Minneapolis, MN vs Baltimore, MD: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, living costs in Baltimore, MD and Minneapolis, MN are within 1% of each other (BEA, 2024).
- To keep the same standard of living, $75,000 in Minneapolis works out to about $74,800 in Baltimore, before taxes.
- Housing is 5.7% higher in Baltimore, goods 0.7% lower and other services 2.8% lower, which roughly cancel out.
- Utility prices (electricity, gas, water) are 17.9% higher in Baltimore.
- Typical asking rent is $1,937 a month in Baltimore and $1,736 in Minneapolis, $2,412 a year more in Baltimore (Zillow, September 2026).
- A typical home is valued at about $397,000 in Baltimore and $388,000 in Minneapolis.
- The gap is about where it was in 2019 (1.1%).
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Overall prices are about the same in Minneapolis and Baltimore
Price level by category, 2024. US average = 100.
- Minneapolis, MN
- Baltimore, MD
All items Minneapolis, MN: 104.8 Baltimore, MD: 104.5
Goods Minneapolis, MN: 103.1 Baltimore, MD: 102.4
Housing (rents) Minneapolis, MN: 111.8 Baltimore, MD: 118.2
Utilities Minneapolis, MN: 93.5 Baltimore, MD: 110.2
Other services Minneapolis, MN: 104.4 Baltimore, MD: 101.5
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Minneapolis, MN | Baltimore, MD | |
|---|---|---|
| All items | 104.8 | 104.5 |
| Goods | 103.1 | 102.4 |
| Housing (rents) | 111.8 | 118.2 |
| Utilities | 93.5 | 110.2 |
| Other services | 104.4 | 101.5 |
| Category | Minneapolis | Baltimore | Baltimore vs Minneapolis |
|---|---|---|---|
| All items | 104.8 | 104.5 | −0.3% |
| Goods | 103.1 | 102.4 | −0.7% |
| Housing (rents) | 111.8 | 118.2 | +5.7% |
| Utilities | 93.5 | 110.2 | +17.9% |
| Other services | 104.4 | 101.5 | −2.8% |
| Typical asking rent | $1,736 | $1,937 | +11.6% |
| Typical home value | $388,000 | $397,000 | +2.4% |
| Salary to match $75,000 in Minneapolis | $75,000 | $74,800 | −0.3% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between Minneapolis and Baltimore has narrowed since 2008: 3.4 points then, 0.3 now
Overall price level each year, 2008–2024. US average = 100.
- Minneapolis, MN
- Baltimore, MD
US average = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Minneapolis, MN | Baltimore, MD | |
|---|---|---|
| 2008 | 102.9 | 106.4 |
| 2009 | 105.0 | 109.4 |
| 2010 | 102.3 | 106.1 |
| 2011 | 102.5 | 108.8 |
| 2012 | 101.2 | 106.5 |
| 2013 | 102.1 | 106.8 |
| 2014 | 103.6 | 105.7 |
| 2015 | 102.8 | 106.0 |
| 2016 | 102.3 | 106.1 |
| 2017 | 102.3 | 107.6 |
| 2018 | 104.7 | 105.3 |
| 2019 | 102.7 | 103.9 |
| 2020 | 102.4 | 105.4 |
| 2021 | 103.5 | 104.9 |
| 2022 | 102.6 | 102.4 |
| 2023 | 104.3 | 103.2 |
| 2024 | 104.8 | 104.5 |
Goods
- Minneapolis, MN
- Baltimore, MD
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Minneapolis, MN | Baltimore, MD | |
|---|---|---|
| 2008 | 104.3 | 100.0 |
| 2009 | 106.5 | 105.7 |
| 2010 | 100.2 | 100.9 |
| 2011 | 101.7 | 104.7 |
| 2012 | 102.0 | 104.3 |
| 2013 | 100.9 | 102.2 |
| 2014 | 103.7 | 103.3 |
| 2015 | 102.0 | 101.8 |
| 2016 | 100.0 | 102.2 |
| 2017 | 103.1 | 102.4 |
| 2018 | 105.1 | 101.4 |
| 2019 | 102.4 | 99.9 |
| 2020 | 100.5 | 101.8 |
| 2021 | 103.2 | 100.6 |
| 2022 | 102.5 | 100.7 |
| 2023 | 104.5 | 101.5 |
| 2024 | 103.1 | 102.4 |
Housing (rents)
- Minneapolis, MN
- Baltimore, MD
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Minneapolis, MN | Baltimore, MD | |
|---|---|---|
| 2008 | 119.9 | 126.0 |
| 2009 | 116.8 | 127.3 |
| 2010 | 114.1 | 125.8 |
| 2011 | 113.9 | 127.0 |
| 2012 | 111.7 | 126.1 |
| 2013 | 115.0 | 132.9 |
| 2014 | 115.5 | 131.0 |
| 2015 | 119.7 | 123.4 |
| 2016 | 116.6 | 120.8 |
| 2017 | 119.6 | 122.9 |
| 2018 | 116.8 | 122.6 |
| 2019 | 118.0 | 123.5 |
| 2020 | 112.0 | 122.4 |
| 2021 | 114.7 | 120.9 |
| 2022 | 119.0 | 120.5 |
| 2023 | 110.3 | 116.8 |
| 2024 | 111.8 | 118.2 |
Utilities
- Minneapolis, MN
- Baltimore, MD
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Minneapolis, MN | Baltimore, MD | |
|---|---|---|
| 2008 | 86.7 | 123.8 |
| 2009 | 86.5 | 129.1 |
| 2010 | 82.2 | 113.3 |
| 2011 | 82.5 | 106.5 |
| 2012 | 87.7 | 100.7 |
| 2013 | 85.9 | 103.8 |
| 2014 | 87.4 | 95.9 |
| 2015 | 86.6 | 100.9 |
| 2016 | 92.8 | 109.0 |
| 2017 | 92.8 | 104.4 |
| 2018 | 96.0 | 100.5 |
| 2019 | 91.7 | 104.8 |
| 2020 | 90.8 | 104.5 |
| 2021 | 90.2 | 102.5 |
| 2022 | 85.8 | 101.8 |
| 2023 | 89.8 | 110.1 |
| 2024 | 93.5 | 110.2 |
Other services
- Minneapolis, MN
- Baltimore, MD
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Minneapolis, MN | Baltimore, MD | |
|---|---|---|
| 2008 | 98.6 | 104.0 |
| 2009 | 101.9 | 105.3 |
| 2010 | 101.6 | 103.3 |
| 2011 | 101.1 | 106.2 |
| 2012 | 98.7 | 102.5 |
| 2013 | 100.3 | 102.3 |
| 2014 | 101.3 | 100.8 |
| 2015 | 99.9 | 103.8 |
| 2016 | 100.6 | 104.1 |
| 2017 | 98.2 | 106.5 |
| 2018 | 102.0 | 102.9 |
| 2019 | 99.7 | 100.8 |
| 2020 | 101.5 | 102.3 |
| 2021 | 101.3 | 103.0 |
| 2022 | 99.4 | 98.3 |
| 2023 | 103.1 | 99.8 |
| 2024 | 104.4 | 101.5 |
Rent and home values
Typical asking rent: $1,937 in Baltimore vs $1,736 in Minneapolis
Typical asking rent for a new lease, dollars per month. Quarterly.
- Minneapolis, MN
- Baltimore, MD
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Minneapolis, MN | Baltimore, MD | United States | |
|---|---|---|---|
| Mar 2015 | $1,134 | $1,319 | $1,145 |
| Jun 2015 | $1,160 | $1,335 | $1,170 |
| Sep 2015 | $1,165 | $1,336 | $1,181 |
| Dec 2015 | $1,160 | $1,333 | $1,182 |
| Mar 2016 | $1,172 | $1,347 | $1,195 |
| Jun 2016 | $1,207 | $1,355 | $1,219 |
| Sep 2016 | $1,212 | $1,345 | $1,225 |
| Dec 2016 | $1,211 | $1,337 | $1,222 |
| Mar 2017 | $1,242 | $1,361 | $1,245 |
| Jun 2017 | $1,266 | $1,382 | $1,270 |
| Sep 2017 | $1,275 | $1,372 | $1,276 |
| Dec 2017 | $1,275 | $1,367 | $1,275 |
| Mar 2018 | $1,309 | $1,384 | $1,296 |
| Jun 2018 | $1,319 | $1,400 | $1,320 |
| Sep 2018 | $1,329 | $1,398 | $1,327 |
| Dec 2018 | $1,333 | $1,399 | $1,329 |
| Mar 2019 | $1,364 | $1,414 | $1,349 |
| Jun 2019 | $1,385 | $1,436 | $1,376 |
| Sep 2019 | $1,385 | $1,438 | $1,383 |
| Dec 2019 | $1,389 | $1,431 | $1,381 |
| Mar 2020 | $1,414 | $1,447 | $1,402 |
| Jun 2020 | $1,416 | $1,455 | $1,406 |
| Sep 2020 | $1,416 | $1,465 | $1,410 |
| Dec 2020 | $1,406 | $1,481 | $1,407 |
| Mar 2021 | $1,419 | $1,506 | $1,443 |
| Jun 2021 | $1,460 | $1,574 | $1,512 |
| Sep 2021 | $1,480 | $1,635 | $1,590 |
| Dec 2021 | $1,478 | $1,638 | $1,622 |
| Mar 2022 | $1,510 | $1,673 | $1,661 |
| Jun 2022 | $1,540 | $1,724 | $1,721 |
| Sep 2022 | $1,544 | $1,729 | $1,748 |
| Dec 2022 | $1,529 | $1,708 | $1,735 |
| Mar 2023 | $1,559 | $1,745 | $1,757 |
| Jun 2023 | $1,576 | $1,771 | $1,785 |
| Sep 2023 | $1,574 | $1,777 | $1,797 |
| Dec 2023 | $1,567 | $1,764 | $1,786 |
| Mar 2024 | $1,597 | $1,785 | $1,807 |
| Jun 2024 | $1,618 | $1,826 | $1,837 |
| Sep 2024 | $1,619 | $1,836 | $1,845 |
| Dec 2024 | $1,611 | $1,835 | $1,836 |
| Mar 2025 | $1,643 | $1,860 | $1,860 |
| Jun 2025 | $1,671 | $1,874 | $1,880 |
| Sep 2025 | $1,677 | $1,886 | $1,881 |
| Dec 2025 | $1,680 | $1,881 | $1,873 |
| Mar 2026 | $1,700 | $1,900 | $1,894 |
| Jun 2026 | $1,728 | $1,915 | $1,921 |
| Sep 2026 | $1,736 | $1,937 | $1,932 |
Typical home value: $397,000 in Baltimore vs $388,000 in Minneapolis
Typical home value, dollars. Quarterly.
- Minneapolis, MN
- Baltimore, MD
- United States
Source: Zillow Home Value Index (typical home value, middle tier, smoothed, seasonally adjusted), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Minneapolis, MN | Baltimore, MD | United States | |
|---|---|---|---|
| Mar 2015 | $223K | $260K | $189K |
| Jun 2015 | $227K | $262K | $192K |
| Sep 2015 | $229K | $263K | $195K |
| Dec 2015 | $233K | $265K | $199K |
| Mar 2016 | $238K | $266K | $202K |
| Jun 2016 | $242K | $267K | $204K |
| Sep 2016 | $244K | $268K | $206K |
| Dec 2016 | $248K | $271K | $209K |
| Mar 2017 | $255K | $274K | $213K |
| Jun 2017 | $260K | $276K | $216K |
| Sep 2017 | $262K | $276K | $219K |
| Dec 2017 | $265K | $279K | $223K |
| Mar 2018 | $272K | $283K | $227K |
| Jun 2018 | $277K | $285K | $230K |
| Sep 2018 | $281K | $286K | $234K |
| Dec 2018 | $282K | $287K | $236K |
| Mar 2019 | $287K | $290K | $239K |
| Jun 2019 | $290K | $293K | $242K |
| Sep 2019 | $291K | $294K | $244K |
| Dec 2019 | $294K | $296K | $247K |
| Mar 2020 | $301K | $301K | $252K |
| Jun 2020 | $304K | $302K | $255K |
| Sep 2020 | $306K | $306K | $260K |
| Dec 2020 | $318K | $317K | $271K |
| Mar 2021 | $330K | $328K | $282K |
| Jun 2021 | $344K | $341K | $296K |
| Sep 2021 | $350K | $344K | $306K |
| Dec 2021 | $352K | $347K | $314K |
| Mar 2022 | $364K | $357K | $330K |
| Jun 2022 | $376K | $368K | $346K |
| Sep 2022 | $372K | $366K | $348K |
| Dec 2022 | $367K | $364K | $345K |
| Mar 2023 | $365K | $367K | $343K |
| Jun 2023 | $369K | $374K | $347K |
| Sep 2023 | $372K | $378K | $352K |
| Dec 2023 | $371K | $379K | $354K |
| Mar 2024 | $372K | $383K | $357K |
| Jun 2024 | $374K | $388K | $361K |
| Sep 2024 | $373K | $387K | $361K |
| Dec 2024 | $378K | $391K | $363K |
| Mar 2025 | $380K | $394K | $364K |
| Jun 2025 | $378K | $395K | $362K |
| Sep 2025 | $381K | $395K | $362K |
| Dec 2025 | $385K | $396K | $364K |
| Mar 2026 | $388K | $397K | $366K |
| Jun 2026 | $386K | $397K | $365K |
| Sep 2026 | $388K | $397K | $366K |
More about each city
- Cost of living in Minneapolis, MN
- Cost of living in Baltimore, MD
- Reverse: moving from Baltimore to Minneapolis
Related comparisons
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.