Lakeville, MN vs Minneapolis, MN: Cost of Living Comparison
Minneapolis has the lower overall cost of living. (100 = US national average)
Category-by-Category Comparison
| Category | Lakeville | Minneapolis | Cheaper |
|---|---|---|---|
| Overall cost of living | 126 | 102 | Minneapolis |
| Housing | 122 ($1,209) | 99 ($930) | Minneapolis |
| Transportation | 97 ($3.50) | 104 ($3.50) | Lakeville |
| Food & groceries | 185 ($759) | 107 ($439) | Minneapolis |
| Utilities | 111 ($220) | 100 ($178) | Minneapolis |
| Healthcare | 111 ($159) | 100 ($129) | Minneapolis |
| Median annual wage | 117 ($56,920) | 117 ($56,920) | Tie |
Index 100 = US national average. Lower = cheaper. For wage, higher = better.
Frequently Asked Questions
Is Lakeville, MN or Minneapolis, MN cheaper to live in?
Minneapolis, MN is cheaper overall by about 24 index points (Lakeville, MN: 126, Minneapolis, MN: 102; 100 = US national average).
What salary do I need in Lakeville, MN vs Minneapolis, MN?
A single adult needs roughly $44,100/year in Lakeville, MN and $35,700/year in Minneapolis, MN to cover basic living costs.