Median rent is 3% lower in Minneapolis ($1,371/mo vs $1,413/mo). Buying is cheaper in Minneapolis, where the median home runs $362,200 versus $372,900. Households earn more in Minneapolis ($80,846 vs $78,050 a year).
City A
Madison, WI
City B
Minneapolis, MN
How much would you need to earn in Minneapolis, MN to maintain your standard of living from Madison, WI?
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 metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Madison
Wisconsin
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
Median rents are similar in both cities: $1,413/mo in Madison and $1,371/mo in Minneapolis. Median home values are within 3% of each other: $372,900 in Madison and $362,200 in Minneapolis.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Madison
Income tax: N/A
Sales tax: N/A
Minneapolis
Income tax: N/A
Sales tax: N/A
Madison has cleaner air on average: 27.0 AQI (Good) compared to 55.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick Madison if you prioritize cleaner air quality (avg AQI 27.0).
Is Madison cheaper than Minneapolis?
Cost of living index data is not yet available for one or both cities.
How much is rent in Madison vs Minneapolis?
Median rent is $1,413/mo in Madison, WI and $1,371/mo in Minneapolis, MN. Minneapolis, MN has the lower rent by about 3%.
Which has higher salaries — Madison or Minneapolis?
Median household income is $78,050 in Madison, WI and $80,846 in Minneapolis, MN. Minneapolis, 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?
Madison, WI has better air quality on average: 27.0 AQI versus 55.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Madison or Minneapolis?
State tax data is not yet available for one or both cities.
What salary do I need in Minneapolis to match my Madison income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
