Moving from Minneapolis to El Paso (2026)

El Paso has a COL index of 80 vs 106 for Minneapolis (100 = US average). You'd pay about 25% less for the same lifestyle.

Save ~$1,269/mo
on rent + taxes ยท $75K salary baseline

Change cities

Key differences

COL index
106 โ†’ 80
100 = US avg
1BR rent
$1,700 โ†’ $1,050
per month
State tax
9.9% โ†’ None
income tax
COL difference
106 โ†’ 80
25% cheaper

Salary needed in El Paso to match your Minneapolis lifestyle

Based on the 25% cost of living decrease between the two cities.

Your salary in MinneapolisEquivalent in El Paso
$40K$30,189
$50K$37,736
$60K$45,283
$75K$56,604
$80K$60,377
$100K$75,472
$120K$90,566
$150K$113,208

๐Ÿ’ต Household income (before tax)

$75K
$
$30K$300K
Save ~$775/moon core expenses at $75K

Monthly budget at $75K โ€” Minneapolis vs El Paso

ExpenseMinneapolisEl Paso
Monthly take-home$4,122$4,741
1BR rent$1,700$1,050
Groceries$391$346
Transport$95$40
Utilities$195$175
Internet$65$60
Left after essentials$1,676$3,070

30-Year Wealth Builder

If you invest your monthly savings of $775 in a low-cost index fund (7% avg return), you'd accumulate an extra:

$945,478

over 30 years compared to staying in Minneapolis โ€” that's the real price of a city.

$775/mo invested

Frequently asked questions

Is El Paso cheaper than Minneapolis?

Yes. El Paso has a cost of living index of 80 vs 106 for Minneapolis (100 = US average). That's about 25% cheaper.

How much will I save moving from Minneapolis to El Paso?

On a $75K salary, moving from Minneapolis to El Paso saves roughly $1,269/month on core expenses. That's ~$15,228/year.

What salary do I need in El Paso to match my Minneapolis lifestyle?

To maintain the same purchasing power as $75,000 in Minneapolis, you'd need roughly $56,604/year in El Paso. This is based on the overall COL index difference.

Estimates based on Q1 2026 COL index and market data. Budget uses simplified federal/state tax rates. Zillow ยท BLS ยท Numbeo ยท For general guidance only