City Comparison · 2026
Minneapolis vs Phoenix
Salary, rent, taxes, and purchasing power compared
Purchasing Power
$100k in Minneapolis = $96k in Phoenix
Metric
Minneapolis
Phoenix
COL Index
1.17
✓1.12
1BR Monthly Rent
$1,600/mo
✓$1,450/mo
2BR Monthly Rent
$2,050/mo
✓$1,820/mo
State Income Tax
MN
AZ
$100k Take-Home
$72,396
✓$76,236
$100k Effective Rate
27.6%
✓23.76%
$100k Savings Potential
$53,196
✓$58,836
After-Tax Income by Salary
| Gross Salary | Minneapolis MN | Phoenix AZ |
|---|---|---|
| $60,000 | $46,628 $3,886/mo · 22.29% eff. | $48,748 $4,062/mo · 18.75% eff. |
| $100,000 | $72,396 $6,033/mo · 27.6% eff. | $76,236 $6,353/mo · 23.76% eff. |
| $150,000 | $103,055 $8,588/mo · 31.3% eff. | $109,528 $9,127/mo · 26.98% eff. |
Frequently Asked Questions
Is Minneapolis or Phoenix cheaper to live in?
Minneapolis has a cost-of-living index of 1.17 while Phoenix is 1.12 (1.00 = US average). Phoenix is cheaper overall. 1BR rent in Minneapolis is $1,600/month vs $1,450/month in Phoenix.
How much more do you need to earn in Minneapolis vs Phoenix?
$100k in Minneapolis = $96k in Phoenix. Cost of living in Phoenix is lower by 4.3%.
Which city has better after-tax income — Minneapolis or Phoenix?
On a $100,000 salary, you take home $72,396 in MN (Minneapolis) and $76,236 in AZ (Phoenix). After accounting for rent, your annual savings potential is $53,196 in Minneapolis vs $58,836 in Phoenix.
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