Median rent is 19% lower in Inver Grove Heights ($1,447/mo vs $1,779/mo). Buying is cheaper in Inver Grove Heights, where the median home runs $352,300 versus $751,700. Households earn more in Inver Grove Heights ($104,055 vs $79,713 a year).
City A
Inver Grove Heights, MN
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Inver Grove Heights, MN?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Inver Grove Heights
Minnesota
New York
New York
👥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: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rent is modestly lower in Inver Grove Heights at $1,447/mo compared to $1,779/mo in New York (19% gap). Home buyers face a steeper market in New York: the median home is $751,700 versus $352,300 in Inver Grove Heights — 53% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Minnesota's top income tax rate is 9.85% versus 10.90% in New York, so Inver Grove Heights is more tax-friendly for high earners. Sales tax is 6.88% in Minnesota and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Inver Grove Heights
Income tax: 9.85%
Sales tax: 6.88%
New York
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Inver Grove Heights.
Pick Inver Grove Heights if you prioritize higher median household income ($104,055/yr).
Pick Inver Grove Heights if you prioritize cheaper rent ($1,447/mo median).
Pick Inver Grove Heights if you prioritize lower state income tax (9.85%).
Is Inver Grove Heights cheaper than New York?
Cost of living index data is not yet available for one or both cities.
How much is rent in Inver Grove Heights vs New York?
Median rent is $1,447/mo in Inver Grove Heights, MN and $1,779/mo in New York, NY. Inver Grove Heights, MN has the lower rent by about 19%.
Which has higher salaries — Inver Grove Heights or New York?
Median household income is $104,055 in Inver Grove Heights, MN and $79,713 in New York, NY. Inver Grove Heights, MN 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?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Inver Grove Heights or New York?
Minnesota's top income tax rate is 9.85% and New York's is 10.90%. Inver Grove Heights, MN has the lower rate.
What salary do I need in New York to match my Inver Grove Heights income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology