What's The Cost of Living Like in Minneapolis-St. Paul?
Consistently named one of the best-value cities in the nation, the Greater Minneapolis-St. Paul area has a moderate cost of living compared to many other major markets in the U.S. Back in 2014, the Consumer Price Index (CPI) gave the Minneapolis area a score of 232, which is a full five points below the national city average. Recorded monthly, the CPI tracks changes in prices paid by urban consumers for goods and services like food, clothing, shelter, fuel, and transportation. So in other words, it’s essentially the best method we have of tracking the cost of day-today living.
Along with the lower costs of every day items, Minneapolis-St. Paul also presents home buyers with very reasonable housing costs and a variety of attractive neighborhoods that all have a lot of great lifestyle aspects to offer. In 2015, the Huffington Post named Minneapolis the second best city in the country for post-grads and if you’ve never been to the neighboring city of St. Paul, many often compare it to a charming European city with quaint neighborhoods and a well-maintained inventory of classic Victorian-style homes that were initially built to impress.
For even more perspective, Numbeo, the world’s largest database of user-contributed data about cities and countries worldwide, figures the cost of living in Minneapolis is right around 17.23 percent lower than in New York. And given Minneapolis-St. Paul is an energetic, progressive metropolis full of top-notch schools, plenty of affordable housing, incredible culture, fabulous dining and nightlife, and easily the nation’s best parks and recreational system, what’s really not to love?
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