City comparison
Minneapolis, MN vs Tampa, FL
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Minneapolis, MN are 3.9% higher than in Tampa, FL. Someone earning $100,000 in Tampa, FL would need about $103,900 in Minneapolis, MN to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,696 a month in Tampa, FL versus $1,405 in Minneapolis, MN. On $100,000, that's 26% of take-home pay in Tampa, 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 Tampa, FL.
- For federal employees, locality pay changes a GS-13 step 1 salary by −8.3% moving from Minneapolis, MN to Tampa, FL ($116,038 → $106,437), while prices change by −3.8%. Net effect of the transfer: −4.7% in real buying power.
- Minneapolis, MN: price level 104.8 (pricier)
- Tampa, FL: price level 100.9 (about average)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Minneapolis, MN | Tampa, FL | |
|---|---|---|
| Price level (U.S. = 100)2 | 104.8 | 100.9 |
| $100,000 is worth, in the other city2 | $96,249 in Tampa | $103,897 in Minneapolis |
| Typical 1-bedroom rent3 | $1,405/mo | $1,696/mo |
| Take-home on $100,00014,15,8 | $73,903 | $79,180 |
| State income tax on $100,000 (estimate)8 | $5,277 (MN) | $0 (FL) |
| Rent burden on $100,000 | 23% | 26% |
| Median pay, all jobs4 | $59,320 | $48,940 |
| Federal locality pay area7 | Minneapolis-St. Paul, MN-WI | Rest of U.S. |
Rent areas: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area and Tampa-St. Petersburg-Clearwater, FL MSA. Metro areas: Minneapolis-St. Paul-Bloomington, MN-WI and Tampa-St. Petersburg-Clearwater, FL.
What costs more or less
| Price level (U.S. = 100) | Minneapolis | Tampa |
|---|---|---|
| Housing (rent) | 111.8 | 125.8 |
| Goods | 103.1 | 95.5 |
| Utilities | 93.5 | 88.5 |
| Other services | 104.4 | 97.6 |
| Overall | 104.8 | 100.9 |
Moving with the same $100,000 salary
Minneapolis, MN → Tampa, FL
Same pay goes further
Buying power +3.9%; rent takes 26% of take-home; state tax −$5,277/yr.
80 Strong offer
Tampa, FL → Minneapolis, MN
Same pay buys less
Buying power −3.8%; rent takes 23% of take-home; state tax +$5,277/yr.
57 Fair offer
On the GS pay scale?
Minneapolis, MN is in the Minneapolis-St. Paul, MN-WI pay area; Tampa, FL is in Rest of U.S.. The last column shows what a transfer from Minneapolis, MN to Tampa, FL at the same grade and step does to real buying power.
| Grade5,2 | Minneapolis, MN | Tampa, FL | Real change, Minneapolis → Tampa |
|---|---|---|---|
| GS-9 step 1 | $67,290 | $61,722 | −4.7% |
| GS-11 step 1 | $81,415 | $74,678 | −4.7% |
| GS-12 step 1 | $97,582 | $89,508 | −4.7% |
| GS-13 step 1 | $116,038 | $106,437 | −4.7% |
| GS-14 step 1 | $137,123 | $125,776 | −4.7% |
Pay for common jobs
| Median annual pay4 | Minneapolis, MN | Tampa, FL | Tampa pay in Minneapolis dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $79,730 | $60,120 | $62,463 (−21.7%) |
| Software Developers | $130,920 | $130,450 | $135,534 (+3.5%) |
| Accountants and Auditors | $86,500 | $78,990 | $82,068 (−5.1%) |
| Registered Nurses | $103,040 | $85,470 | $88,801 (−13.8%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.