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๐Ÿ’ก Smart Analysis

Comparing Minneapolis and Chicago: Both cities offer matching average gross salaries. Cost of living is 7% cheaper in Minneapolis. With higher take-home and lower expenses, Minneapolis is a more financially comfortable place to live with an affordability score of 6.6/10 compared to 6.5/10.

Category Comparison
๐Ÿ‡บ๐Ÿ‡ธ
Minneapolis
๐Ÿ‡บ๐Ÿ‡ธ
Chicago

๐Ÿ’ฐ Gross Salaries & Ranges

Average Gross Salary (Annual)
The primary average salary across experience ranges
$127,000/yr
$127,000/yr
Junior Developer Pay
$75,000
$75,000
Mid-Level Developer Pay
$110,000
$110,000
Senior Developer Pay
$163,000
$163,000
Lead / Architect Pay
$202,000
$204,000

๐Ÿ  Monthly Cost of Living

Rent โ€” City Center (1 Bed)
$1,700
$1,900
Rent โ€” Suburbs (1 Bed)
$1,080
$1,200
Groceries (Monthly)
$485
$500
Public Transport Pass
$82
$105
Utilities (Electricity, Internet)
$232
$240
Estimated Cost of Living
Rent center, groceries, transport plans & hobbies included
$3,755/mo
CHEAPER
$4,023/mo

๐Ÿงพ Tax rates & Take-home

Average Income Tax Rate
9%
25%
Social Security Deduction
8%
8%
Monthly Take-home (After Tax)
Estimated direct net monthly deposit based on mid-level pay
$6,692/mo
$6,142/mo

๐Ÿ“Š Affordability & Savings

Affordability Index
Score out of 10 comparing local net pay to costs
6.6
MORE AFFORDABLE
6.5
Monthly Savings Potential
Money left over after all standard cost of living expenses
$2,937/mo
$2,119/mo
Months to Save $10,000
~3 months
~5 months
๐Ÿ‡บ๐Ÿ‡ธ Complete Minneapolis Breakdown & Charts โ†’ ๐Ÿ‡บ๐Ÿ‡ธ Complete Chicago Breakdown & Charts โ†’