City comparison
Miami, FL vs Minneapolis, MN
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Miami, FL are 8.9% higher than in Minneapolis, MN. Someone earning $100,000 in Minneapolis, MN would need about $108,900 in Miami, FL to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,995 a month in Miami, FL versus $1,405 in Minneapolis, MN. On $100,000, that's 30% of take-home pay in Miami, FL and 23% in Minneapolis, MN.
- On $100,000, estimated state income tax is about $5,277 a year higher in Minneapolis, MN than in Miami, FL.
- For federal employees, locality pay changes a GS-13 step 1 salary by +2.4% moving from Miami, FL to Minneapolis, MN ($113,356 → $116,038), while prices change by −8.2%. Net effect of the transfer: +11.5% in real buying power.
- Miami, FL: price level 114.2 (much pricier)
- Minneapolis, MN: price level 104.8 (pricier)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Miami, FL | Minneapolis, MN | |
|---|---|---|
| Price level (U.S. = 100)2 | 114.2 | 104.8 |
| $100,000 is worth, in the other city2 | $91,824 in Minneapolis | $108,904 in Miami |
| Typical 1-bedroom rent3 | $1,995/mo | $1,405/mo |
| Take-home on $100,00014,15,8 | $79,180 | $73,903 |
| State income tax on $100,000 (estimate)8 | $0 (FL) | $5,277 (MN) |
| Rent burden on $100,000 | 30% | 23% |
| Median pay, all jobs4 | $48,640 | $59,320 |
| Federal locality pay area7 | Miami-Port St. Lucie-Fort Lauderdale, FL | Minneapolis-St. Paul, MN-WI |
Rent areas: Miami-Miami Beach-Kendall, FL HUD Metro FMR Area and Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Metro areas: Miami-Fort Lauderdale-West Palm Beach, FL and Minneapolis-St. Paul-Bloomington, MN-WI.
What costs more or less
| Price level (U.S. = 100) | Miami | Minneapolis |
|---|---|---|
| Housing (rent) | 155.6 | 111.8 |
| Goods | 103.6 | 103.1 |
| Utilities | 97.2 | 93.5 |
| Other services | 109.1 | 104.4 |
| Overall | 114.2 | 104.8 |
Moving with the same $100,000 salary
Miami, FL → Minneapolis, MN
Same pay goes further
Buying power +8.9%; rent takes 23% of take-home; state tax +$5,277/yr.
97 Strong offer
Minneapolis, MN → Miami, FL
Same pay buys less
Buying power −8.2%; rent takes 30% of take-home; state tax −$5,277/yr.
35 Weak offer
On the GS pay scale?
Miami, FL is in the Miami-Port St. Lucie-Fort Lauderdale, FL pay area; Minneapolis, MN is in Minneapolis-St. Paul, MN-WI. The last column shows what a transfer from Miami, FL to Minneapolis, MN at the same grade and step does to real buying power.
| Grade5,2 | Miami, FL | Minneapolis, MN | Real change, Miami → Minneapolis |
|---|---|---|---|
| GS-9 step 1 | $65,735 | $67,290 | +11.5% |
| GS-11 step 1 | $79,533 | $81,415 | +11.5% |
| GS-12 step 1 | $95,326 | $97,582 | +11.5% |
| GS-13 step 1 | $113,356 | $116,038 | +11.5% |
| GS-14 step 1 | $133,953 | $137,123 | +11.5% |
Pay for common jobs
| Median annual pay4 | Miami, FL | Minneapolis, MN | Minneapolis pay in Miami dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $58,300 | $79,730 | $86,829 (+48.9%) |
| Software Developers | $132,650 | $130,920 | $142,577 (+7.5%) |
| Accountants and Auditors | $80,920 | $86,500 | $94,202 (+16.4%) |
| Registered Nurses | $91,380 | $103,040 | $112,214 (+22.8%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.