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Cost of Living: Minneapolis, MN vs Tampa, FL

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

2.9% Tampa, FL is cheaper overall
1.9% 1.9% more expensive housing
1.0% 1.0% cheaper groceries
Updated April 2026 · Data: Bureau of Labor Statistics, U.S. Census Bureau National average = 100

At a Glance

🏠 Housing ~Same
Minneapolis
108
Tampa
110
🛒 Groceries ~Same
Minneapolis
101
Tampa
100
🚗 Transportation 5.7% cheaper
Minneapolis
106
Tampa
100
🏥 Healthcare 5.0% cheaper
Minneapolis
100
Tampa
95
⚡ Utilities 8.4% more
Minneapolis
95
Tampa
103

Detailed Breakdown

Category Minneapolis, MN Tampa, FL Difference
Overall Cost Index1041012.9% less
Housing108110~Same
Median 1BR Rent$1,350$1,4507.4% more
Median Home Price$330,000$365,00010.6% more
Groceries101100~Same
Transportation1061005.7% less
Healthcare100955.0% less
Utilities951038.4% more

Tax Comparison

Tax Type Minneapolis, MN Tampa, FL
State Income Tax9.85% (top)None (0%)
State Sales Tax6.88%6.00%
Avg Property Tax Rate1.02%0.80%
Estate / Inheritance TaxYesNone

What You'd Need to Earn

Minneapolis, MN
$76,000
Median household income
Tampa, FL
$62,000
Median household income
⚠️ Heads up: Tampa 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 Tampa to maintain your Minneapolis lifestyle.

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

Job Market Snapshot

Unemployment Rate
Minneapolis3.2%
Tampa3.8%
Job Growth (YoY)
Minneapolis2.5%
Tampa3.2%
Top Industries
MinneapolisHealthcare, Finance, Retail
TampaFinance, Healthcare, Tech

Quality of Life

Avg Commute
Minneapolis25 min
Tampa27 min
Walk Score
Minneapolis69
Tampa49
Air Quality (AQI)
Minneapolis36
Tampa37
Avg Temperature
Minneapolis45°F
Tampa73°F
Population
Minneapolis425,336
Tampa393,468

Moving from Minneapolis to Tampa?

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Planning Your Move?

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

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

Compare Other Cities

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Frequently Asked Questions

Is Minneapolis or Tampa cheaper to live in?+
Tampa 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 Tampa?+
A typical one-bedroom apartment costs around $1,350/month in Minneapolis and $1,450/month in Tampa — a difference of about $100 per month.
Which city has lower taxes, Minneapolis or Tampa?+
Minnesota has a state income tax of 9.85% (top) and sales tax of 6.88%. Florida has a state income tax of None (0%) and sales tax of 6.00%. 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 Tampa?+
Median household income in Minneapolis is $76,000 compared to $62,000 in Tampa. 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 Tampa?+
The median home price in Minneapolis is $330,000 versus $365,000 in Tampa — a difference of $35,000. Property tax rates also differ: Minnesota averages 1.02% while Florida averages 0.80%.