Median rent is 25% lower in Minneapolis ($1,371/mo vs $1,824/mo). Buying is cheaper in Minneapolis, where the median home runs $362,200 versus $484,900. Households earn more in Henderson ($90,138 vs $80,846 a year). Taken together, Henderson is the more affordable choice with a cost index of 98.3 against 104.3 — about 6% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Henderson, NV.
Cost of living verdict
Henderson is 6% cheaper overall
Cost of Living Index: 98.3 in Henderson vs 104.3 in Minneapolis (US national average = 100)
City A
Henderson, NV
City B
Minneapolis, MN
How much would you need to earn in Minneapolis, MN to maintain your standard of living from Henderson, NV?
Equivalent salary in Minneapolis, MN
$79,591
You'd need $4,591 more (6% higher).
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Henderson
Nevada
Minneapolis
Minnesota
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Minneapolis — median rent of $1,371/mo versus $1,824/mo in Henderson, a 25% difference. Home buyers face a steeper market in Henderson: the median home is $484,900 versus $362,200 in Minneapolis — 25% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Henderson
Income tax: N/A
Sales tax: N/A
Minneapolis
Income tax: N/A
Sales tax: N/A
Henderson has cleaner air on average: 20.0 AQI (Good) compared to 55.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick Henderson if you prioritize lower overall cost of living (index 98.3 vs 104.3).
Pick Henderson if you prioritize higher median household income ($90,138/yr).
Pick Minneapolis if you prioritize cheaper rent ($1,371/mo median).
Pick Henderson if you prioritize cleaner air quality (avg AQI 20.0).
Is Henderson cheaper than Minneapolis?
Henderson is cheaper overall, with a cost of living index of 98.3 versus 104.3 (US average = 100). That means prices run about 6% lower in Henderson.
How much is rent in Henderson vs Minneapolis?
Median rent is $1,824/mo in Henderson, NV and $1,371/mo in Minneapolis, MN. Minneapolis, MN has the lower rent by about 25%.
Which has higher salaries — Henderson or Minneapolis?
Median household income is $90,138 in Henderson, NV and $80,846 in Minneapolis, MN. Henderson, NV has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Henderson, NV has better air quality on average: 20.0 AQI versus 55.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Henderson or Minneapolis?
State tax data is not yet available for one or both cities.
What salary do I need in Minneapolis to match my Henderson income?
To maintain the same purchasing power, a salary of $100,000 in Henderson, NV is equivalent to roughly $106,121 in Minneapolis, MN (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
