City comparison
Minneapolis, MN vs New Haven, CT
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Overall prices in Minneapolis, MN (104.8) and New Haven, CT (104.6, U.S. average = 100) are within 1% of each other, so $100,000 in Minneapolis, MN goes as far as $99,700 in New Haven, CT.
- Rent is the bigger story: a typical 1-bedroom costs $1,591 a month in New Haven, CT versus $1,405 in Minneapolis, MN. On $100,000, that's 25% of take-home pay in New Haven, CT and 23% in Minneapolis, MN.
- On $100,000, estimated state income tax is about $1,352 a year higher in Minneapolis, MN than in New Haven, CT.
- For federal employees, locality pay changes a GS-13 step 1 salary by +8.1% moving from Minneapolis, MN to New Haven, CT ($116,038 → $125,431), while prices change by −0.3%. Net effect of the transfer: +8.4% in real buying power.
- Minneapolis, MN: price level 104.8 (pricier)
- New Haven, CT: price level 104.6 (pricier)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Minneapolis, MN | New Haven, CT | |
|---|---|---|
| Price level (U.S. = 100)2 | 104.8 | 104.6 |
| $100,000 is worth, in the other city2 | $99,749 in New Haven | $100,252 in Minneapolis |
| Typical 1-bedroom rent3 | $1,405/mo | $1,591/mo |
| Take-home on $100,00014,15,8 | $73,903 | $75,255 |
| State income tax on $100,000 (estimate)8 | $5,277 (MN) | $3,925 (CT) |
| Rent burden on $100,000 | 23% | 25% |
| Median pay, all jobs4 | $59,320 | $60,060 |
| Federal locality pay area7 | Minneapolis-St. Paul, MN-WI | New York-Newark, NY-NJ-CT-PA |
Rent areas: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area and New Haven, CT MSA. Metro areas: Minneapolis-St. Paul-Bloomington, MN-WI and New Haven, CT.
What costs more or less
| Price level (U.S. = 100) | Minneapolis | New Haven |
|---|---|---|
| Housing (rent) | 111.8 | 124.3 |
| Goods | 103.1 | 97.3 |
| Utilities | 93.5 | 144.8 |
| Other services | 104.4 | 102.7 |
| Overall | 104.8 | 104.6 |
Moving with the same $100,000 salary
Minneapolis, MN → New Haven, CT
Roughly even
Buying power +0.3%; rent takes 25% of take-home; state tax −$1,352/yr.
69 Fair offer
New Haven, CT → Minneapolis, MN
Roughly even
Buying power −0.3%; rent takes 23% of take-home; state tax +$1,352/yr.
68 Fair offer
On the GS pay scale?
Minneapolis, MN is in the Minneapolis-St. Paul, MN-WI pay area; New Haven, CT is in New York-Newark, NY-NJ-CT-PA. The last column shows what a transfer from Minneapolis, MN to New Haven, CT at the same grade and step does to real buying power.
| Grade5,2 | Minneapolis, MN | New Haven, CT | Real change, Minneapolis → New Haven |
|---|---|---|---|
| GS-9 step 1 | $67,290 | $72,737 | +8.4% |
| GS-11 step 1 | $81,415 | $88,005 | +8.4% |
| GS-12 step 1 | $97,582 | $105,481 | +8.4% |
| GS-13 step 1 | $116,038 | $125,431 | +8.4% |
| GS-14 step 1 | $137,123 | $148,222 | +8.4% |
Pay for common jobs
| Median annual pay4 | Minneapolis, MN | New Haven, CT | New Haven pay in Minneapolis dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $79,730 | $79,820 | $80,021 (+0.4%) |
| Software Developers | $130,920 | $133,040 | $133,375 (+1.9%) |
| Accountants and Auditors | $86,500 | $94,960 | $95,199 (+10.1%) |
| Registered Nurses | $103,040 | $104,490 | $104,753 (+1.7%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.