Median rent is 30% lower in St. Paul ($1,248/mo vs $1,779/mo). Buying is cheaper in St. Paul, where the median home runs $280,300 versus $751,700. Households earn more in New York ($79,713 vs $73,055 a year). Taken together, St. Paul is the more affordable choice with a cost index of 102.6 against 113.0 — about 9% lower overall prices.
Quick verdict
St. Paul is 9% cheaper overall
Cost index: 102.6 in St. Paul vs 113.0 in New York (US average = 100)
City A
New York, NY
City B
St. Paul, MN
How much would you need to earn in St. Paul, MN to maintain your standard of living from New York, NY?
Equivalent salary in St. Paul, MN
$68,132
You could earn $6,868 less (9% lower) and break even.
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
New York
New York
St. Paul
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: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in St. Paul — median rent of $1,248/mo versus $1,779/mo in New York, a 30% difference. Home buyers face a steeper market in New York: the median home is $751,700 versus $280,300 in St. Paul — 63% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
New York's top income tax rate is 10.90% versus 9.85% in Minnesota, so St. Paul is more tax-friendly for high earners. Sales tax is 4.00% in New York and 6.88% in Minnesota; New York has the lower rate (local add-ons may apply in both).
New York
Income tax: 10.90%
Sales tax: 4.00%
St. Paul
Income tax: 9.85%
Sales tax: 6.88%
St. Paul has cleaner air on average: 24.0 AQI (Good) compared to 61.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick St. Paul if you prioritize lower overall cost of living (index 102.6 vs 113.0).
Pick New York if you prioritize higher median household income ($79,713/yr).
Pick St. Paul if you prioritize cheaper rent ($1,248/mo median).
Pick St. Paul if you prioritize cleaner air quality (avg AQI 24.0).
Is New York cheaper than St. Paul?
St. Paul is cheaper overall, with a cost of living index of 102.6 versus 113.0 (US average = 100). That means prices run about 9% lower in St. Paul.
How much is rent in New York vs St. Paul?
Median rent is $1,779/mo in New York, NY and $1,248/mo in St. Paul, MN. St. Paul, MN has the lower rent by about 30%.
Which has higher salaries — New York or St. Paul?
Median household income is $79,713 in New York, NY and $73,055 in St. Paul, MN. New York, NY 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?
St. Paul, MN has better air quality on average: 24.0 AQI versus 61.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — New York or St. Paul?
New York's top income tax rate is 10.90% and Minnesota's is 9.85%. St. Paul, MN has the lower rate.
What salary do I need in St. Paul to match my New York income?
To maintain the same purchasing power, a salary of $100,000 in New York, NY is equivalent to roughly $90,843 in St. Paul, MN (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology