Denver vs Minneapolis Cost of Living Comparison — Salary, Rent & Expenses
To keep the same standard of living as $100,000 in Denver, you'd need about $99,100 in Minneapolis — a $900 saving per year.
Monthly Cost Breakdown
Estimated monthly spending for a middle-income household, adjusted by each metro's BEA price level.
Equivalent Salary: Denver → Minneapolis
The salary you'd need in Minneapolis to maintain the same purchasing power as each income level in Denver, using the BEA price ratio of 0.991.
| Salary in Denver | Equivalent in Minneapolis | Difference |
|---|---|---|
| $50,000 | $49,500 | −$500 |
| $75,000 | $74,300 | −$700 |
| $100,000 | $99,100 | −$900 |
| $150,000 | $148,600 | −$1,400 |
| $200,000 | $198,100 | −$1,900 |
Denver vs Minneapolis: What the Numbers Mean
Moving from Denver, CO to Minneapolis, MN means your everyday costs are cheaper by roughly 0.9%. The U.S. Bureau of Economic Analysis measures Denver's overall price level at 105.8 and Minneapolis's at 104.8, where 100 represents the national average. In practical terms, a household spending $5,415 per month in Denver would spend about $5,360 for the equivalent lifestyle in Minneapolis — a swing of $55 every month, or $660 per year.
Housing is the decisive factor. Estimated monthly housing runs $2,319 in Denver against $2,281 in Minneapolis. Because rent and mortgage costs vary far more between metros than groceries or utilities, the housing line alone accounts for most of the 0.9% gap.
For salary negotiation or a remote-work relocation, the key number is the equivalent salary. A $100,000 income in Denver has the same purchasing power as $99,100 in Minneapolis. Looked at the other way, $100,000 in Minneapolis is worth about $101,000 in Denver terms. Use the Cost of Living Calculator to plug in your own expenses.
Cost of living compares prices across places at one point in time. The related question — how prices in one place have changed over time — is answered by inflation. To see what an income or price from an earlier decade is worth in today's money, see what old money is worth today, which converts any amount from 1913 onward using Consumer Price Index data.
Don't forget state taxes
Price levels don't include income tax, which can significantly swing your real take-home pay — especially between CO and MN.
Related Comparisons
Frequently Asked Questions
Is Minneapolis more expensive than Denver?
Minneapolis is 0.9% cheaper than Denver overall. Based on the U.S. Bureau of Economic Analysis Regional Price Parities (2024), Denver has a price level of 105.8 versus 104.8 for Minneapolis, where 100 equals the national average.
What salary do I need in Minneapolis to match $100,000 in Denver?
To maintain the same purchasing power as a $100,000 salary in Denver, you would need about $99,100 in Minneapolis — a difference of $900 per year.
Which costs more, housing in Denver or Minneapolis?
Estimated monthly housing runs about $2,319 in Denver versus $2,281 in Minneapolis. Housing is the single biggest driver of the cost-of-living gap between the two metros.
Sources & methodology
Price levels use the U.S. Bureau of Economic Analysis Regional Price Parities for metropolitan areas (2024, released February 2026). Denver maps to the Denver-Aurora-Centennial, CO MSA; Minneapolis maps to the Minneapolis-St. Paul-Bloomington, MN-WI MSA. Category spending baselines come from the U.S. Bureau of Labor Statistics Consumer Expenditure Survey. Category-level figures are modeled estimates and are illustrative; actual costs vary by household. This is a planning tool, not financial advice.