what you'd need to earn to maintain your current standard of living.
What about buying a home in Minneapolis vs Colorado Springs?+
The median home price in Minneapolis is $330,000 versus $400,000 in Colorado Springs — a difference of $70,000. Property tax rates also differ: Minnesota averages 1.02% while Colorado averages 0.49%.