Median rent is 14% lower in Minneapolis ($1,371/mo vs $1,586/mo). Buying is cheaper in Minneapolis, where the median home runs $362,200 versus $413,600. Households earn more in Minneapolis ($80,846 vs $77,371 a year).
City A
Minneapolis, MN
City B
Nashville-Davidson, TN
How much would you need to earn in Nashville-Davidson, TN to maintain your standard of living from Minneapolis, 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 metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Minneapolis
Minnesota
Nashville-Davidson
Tennessee
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 rent is modestly lower in Minneapolis at $1,371/mo compared to $1,586/mo in Nashville-Davidson (14% gap). Median home values are within 12% of each other: $362,200 in Minneapolis and $413,600 in Nashville-Davidson.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Minneapolis
Income tax: N/A
Sales tax: N/A
Nashville-Davidson
Income tax: N/A
Sales tax: N/A
Nashville-Davidson has cleaner air on average: 38.0 AQI (Good) compared to 55.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick Minneapolis if you prioritize cheaper rent ($1,371/mo median).
Pick Nashville-Davidson if you prioritize cleaner air quality (avg AQI 38.0).
Is Minneapolis cheaper than Nashville-Davidson?
Cost of living index data is not yet available for one or both cities.
How much is rent in Minneapolis vs Nashville-Davidson?
Median rent is $1,371/mo in Minneapolis, MN and $1,586/mo in Nashville-Davidson, TN. Minneapolis, MN has the lower rent by about 14%.
Which has higher salaries — Minneapolis or Nashville-Davidson?
Median household income is $80,846 in Minneapolis, MN and $77,371 in Nashville-Davidson, TN. 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?
Nashville-Davidson, TN has better air quality on average: 38.0 AQI versus 55.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Minneapolis or Nashville-Davidson?
State tax data is not yet available for one or both cities.
What salary do I need in Nashville-Davidson to match my Minneapolis 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
