Median rent is 26% lower in Minneapolis ($1,371/mo vs $1,841/mo). Buying is cheaper in Minneapolis, where the median home runs $362,200 versus $465,900. Households earn more in Plano ($112,253 vs $80,846 a year).
City A
Minneapolis, MN
City B
Plano, TX
How much would you need to earn in Plano, TX 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
Plano
Texas
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 $1,841/mo in Plano, a 26% difference. Home buyers face a steeper market in Plano: the median home is $465,900 versus $362,200 in Minneapolis — 22% more expensive.
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
Plano
Income tax: N/A
Sales tax: N/A
Both cities have similar air quality: Minneapolis averages 55.0 AQI (Moderate) and Plano averages 55.0 AQI (Moderate).
Pick Plano if you prioritize higher median household income ($112,253/yr).
Pick Minneapolis if you prioritize cheaper rent ($1,371/mo median).
Is Minneapolis cheaper than Plano?
Cost of living index data is not yet available for one or both cities.
How much is rent in Minneapolis vs Plano?
Median rent is $1,371/mo in Minneapolis, MN and $1,841/mo in Plano, TX. Minneapolis, MN has the lower rent by about 26%.
Which has higher salaries — Minneapolis or Plano?
Median household income is $80,846 in Minneapolis, MN and $112,253 in Plano, TX. Plano, TX 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?
Plano, TX has better air quality on average: 55.0 AQI versus 55.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Minneapolis or Plano?
State tax data is not yet available for one or both cities.
What salary do I need in Plano 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
