Moving from Memphis to Minneapolis (2026)
Minneapolis has a COL index of 106 vs 83 for Memphis (100 = US average). Expect to pay about 28% more for the same lifestyle.
Key differences
Salary needed in Minneapolis to match your Memphis lifestyle
Based on the 28% cost of living increase between the two cities.
| Your salary in Memphis | Equivalent in Minneapolis |
|---|---|
| $40K | $51,084 |
| $50K | $63,855 |
| $60K | $76,627 |
| $75K | $95,783 |
| $80K | $102,169 |
| $100K | $127,711 |
| $120K | $153,253 |
| $150K | $191,566 |
Monthly budget at $75K — Memphis vs Minneapolis
| Expense | Memphis | Minneapolis |
|---|---|---|
| Monthly take-home | $4,741 | $4,122 |
| 1BR rent | $1,100 | $1,700 |
| Groceries | $357 | $391 |
| Transport | $55 | $95 |
| Utilities | $170 | $195 |
| Internet | $55 | $65 |
| Left after essentials | $3,004 | $1,676 |
Frequently asked questions
Is Minneapolis cheaper than Memphis?
No. Minneapolis has a cost of living index of 106 vs 83 for Memphis (100 = US average). That's about 28% more expensive.
How much will I save moving from Memphis to Minneapolis?
On a $75K salary, core expenses in Minneapolis run about $709/month more than Memphis. Factor this into your salary negotiation when relocating.
What salary do I need in Minneapolis to match my Memphis lifestyle?
To maintain the same purchasing power as $75,000 in Memphis, you'd need roughly $95,783/year in Minneapolis. This is based on the overall COL index difference between the two cities.
Estimates based on Q1 2026 COL index and market data. Budget uses simplified federal/state tax rates at $75K. Zillow · BLS · Numbeo · For general guidance only