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Cost of Living

 

Low cost of living for a high quality of  life.

 

Greater MSP’s moderate cost of living and abundant amenities earn the region high marks in national quality-of-life comparisons. Minneapolis-Saint Paul is consistently named one of the best-value cities in America.

 

Lower Cost of Living

The Twin Cities historically lags other U.S. cities in cost-of-living measures. The 2014 CPI for the 16-county Greater MSP region was 232, five points below the U.S. city average. The CPI reflects the average price that people pay for food, clothing, shelter, fuel, transportation, medical care and day-to-day living. Minneapolis is one of America’s “Top 10 Places to Live,” says RelocateAmerica. It describes Minneapolis as “a vibrant, progressive city with a well educated populous, affordable housing, excellent schools, diverse neighborhoods, solid green initiatives, the nation’s best park and recreational system, and an outstanding quality of life.”

 

Reasonable Housing Costs

Reasonable housing costs and attractive neighborhoods helped Minneapolis earn the title of "#2 City for Post-Grads" by Huffington Post (2015). Those factors also propelled three Twin Cities suburbs onto Money magazine’s short list of "Best Places to Live."

 

The Minneapolis-Saint Paul metro area ranks third in the US for quality of life, according to Nerdwallet.com. High scores went to cities with a healthy work-life balance, relatively low cost of living and high rates of health coverage.

 

 

Connect With Us

GREATER MSP
Securian Building
400 Robert Street North, Suite 1600
Saint Paul, MN 55101

info@greatermsp.org

651.287.1300

1.855.287.5941