Moving from Anchorage to Minneapolis
Moving to Minneapolis costs you $49 a month
−$588 a year for the same registered nurse, the same household size, and the same number of bedrooms.
Anchorage leftover
$2,806
a month after tax and rent
Minneapolis leftover
$2,757
−$49 vs Anchorage
| Per month | Anchorage | Minneapolis | Difference |
|---|---|---|---|
| Gross pay | $8,167 | $8,276 | +$109 |
| Income and payroll tax | $1,723 | $2,196 | +$473 |
| Take-home pay | $6,444 | $6,080 | −$364 |
| Rent | $1,346 | $1,369 | +$23 |
| Getting around | $636 | $504 | −$132 |
| Groceries | $457 | $400 | −$57 |
| Healthcare | $514 | $450 | −$64 |
| Utilities | $286 | $250 | −$36 |
| Everything else | $400 | $350 | −$50 |
| Left over | $2,806 | $2,757 | −$49 |
To break even in Minneapolis, you'd need to earn
$100,000
Household gross, versus $98,000 today. That's the salary that leaves you exactly as much at the end of the month as Anchorage does now.
The tax difference alone
−$5,290
A year, in state and local income tax. Effective rates: 21.1% in Anchorage, 26.5% in Minneapolis.
More about Minneapolis
Anchorage, AK in full
No state income tax, a median 2-bedroom asking rent of $1,602 and 138 sunny days; commutes average 23 minutes.
Minneapolis, MN in full
Strong wages, good bones, and a January that averages 9°F at night.
The reverse move
Same two cities, but starting from Minneapolis on Minneapolis wages.
Minneapolis → Anchorage →Questions
Is the cost of living lower in Minneapolis than Anchorage?
A one-bedroom is about $1,346 in Anchorage versus $1,369 in Minneapolis. On a one-adult, one-bedroom household, leftover is about $49 a month lower in Minneapolis. Change the job or household on the comparison to see your number.
Does Minneapolis have state income tax?
Minneapolis is in Minnesota, which taxes wage income.
What changes if you move from Anchorage to Minneapolis?
Take-home pay is recalculated under Minnesota tax, rent is priced at the same bedroom count, and leftover is the gap. The from-to page also lists IRS households that already made the move, when that data exists.
Rent is Zillow's asking rent for each metro; taxes and living costs are modelled. An estimate, not a quote or tax advice. How this is calculated.