Cost of LivingUpdated 2026-04-01

Minneapolis, Minnesota

In Minneapolis, Minnesota, a gallon of regular gas costs $3.52 as of 2026-04-01 — $0.54 below the national average of $4.06. The average monthly rent for all unit types is $1,664, compared to the national average of $1,900. Grocery inflation is running at 5.27% year-over-year. Since 2022, bread prices have increased significantly while egg prices have been volatile due to avian flu outbreaks. Minneapolis's cost-of-living index of 106 puts it above the national average of 100.

Key Numbers

Gas (Regular)

$3.52

National: $4.06

205.5%since 2000
AAA Gas Prices

Avg Rent (All)

$1,664

National: $1,900

19.8%since 2000
Zillow ZORI Metro (2026-02)

Grocery Inflation

5.27%

Year-over-year

BLS/FRED CPI

Fast Food Avg

$13.00

Combo meal

3.2%YoY

Electricity

14.98¢

per kWh · ~$135/mo

13.8%vs US avg
EIA Residential

Car Insurance

$157/mo

$1,880/yr

12.6%vs national avg
Bankrate/NAIC

Median Household Income

$96,339

27.2% goes to essentials

27.2%cost burden
Census ACS 2023
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Car Insurance

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Find Apartments

Avg rent $1,664/mo in Minneapolis. Browse listings:

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Grocery Prices

Grocery Prices — 2000 to Present

National BLS averages · submit local prices below ↓

Eggs (dozen)

Bird flu volatility

$2.58 BLS avg

+156.4%

Milk (gallon)

$4.10 BLS avg

+44.6%

Ground Beef (lb)

$6.75 BLS avg

+354.4%

Bread (loaf)

$1.84 BLS avg

+104.0%

Chicken Breast (lb)

$2.04 BLS avg

+93.5%

Butter (lb)

$5.58 BLS avg

+27.4%

Bacon (lb)

$8.31 BLS avg

+22.6%

Cheddar Cheese (lb)

$7.20 BLS avg

+20.2%

Pasta (lb)

$1.95 BLS avg

+30.0%

Rice (5 lb)

$5.17 BLS avg

+23.1%

Coffee (12 oz)

$12.67 BLS avg

+41.6%

Orange Juice (64 oz)

Citrus shortage

$5.95 BLS avg

+45.8%

Potatoes (5 lb)

$4.77 BLS avg

+19.2%

Apples (3 lb)

$5.17 BLS avg

+12.4%

Tomatoes (lb)

$2.86 BLS avg

+26.0%

Lettuce (head)

$2.43 BLS avg

+27.2%

Cooking Oil (48 oz)

$7.79 BLS avg

+42.9%

Yogurt (32 oz)

$5.26 BLS avg

+22.6%

Cereal (family size)

$6.65 BLS avg

+33.0%

Frozen Pizza

$8.85 BLS avg

+44.1%

Dining & Restaurants

Fast Food Meal

$13.00

Casual Dining

$24.59

Monthly Spend

$455.31

+3.23% YoY

Chain Restaurant Meal Prices — 2022 vs. Today

Combo meal / typical order for one

McDonald's

2022: $8.54

$13.77

+61.2%

Wendy's

2022: $9.64

$14.87

+54.3%

Chipotle

2022: $10.33

$15.42

+49.3%

Starbucks

2022: $4.71

$6.54

+38.9%

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Looking for an Apartment in Minneapolis?

Average 1BR: $1,364/mo · 2BR: $1,964/mo

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Local Workforce

2024 · BLS QCEW

Total Jobs

917k

Median Weekly Pay

$1,734

$90k/yr

Top Sector

Professional & Business Services

Household vs Worker Pay

$96k

household median

Employment by Sector — Minneapolis

% of local workforce · avg weekly wage · 5-year growth trend

Professional & Business Services
-5.8% 5yr$2,260/wk
20.9%

~$118k/yr

Education & Health Services
+7.5% 5yr$1,287/wk
18.4%

~$67k/yr

Trade, Transportation & Utilities
-4.5% 5yr$1,504/wk
15.8%

~$78k/yr

Financial Activities
-8.4% 5yr$2,854/wk
9.5%

~$148k/yr

Leisure & Hospitality
-5.6% 5yr$720/wk
8.9%

~$37k/yr

Source: BLS QCEW 2024 Annual · County FIPS 27053

Highest Paying Sector

Financial Activities

$2,854/wk · $148k/yr

Most Workers (lowest wage)

Leisure & Hospitality

$720/wk · $37k/yr

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