Minneapolis vs New York
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Minneapolis vs New York
Minneapolis is 57% more affordable for homebuyers. Minneapolis has a price-to-income ratio of 4.5x compared to 9.2x in New York.
| Metric | Minneapolis | New York |
|---|---|---|
| Avg Home Price | $320,000 | $750,000 |
| Price / sqm | $3,500 | $12,500 |
| Rent (1BR) | $1,400/mo | $3,500/mo |
| Rent (3BR) | $2,100/mo | $5,500/mo |
| Price-to-Income | 4.5x | 9.2x |
| Mortgage Rate | 6.8% | 6.8% |
| 1yr Change | +2.8% | +2.1% |
| Median Income | $71,000/yr | $82,000/yr |
| Population | 430,000 | 8,300,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Minneapolis or New York more expensive?
Minneapolis is more affordable. Home prices differ by $430,000 (57%).
Which city has cheaper rent, Minneapolis or New York?
Rent for a 1BR in Minneapolis is $1,400/mo vs $3,500/mo in New York.
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