Overall
Diff +7.7 RPP
Minneapolis-St. Paul-Bloomington vs New York-Newark-Jersey City
Cost of living comparison based on BEA Regional Price Parities. New York-Newark-Jersey City is 7.4% more expensive than Minneapolis-St. Paul-Bloomington.
7.4% more expensive
New York-Newark-Jersey City, NY-NJ is 7.4% more expensive than Minneapolis-St. Paul-Bloomington, MN-WI on BEA Regional Price Parities (overall RPP 112.6 vs 104.8). A $100,000 salary in Minneapolis-St. Paul-Bloomington buys about the same as $107,385 in New York-Newark-Jersey City; the largest component gap is rents.
- Overall RPP 104.8 (Minneapolis-St. Paul-Bloomington) vs 112.6 (New York-Newark-Jersey City)
- $100k in Minneapolis-St. Paul-Bloomington ≈ $107,385 purchasing power in New York-Newark-Jersey City
- Rents drives the gap (+36.8 RPP points)
RPP parity plate
Pair MN:NY 104.8→112.6
TIER-NEAR · CROSS-STATE · RENT-LED · BOTH-ABOVE · PP-SHIFT
- TIER-NEAR Near tier
- CROSS-STATE MN × NY
- RENT-LED Rent-led gap
- BOTH-ABOVE Both above 100
- PP-SHIFT PP shift
Instrument codes from this pair's BEA Regional Price Parities (overall · goods · services · rents · national benchmark 100 · purchasing-power conversion), not a ranking or recommendation.
Salary Equivalents
What a salary in Minneapolis-St. Paul-Bloomington would need to be in New York-Newark-Jersey City for the same purchasing power:
| In Minneapolis-St. Paul-Bloomington | In New York-Newark-Jersey City | Difference |
|---|---|---|
| $50,000 | $53,692 | +$3,692 |
| $75,000 | $80,539 | +$5,539 |
| $100,000 | $107,385 | +$7,385 |
| $150,000 | $161,077 | +$11,077 |
$ in Minneapolis-St. Paul-Bloomington = in New York-Newark-Jersey City
Same BEA Regional Price Parity ratio as the table above (104.8 → 112.6), computed live from your number, nothing is sent anywhere.
What This Comparison Actually Tells You
Both metros exceed the U.S. benchmark of 100. The choice is between two national premiums, so local wages need to clear the higher baseline in either market.
New York-Newark-Jersey City, NY-NJ is 7.4% more expensive than Minneapolis-St. Paul-Bloomington, MN-WI, a meaningful but not extreme shift. The move decision turns on which budget category creates the 7.7-point overall gap.
Rents leads the difference, with New York-Newark-Jersey City 36.8 points higher than Minneapolis-St. Paul-Bloomington. Goods, services, and rents all point in the same broad direction, making the headline comparison more transferable across household types.
Comparable population context is incomplete for this pair, so no market-scale explanation is inferred from the price indexes.
For a housing-sensitive move, validate the rent gap first: HUD Fair Market Rent and the actual unit size can overturn what the blended index implies. On the BEA ratio alone, $100,000 in Minneapolis-St. Paul-Bloomington corresponds to $107,385 in New York-Newark-Jersey City.
Category Breakdown
Goods
Diff +7.2 RPP
Services
Diff +33.5 RPP
Rents
Diff +36.8 RPP
| Category | Minneapolis-St. Paul-Bloomington | New York-Newark-Jersey City | Difference |
|---|---|---|---|
| Overall | 104.8 | 112.6 | +7.7 |
| Goods | 103.1 | 110.3 | +7.2 |
| Services | 93.5 | 127.0 | +33.5 |
| Rents | 111.8 | 148.6 | +36.8 |
Visual Comparison
Overall
Minneapolis-St. Paul-Bloomington 104.8
New York-Newark-Jersey City 112.6
Goods
Minneapolis-St. Paul-Bloomington 103.1
New York-Newark-Jersey City 110.3
Services
Minneapolis-St. Paul-Bloomington 93.5
New York-Newark-Jersey City 127.0
Rents
Minneapolis-St. Paul-Bloomington 111.8
New York-Newark-Jersey City 148.6
Vertical line = national average (100)
Minneapolis-St. Paul-Bloomington
104.8
Cost Index
New York-Newark-Jersey City
112.6
Cost Index
How the Price Gap Changed
Minneapolis-St. Paul-Bloomington and New York-Newark-Jersey City share 17 published annual releases from 2008 through 2024. Their overall gap narrowed, moving from 10.5 to 7.7 RPP points. New York-Newark-Jersey City remained the higher-index metro in the latest release.
Services changed the most within this pair: its gap moved 25.6 points between the first and latest shared releases (59.1 to 33.5 points). This describes a relative price-index history, not a forecast or a household budget.
| Release Year | Minneapolis-St. Paul-Bloomington RPP | New York-Newark-Jersey City RPP | Relative Gap |
|---|---|---|---|
| 2008 | 102.9 | 113.5 | 10.5 points New York-Newark-Jersey City higher |
| 2012 | 101.2 | 113.8 | 12.5 points New York-Newark-Jersey City higher |
| 2016 | 102.3 | 113.7 | 11.4 points New York-Newark-Jersey City higher |
| 2020 | 102.4 | 115.6 | 13.2 points New York-Newark-Jersey City higher |
| 2024 | 104.8 | 112.6 | 7.7 points New York-Newark-Jersey City higher |
Annual BEA Regional Price Parity releases; a higher index means a higher price level relative to the national average of 100. Selected years shown from the full shared series.
Frequently Asked Questions
Is New York-Newark-Jersey City more expensive than Minneapolis-St. Paul-Bloomington?
New York-Newark-Jersey City is 7.4% more expensive than Minneapolis-St. Paul-Bloomington. The overall cost index is 112.6 vs 104.8 (national average = 100).
What salary in New York-Newark-Jersey City equals $100K in Minneapolis-St. Paul-Bloomington?
A $100,000 salary in Minneapolis-St. Paul-Bloomington has the same purchasing power as $107,385 in New York-Newark-Jersey City. This is based on the BEA Regional Price Parity indexes.
How do rents compare between Minneapolis-St. Paul-Bloomington and New York-Newark-Jersey City?
Rents in Minneapolis-St. Paul-Bloomington are indexed at 111.8 while New York-Newark-Jersey City is at 148.6 (national average = 100). New York-Newark-Jersey City has higher rents.
Data sources
- BEA Regional Price Parities (RPP), the cost-of-living indices shown on this page
- U.S. Census Bureau, American Community Survey (ACS), gross-rent observations behind the rents component
- BLS Consumer Price Index (CPI), goods and services price relatives
- BLS Occupational Employment and Wage Statistics (OEWS), labor-driven services component
- HUD Fair Market Rents (FMR), 40th-percentile rent cross-reference
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-08-11. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.