Cost of Living: Inver Grove Heights, MN vs Minneapolis, MN
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,119/mo in Inver Grove Heights, MN versus $4,119/mo in Minneapolis, MN. In the model, rent is about 21.09% of gross in Inver Grove Heights, MN versus 24.87% in Minneapolis, MN, so Inver Grove Heights, MN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Inver Grove Heights, MN and Minneapolis, MN.
At a glance
- Cheaper overall (lower cost-of-living index): Minneapolis, MN
- Lower rent (median 1BR/2BR): Inver Grove Heights, MN
- Lower home prices: Minneapolis, MN
- Higher median household income: Inver Grove Heights, MN
Cost of Living Index
Inver Grove Heights, MN: 100 (U.S. = 100) · Minneapolis, MN: 98.2 (U.S. = 100)
Minneapolis, MN has a lower cost-of-living index than Inver Grove Heights, MN, so a given salary generally stretches further there.
Median Rent
Inver Grove Heights, MN: $1,375/mo (midpoint of 1BR/2BR) · Minneapolis, MN: $1,622/mo
Median rent in Minneapolis, MN is $247/mo higher than in Inver Grove Heights, MN.
Median Home Price
Inver Grove Heights, MN: $352,300 · Minneapolis, MN: $327,500
Median home price in Inver Grove Heights, MN is $24,800 higher than in Minneapolis, MN.
Median Household Income
Inver Grove Heights, MN: $104,055 · Minneapolis, MN: $103,382
Inver Grove Heights, MN has a higher median household income than Minneapolis, MN by $673.
Inver Grove Heights, MN overview · Minneapolis, MN overview · Popular comparisons