Chicago, ILMinneapolis, MN
You would need around 21.7% less money in Minneapolis, MN to maintain the same standard of living you have in Chicago, IL.
Overall Cost of Living
Minneapolis, MN is cheaper than Chicago, IL
1-Bed Rent (City Center)
Groceries (Monthly)
Average Net Salary
Editorial Insight: Planning a move from Chicago, IL to Minneapolis, MN? Based on our verified data model, you are looking at a fantastic geo-arbitrage opportunity. Overall, the cost of living in Minneapolis, MN is 21.7% cheaper. Housing is typically the biggest financial win—renting a 1-bedroom apartment in Minneapolis, MN's center costs around 1,795 USD, which is a staggering 25.4% less than in Chicago, IL. If you are retaining a remote income, the Remote Wealth team ranks this as a highly strategic move for wealth accumulation.
Reviewed by the Remote Wealth Editorial Team
Our cost of living data for Chicago, IL and Minneapolis, MN is compiled using our rigorous verification methodology. We combine millions of data points from reliable sources to ensure you get the most accurate financial comparison for your relocation.
Read more about our team →Salary Comparator
Find out exactly how much you need to earn in Minneapolis, MN to maintain your current lifestyle in Chicago, IL.
You need in Minneapolis, MN
4,023 USD
Geo-Arbitrage FIRE
Discover how moving to a cheaper city accelerates your Financial Independence and Retire Early (FIRE) timeline.
By moving from Chicago, IL to Minneapolis, MN and investing the 22% cost of living difference, you could reach FIRE 3.2 years earlier.
Budget Simulator
Instantly adapt your Chicago, IL budget to local Minneapolis, MN prices. We automatically adjust housing, groceries, and leisure categories.
Investment Planner
You save 611 USD every month on rent alone by moving to Minneapolis, MN.
Investing this rent difference in an S&P 500 index fund could grow to ~102,648 USD in 10 years.