Minneapolis, MN

Cost of Living in Minneapolis, MN (2026): Rent, Utilities & Take-Home

$3,320/mo in Minneapolis. $2,767 left each month. Prices near the US average.

Compare vs Chicago Rank metros from MinneapolisHow we figure this

Monthly costs

Take-home $6,087/mo.

Taxes$2,200
Rent$1,366
Other living costs$1,954
Left over$2,767

Pay and tax, per year

Gross household pay: $99,438
Federal income tax: −$13,490
Social Security and Medicare: −$7,607
State income tax (MN): −$5,298
Take-home pay: $73,042
Effective tax rate: 26.5%

Living costs, per month

Rent, 1br: $1,366
Groceries: $400
Getting around: $504
Healthcare: $450
Utilities and internet: $250
Everything else: $350
Total spending: $3,320

Left over each month

$8,287 gross, minus $2,200 in tax and $3,320 in living costs.

$2,767

Average electric bill in Minnesota

About $142 a month for a household using 900 kWh. That is the EIA residential price for Minnesota in 2025, 15.83¢ per kWh. It is a state average, not a Minneapolis utility bill, and the utilities line in the monthly costs above already includes a modelled power cost.

Cost of Living in Minneapolis, MN (2026): Rent, Utilities & Take-Home

Monthly costs

Pay and tax, per year

Living costs, per month

Average electric bill in Minnesota

Moving from Minneapolis

Take-home by job in Minneapolis

Other Minnesota metros

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