Quick answer
Tampa is 48% cheaper than Minneapolis overall. A $100K salary in Minneapolis is equivalent to $52,000 in Tampa.
Cost of Living Comparison · 2026
Minneapolis vs Tampa Cost of Living (2026)
Side-by-side cost comparison plus a salary calculator to find your equivalent pay in either city.
Overall COL difference
Tampa is 48% cheaper
1BR rent difference
+22% (B vs A)
$100K in A = in B
$52,000
Minneapolis vs Tampa: Side-by-Side
1BR median rent
$1,380/mo
$1,680/mo
+22%
2BR median rent
$1,750/mo
$2,100/mo
+20%
Median home price
$320K
$390K
+22%
Avg monthly groceries
$360
$345
-4%
Avg monthly utilities
$155
$175
+13%
State income tax
Up to 9.85%
None
Tampa saves
Walk score
69/100
52/100
Minneapolis better
Transit score
55/100
34/100
Minneapolis better
Salary Equivalency Calculator
How much you need to earn in Tampa to maintain the same standard of living as your current Minneapolis salary — and vice versa.
$60,000
$31,000
$115,000
$80,000
$42,000
$153,000
$100,000
$52,000
$192,000
$120,000
$63,000
$230,000
$150,000
$78,000
$287,000
Calculated using a weighted index: rent (40%), home prices (20%), groceries (20%), utilities (10%), state income tax (10%). Individual lifestyles vary.
Monthly Budget: Minneapolis vs Tampa
Who Each City Is Best For
Minneapolis is best for
- ✓corporate professionals
- ✓healthcare workers
- ✓outdoor enthusiasts (winter sports)
- ✓arts and culture seekers
Tampa is best for
- ✓healthcare workers
- ✓remote workers
- ✓beach lifestyle seekers
- ✓retirees
FAQs
Is Minneapolis or Tampa cheaper to live in?
Tampa is 48% cheaper than Minneapolis overall. Tampa 1BR rent ($1,680/mo) vs Minneapolis ($1,380/mo). Median home price: Tampa $390K vs Minneapolis $320K.
How much salary do I need in Tampa to match $100K in Minneapolis?
$52,000 in Tampa is equivalent to $100,000 in Minneapolis based on cost of living differences. The biggest factors are rent (+22% difference) and state taxes (Minneapolis: Up to 9.85% vs Tampa: None).
What is the rent difference between Minneapolis and Tampa?
1BR: Minneapolis $1,380/mo vs Tampa $1,680/mo (+22%). 2BR: Minneapolis $1,750/mo vs Tampa $2,100/mo (+20%).
Does Minneapolis or Tampa have lower taxes?
Minneapolis (MN) has Up to 9.85% state income tax. Tampa (FL) has None state income tax. On a $100K salary, the annual tax difference is ~$9,850.