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Minneapolis vs Des Moines

Minneapolis, MN  ·  Des Moines, IA

TL;DR

Minneapolis cost-of-living index is 105 vs 89 for Des Moines (US = 100). Median home: $330,000 vs $240,000. Median rent: $1,114/mo vs $850/mo.

Source: Zillow ZHVI/ZORI · Census ACS, 2026-04-19

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Des Moines is 15% cheaper than Minneapolis overall.

Written by Jere Salmisto, Founder & Quantitative Systems Builder, CalcFi·Reviewed by CalcFi Editorial·Last reviewed 2026-04-19

Home Price

Minneapolis: $330,000

Des: $240,000

Monthly Rent

Minneapolis: $1,114/mo

Des: $850/mo

COL Index

Minneapolis: 105

Des: 89

Median Income

Minneapolis: $80,600

Des: $67,200

Side-by-Side Comparison

Metric
Minneapolis
Des Moines
Winner
🏠

Median Home Price

$330,000
$240,000
Des Moines
🏢

Monthly Rent (Median)

$1,114/mo
$850/mo
Des Moines
💰

Median Household Income

$80,600
$67,200
Minneapolis
📋

Property Tax Rate

1.1%
1.5%
Minneapolis
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Cost of Living Index

100 = national average

105
89
Des Moines
🚗

Avg. Commute

25 min
20 min
Des Moines
📈

Unemployment Rate

3.3%
2.8%
Des Moines
👥

Median Age

36.1 yrs
33.8 yrs
Minneapolis

What This Means For You

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Buying Power

A $100,000 salary in Minneapolis has the same purchasing power as $84,762 in Des Moines — based on each city's cost of living index.

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Housing

Homes in Des Moines cost 27% more (-$90,000 extra). Expect a larger mortgage and down payment.

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Renting

Renting in Des Moines saves you $264/month — $3,168 per year. Median rent: $1,114/mo in Minneapolis vs $850/mo in Des Moines.

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Property Taxes

On a median-priced home, Minneapolis owners pay roughly $3,630/year in property taxes vs $3,600/year in Des Moines. That's a $30 annual difference.

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Local Earnings

Median household income is $80,600 in Minneapolis and $67,200 in Des Moines. Des Moines residents earn 17% more — but remember to factor in cost of living.

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Daily Commute

Average commute is 25 minutes in Minneapolis vs 20 minutes in Des Moines. Over a year, that's 2500 extra minutes (42 hours) of commuting in Minneapolis.

Salary Equivalence

To maintain the same lifestyle when moving from Minneapolis to Des Moines, here's the salary you'd need:

Salary in MinneapolisEquivalent in Des MoinesDifference
$50,000$42,381-$7,619
$75,000$63,571-$11,429
$100,000$84,762-$15,238
$150,000$127,143-$22,857
$200,000$169,524-$30,476

* Calculated using cost of living indices (national average = 100). Does not account for state income tax differences.

Run the Numbers

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Mortgage Calculator

See monthly payments for homes in either city

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Rent vs Buy

Is it cheaper to rent or buy in these markets?

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Cost of Living

Full cost of living comparison tool

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Home Appreciation

Project future home value growth

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Affordability Calculator

How much home can you afford?

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Property Tax Calculator

Estimate taxes in Minneapolis or Des Moines

Minneapolis Calculators

→ Mortgage calculator for Minneapolis→ Rent vs buy in Minneapolis

Des Moines Calculators

→ Mortgage calculator for Des Moines→ Rent vs buy in Des Moines

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Minneapolis vs Des Moines: Common Questions

Is Minneapolis or Des Moines cheaper to live in?

Based on cost of living indices, Des Moines is cheaper overall. Minneapolis has a COL index of 105 while Des Moines scores 89 (national average = 100).

How do home prices compare between Minneapolis and Des Moines?

The median home price in Minneapolis is $330,000 vs $240,000 in Des Moines — a difference of $90,000 (27%).

What salary do I need in Des Moines to match my Minneapolis income?

Use the salary equivalence table above. For example, a $100K salary in Minneapolis is equivalent to $84,762 in Des Moines in terms of purchasing power.

Which city has lower property taxes?

Minneapolis has a lower property tax rate (1.1% vs 1.5%). On a median-priced home, that means paying $3,600/year vs $3,630/year.

How does rent compare in Minneapolis vs Des Moines?

Median monthly rent: $1,114 in Minneapolis vs $850 in Des Moines. Annualized: $13,368 vs $10,200.

What is the median household income in each city?

Minneapolis: $80,600/yr. Des Moines: $67,200/yr (Census ACS).

Which city is better for remote workers?

Lower-cost Des Moines typically lets remote-workers keeping a coastal salary stretch further. Higher-cost cities usually win on amenities and labor-market depth.

Where does the data on this comparison come from?

Numbers are pulled from Zillow ZHVI/ZORI (home values, rent), the U.S. Census Bureau ACS (income), and BEA RPP (cost-of-living index). Each value is timestamped on the page.

How often is this comparison updated?

Source feeds refresh on their native cadence — hourly for mortgage rates, monthly for ZHVI/ZORI, annually for ACS. Page caches revalidate every 24 hours via Next.js ISR.

Does this comparison replace tax or financial advice?

No. This page is educational reference using public data and standard formulas. It is not personalized tax, legal, or investment advice. Consult a licensed professional for material decisions.

Sources & Citations

  1. Zillow Research — Zillow Home Value Index (ZHVI) and Observed Rent Index (ZORI) — zillow.com/research/data
  2. U.S. Census Bureau — American Community Survey (ACS) 5-year estimates for median household income, median age, commute time — census.gov/acs
  3. Bureau of Economic Analysis — Regional Price Parities (RPP) by state and metro — bea.gov/rpp
  4. Tax Foundation — effective property tax rates and state tax rates — taxfoundation.org
  5. U.S. Bureau of Labor Statistics — unemployment rates and regional CPI — bls.gov
  6. Council for Community and Economic Research (C2ER) — Cost of Living Index — coli.org
Methodology & Assumptions

City-level metrics (median home price, median rent, median household income, property tax rate, COL index, commute, unemployment, median age) are sourced from Zillow ZHVI/ZORI[1], Census ACS 5-year estimates[2], BEA Regional Price Parities[3], Tax Foundation[4], and BLS Local Area Unemployment Statistics[5].

The Cost of Living Index uses 100 = national average (C2ER methodology[6]): values above 100 indicate a city is more expensive than the national average, below 100 less expensive.

Salary equivalence uses the ratio adjustedSalary = salary × (colDestination / colOrigin). This accounts for cost-of-living differences but does not model state income tax variation, which can be significant.

Annual property tax is computed as medianHomePrice × propertyTaxRate. Actual assessed value may differ from sale price. Effective rates vary within a metro; these are metro-wide medians.

Commute-hours calculations assume 250 working days/year and a round-trip commute. "Tied" in the comparison table means values within ±1% of each other.

Last reviewed reflects the maximum retrievedAt timestamp across every sourced dataset feeding this page. When any source refreshes, the next ISR revalidation (every 24 hours) picks the new date.

Cost of living data sourced from [6] C2ER, [2] U.S. Census Bureau, and [1] Zillow Research. Tax rates from [4] Tax Foundation. Last reviewed 2026-04-19.