Cost of Living: Minnetonka, MN vs Phoenix, AZ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,119/mo in Minnetonka, MN versus $4,370/mo in Phoenix, AZ. In the model, rent is about 25.61% of gross in Minnetonka, MN versus 21.24% in Phoenix, AZ, so Phoenix, AZ tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Minnetonka, MN and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Minnetonka, MN
- Lower rent (median 1BR/2BR): Phoenix, AZ
- Lower home prices: Phoenix, AZ
- Higher median household income: Minnetonka, MN
Cost of Living Index
Minnetonka, MN: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Minnetonka, MN has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Minnetonka, MN: $1,670/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Minnetonka, MN is $285/mo higher than in Phoenix, AZ.
Median Home Price
Minnetonka, MN: $456,200 · Phoenix, AZ: $381,900
Median home price in Minnetonka, MN is $74,300 higher than in Phoenix, AZ.
Median Household Income
Minnetonka, MN: $120,496 · Phoenix, AZ: $77,041
Minnetonka, MN has a higher median household income than Phoenix, AZ by $43,455.
Minnetonka, MN overview · Phoenix, AZ overview · Popular comparisons